Construction Industry's First Artificial Intelligence Enabled Equipment Performance Prediction and Optimization Solution
“The global engineering and construction sector holds the dual distinctions of being one of the world’s largest industries—yet one of its least efficient.”
Digitization
“construction is among the least digitized sectors in the world”
United States: second to last position
Europe: last position on the index
Productivity Growth
1% each year over the past 20 years for the construction industry*
vs
2.8% for the global economy as a whole
Delays and Overruns
“98% of projects incur cost overruns or delays”
Average cost increase: 80%
Average delay: 20 months
Earthworks Operations Planning and Optimization
What is the optimal mix of the selected types of equipment to complete the scope in a specific time and at minimum cost?
What is the minimum time required to complete a certain scope with a certain equipment mix?
What are total and unit costs?
Which type of equipment is a bottleneck?
Is any type of equipment idling too much?
How will scheduled maintenance affect my productivity?
Equipment Performance Prediction Model
Set benchmarks for equipment performance under various construction project site conditions
Validate and update construction schedules
Optimize resource allocation
Identify equipment misuse
Identify excessive fuel and / or oil consumption
Identify and resolve bottlenecks
Reduce overall cost
Asset Predictive Maintenance Model
Avoid equipment failure
Avoid unnecessary intervention
Increase system reliability
Optimize spare parts handling and storage
Increase equipment lifetime
Minimize stops
Minimize overall maintenance costs
About Us
Previse AI Ltd. is a team of experienced computer scientists and construction engineers building machine learning solutions to help optimize construction operations with focus on construction equipment operational performance and asset predictive maintenance.
Previse AI Ltd. is headquartered in Toronto at 100 King Street West, Suite 5600, Toronto, ON, M5X 1C9.
You can reach us at: info@previse.ai or 437-937-6490
©2023 Previse AI Ltd.
