ChatGPT, an Artificial Intelligence-driven online tool, eases people’s lives in just one click–from solving mathematical problems to baking cookies and cupcakes. Due to the intensive and concentrated attention it received, its popularity skyrocketed among students and professionals. However, this AI tool is not omniscient. Its limitations stop users from utilizing its utmost capabilities, especially if you are an owner of a construction company eyeing to thrive during these trying times. Thus, having construction software specifically tailored to assist contractors in having profitable and smooth-sailing construction projects is a must.
Across the realm of AI, thousands of construction management software already exist; however, only a few offer ease of use and profit management.
Among numerous choices, Artificial Intelligence Meets Human Intelligence (AIMHI) is one of the go-tos. This software aims to help construction companies and contractors to increase their profitability by up to five to 10 percent and solve long-standing construction issues. To know more about AIMHI, below are the four ways it helps your construction business generate money.
4 Ways AIMHI Helps Your Business Make More Money
1. AIMHI helps you save time by monitoring your costs
Artificial intelligence (AI) can transform how construction organizations approach measurement and estimating operations. Construction organizations may use AI-powered solutions to expedite their estimate process, minimize the possibility of human mistakes, and save time.
2. AIMHI helps with project coordination
Project Coordination and Communication
Communication is one of the key factors for guaranteed success in the construction business, especially when it comes to crucial transactions and monitoring of employees. However, miscommunication creates a ripple effect that will affect vital aspects of construction projects; thus, it is one of the long-standing issues AIMHI aims to address.
Moreover, AIMHI enables you to manage the staff involved in your construction project, from on-site staff to back-office employees. Any major–even minor–changes can positively or negatively alter the course of the project. Therefore, disseminating updated information through immediate communication is essential to mitigate these instances.
3. AIMHI Vital Features
Here’s a look at the platform’s most essential features.
The dashboard of AIMHI is a powerful feature that offers a comprehensive overview of key metrics and financial information about construction projects.
The metric usage feature provides a detailed project performance analysis and allows stakeholders to track progress and make data-driven decisions.
The cost and expense summary feature offers a bird’s-eye view of all project-related expenses, ensuring that stakeholders are always aware of the financial health of their projects. Additionally, the dashboard allows users to easily view the top and bottom-earning projects, identifying areas for improvement and optimizing their resources.
Finally, the dashboard provides regular updates to contractors and construction firms, informing them of any changes or developments that may impact their work.
Overall, the AIMHI dashboard is a powerful tool that provides stakeholders with the information they need to make informed decisions and ensure the success of their construction projects.
The finance module of AIMHI is a critical component of the platform, providing users with a comprehensive view of project finances. The cash summary feature provides an overview of all cash inflows and outflows, ensuring stakeholders are always aware of their current financial position.
The budget versus actual cost feature allows users to compare their actual spending against their budget, providing insights into where resources are used most effectively and where there may be opportunities to optimize spending. The breakdown of cost and expense summary feature provides a detailed analysis of project-related expenses, allowing stakeholders to understand the factors driving their costs and identify areas for improvement.
The importance of these features must be considered; project finances are a critical aspect of construction management. Access to accurate and up-to-date financial information is necessary for stakeholders to make informed decisions.
The finance module of AIMHI helps ensure stakeholders have the insights they need to manage project finances effectively, reduce costs, and optimize their resources, ultimately leading to more successful construction projects.
The scheduling module of AIMHI is a powerful tool that allows construction project managers to track progress and easily stay on top of project timelines. With daily, weekly, and monthly views of schedules, stakeholders can quickly understand how the project is progressing and identify any potential delays or issues.
The progress tracking feature allows users to see how much work has been completed and how much is left, providing insights into the project’s overall health.
Also, the days required for the construction feature provide stakeholders with a clear understanding of how long each task or phase of the project will take, allowing them to plan resources and allocate budgets accordingly.
It must be emphasized more how crucial these features are, as delays and scheduling problems can result in missed deadlines and higher expenses. The schedule module of AIMHI allows construction project managers to effectively manage project timelines, mitigate delays, and guarantee the success of their projects.
The project module of AIMHI is an essential component that offers a comprehensive overview of the construction project. With different tabs, stakeholders can easily access critical information about the project, ensuring they stay on top of progress and issues.
The overview tab provides a bird’s-eye view of project information, including estimate vs. actual cost, helping stakeholders understand the project’s financial health.
The estimate tab is where the planning team is responsible for inputting information, allowing them to develop and adjust the project plan based on data insights.
The scope of work tab allows engineers to prioritize tasks based on their significance and status, indicating whether a task is complete or incomplete and its percentage completion.
Moreover, the delayed and under-budget tab helps stakeholders identify potential issues and provides insights into mitigating them. The platform’s ability to notify contractors about the “next best activity recommendation” ensures that everyone is aware of what to do next, reducing delays and ultimately leading to the successful completion of the project.
In addition to the existing tabs, AIMHI’s project module features several additional tabs that provide stakeholders with a more comprehensive view of the construction project.
The equipment tab enables construction teams to request fuel and construction equipment through a purchase request form, ensuring they have the necessary resources to complete their tasks on time.
The team tab allows project managers to input all the personnel and their roles, ensuring that the team is appropriately staffed and tasks are allocated efficiently. This tab also provides valuable information about manpower, helping project managers plan for future projects.
The report tab is another critical component, allowing stakeholders to track SWA (Statement of Work Accomplished), site visits, mileage and fuel usage, and ad hoc focus areas. This tab also enables stakeholders to communicate via messages, eliminating the need for separate communication channels like Viber or Messenger.
The additional tabs in AIMHI’s project module ensure stakeholders have a comprehensive understanding of project resources, personnel, and progress, making tracking performance, mitigating risks, and ensuring the project’s success easier.
The project module of AIMHI is critical to ensuring that construction projects are completed on time, within budget, and to the satisfaction of all stakeholders.
4. AIMHI aims high!
After securing the financial grant from the Department of Science and Technology-Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD) and Accenture amounting to P4.3-million, the Artificial Intelligence Meets Human Intelligence (AIMHI) enters a transformative era, as they now boast a cutting-edge suite of AI features in the next few months.
Among these are the revolutionary Predictive AI and Prescriptive AI capabilities, which have allowed the organization to take a significant step forward in profit, schedule, and resource allocation forecasting.
The benefits of these advancements are manifold, with AIMHI now able to effectively anticipate market trends and consumer behavior. This, in turn, empowers them to make data-driven decisions that maximize profitability while minimizing wastage.
The Predictive AI feature, for instance, has proven invaluable in analyzing consumer data to predict demand and identify areas where AIMHI can optimize its operations.
The Prescriptive AI feature, on the other hand, has been essential in providing recommendations on the best ways to allocate resources, be it optimizing staff schedules or inventory management. These new tools have elevated AIMHI’s capabilities, allowing them to stay ahead of the competition while delivering optimal client outcomes.
ChatGPT is the 21st-century version of a simple machine–inclined plane, lever, wedge, wheel and axle, pulley, and screw–that aims to make people’s lives easier. However, this seemingly all-knowing AI system has limitations, which might baffle its users. Hence, if you own a construction company aiming to increase profitability and boost performance, you must acquire an AI-driven construction management system such as AIMHI.
Book a demo to learn how AIMHI can increase your profit by 5 to 10 percent.