Oracle Intelligence Cloud Service features AI and ML tools
The newly launched Oracle Construction Intelligence Cloud Service features a new suite of AI and analytics applications which will help the engineering and construction industry identify risks and improve decision making.
The new suite uses machine learning to continually analyze project data managed in Oracle Construction and Engineering solutions to identify potential risks and inefficiencies early.
The first application in the suite, Oracle Construction Intelligence Cloud Advisor, is available today, with other applications to follow.
Oracle Construction Intelligence Cloud Advisor provides predictive intelligence to improve decision-making at all levels of an organization.
Unlike software that provides only a view into what has happened in a project, the application also anticipates what may happen next. Its re-trainable machine learning models improve in accuracy over time as they learn from an organization's experiences.
The application uses data from Oracle's Primavera scheduling solution to predict project delays, which often lead to cost overruns, and help organizations determine appropriate corrective actions, identifying what project activities might be delayed and why.
Oracle Construction Intelligence Cloud Advisor can also help create better estimates, identify the impact of predicted delays on downstream activities, and improve the scheduling process to increase productivity.
"When you see some of the predictive modeling being done, such as Oracle's Construction Intelligence Cloud Service, you see an endless opportunity for us to be more proactively responsive as opposed to reactive," said Patty Sullivan, project manager, Strategic Initiatives Group at Burns & McDonnell.
"I believe there is an opportunity to manage or mitigate project risk with this technology. It is certainly something we will be looking at this year and we look forward to working with Oracle in utilizing this technology to improve and transform our industry."
Plans are afoot to expand Oracle Construction Intelligence Cloud Advisor to include data from across the Oracle Construction and Engineering portfolio over the next year.
These enhancements may help identify potential risks related to litigation, safety, rework, supply chain performance and cash flow. Additionally, new Oracle Construction Intelligence Cloud Service analytics and data service offerings will be added to the product line.
"Engineering and construction organizations are struggling to mine their data for useful insights into the performance of their projects and operations," said Mark Webster, senior vice president and general manager, Oracle Construction and Engineering.
"Oracle Construction Intelligence Cloud Service was shaped by our customers' need for intuitive tools to make their project outcomes more predictable and their businesses more competitive and profitable."
How could drones be used in the construction industry?
The use of drones and drone technology including artificial intelligence in several industries has become increasingly popular in recent years. Whether it’s for security purposes or even a bit of fun, drones are a convenient way of monitoring situations from above. So, could this be beneficial to the construction industry? In short, yes, and here are some of the ways the industry can use them.
Whenever a construction project is complete, it’s always important to take images of it looking its best so that the project itself or even a business can be promoted. With drones, the ability to record aerial footage and take photos from the sky adds a new dimension to displaying a construction project. A drone, provided it specced correctly, can capture video and photos in 4K HD from unique angles and provide an interesting perspective on a building project. A drone could be particularly useful to estate agents who are looking to show properties that they are trying to sell.
Occasionally surveyors need to laser scan parts of a building for planning and design reasons. This can be particularly challenging when trying to scan higher parts of a building due to not having a laser scanning tool that can reach. However, laser scanning capabilities in drones mean that they are able to capture things like the exact detail of topography and buildings while also having the ability to point cloud scan, which was previously difficult due to the restricted access of high points on buildings.
In construction, there are often times when a high level of risk is involved. This usually means have to complete certain tasks virtually. Drones can help workers do this through the use of their First Person View (FPV) technology. With this, a drone can stream HD footage to the project team and provide them with a live view of what it is seeing. This can be enhanced further with Virtual Reality (VR) glasses.
Activities on-site don’t always go as planned and if it’s a large site, it can especially difficult for managers and other interested personnel to determine the location of their workers, tools, and vehicles. Thanks to a drone’s ability to be operated remotely, they can provide managers with a birds-eye view of the whole site, as it flies around to each individual area. That way, they can gain a better understanding and awareness of exactly where everything is.
Drones, therefore, have many uses for the construction industry from security to locating specific tools or vehicles, to laser-scanning features, all in 4K HD video. Maybe drones will become the future of not just the construction industry but many others, too.