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Local startup seeks to solve construction woes with AI tech

INNOVATING THE CONSTRUCTION INDUSTRY. Cherryann Lee Angoy (in photo), along with her colleagues in Eve (not shown in photo), is set to launch the first artificial intelligence-driven construction management software made by a Mindanao-based tech startup on June 21, 2022. The group aims to revolutionize the construction industry by introducing AI software that aims to improve human work. (PNA photo by Christine Cudis) DAVAO CITY-A homegrown startup 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). AIMHI is a landmark product of Eve on Top (Eve), a Tagum City-based women-led tech startup. During Wednesday's press 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. "AIMHI is d ....

New York , United States , New South Wales , United Kingdom , City Of , New Zealand , Innovating The Construction Industry Cherryann Lee Angoy In Photo , Long With Her Colleagues In Eve Not Shown Photo , S Set To Launch The First Artificial Intelligence Driven Construction Management Software Made Bya Mindanao Based Tech Startup On June 21 , 022 The Group Aims To Revolutionize Construction Industry By Introducing Ai Software That Improve Human Work Pna Photo Christine Cudis Davao Citya Homegrown Startup Wants Become First Local Company Bring Innovation With Its Artificial Intelligence Al Driven Management Platform Aimhi Meets Isa Landmark Product Of Eve On Top , A Tagum City Based Women Led Tech Startup During Wednesday 39s Press Briefer Here , Ve Co Founder Cherryann Lee Angoy Said The Technology Addresses Most Construction Woes And At Same Time Ensuresa 10 Percent Profit Increase In Projects Quot Aimhi Is Developed To Mitigate Long Standing Problems Industry Such As Delayed , Over Budget , Nd Falling Below The Target Profit Margins , Uot Angoy Said As Chief Executive Officer Of The Construction Firm Seckka Empire Builder , Ngoy Said She Has Extensively Explored The Causes Of Most Problems In Sector Contractors Suffer Profit Losses And Delay Due To Lack Or Poor Cost Management , Nd Control , Oor Risk And Resource Management , Nda Host Of Other Problems Quot Project Delay Average Is 20 Percent To 30 While The Overrun 28 , Uot She Said Added Quot Fora 10 Million Project With An End Date Of 9 Months , N Additional Php3 Million In Unnecessary Cost Will Be Incurred Due To Delay And Php2 8 Overrun Quot She Noted That The Philippine Construction Industry Is Expected Recorda 14 4 Percent Compound Annual Growth Rate Cagr Reaching Php871 1 Billion By 2024 2018 , He Growth Rate Of The Construction Industry In Philippines Was About 15 9 Percent And Gross Domestic Product Gdp Share To Total 6 8 Same Year , He Number Of Filipinos In Construction Rose To 4 02 Million Compared 3 55 The Previous Year Despite Its Promising Contribution , He Said It Is Still An Industry Witha Low Profit Margin That Continues To Plummet , Ot To Mention The Number Of Filipino Workers Relying On It Quot Construction Is Among Largest Sector In World Economy , Pending About Usd 10 Trillion On Construction Related Goods And Services Yearly But In The Past 20 Years ,