A homegrown start-up wants to become the first local company to bring innovation to the construction industry with its artificial intelligence (Al)-driven construction management platform AIMHI (Artificial Intelligence Meets Human Intelligence).
DAVAO CITY—A homegrown start-up wants to become the first local company to bring innovation to the construction industry with its artificial intelligence -driven construction management platform AIMHI .During Wednesday’s news briefer here, Eve co-founder Cherryann Lee Angoy said the technology addresses most construction woes and at the same time ensures a 10-percent profit increase in construction projects.
She said contractors suffer profit losses and delay due to lack or poor cost management, planning, estimation, monitoring, and control, poor risk and resource management, and a host of other problems. She noted that the Philippine construction industry is expected to record a 14.4 percent compound annual growth rate reaching P871.1 billion by 2024.
Despite its promising contribution, she said it is still an industry with a low-profit margin that continues to plummet, not to mention the number of Filipino workers relying on it.