nPlan is a London-based company which utilizes deep learning for its software that aids clients in the construction industry with understanding the performance of construction projects and learning from the outcomes of past projects. The software can output an overview of a company's project risk profile and identify weaknesses in project plans.The target audience for the product is project owners, insurers, financiers, and governments.
The company's product can accumulate a great amount of data that is relevant to the industry, such as schedule tasks, via machine learning. The database contains relevant information from 18 multinational construction companies. The software makes connections between task performance and schedule adherence in order to create predictions. Its target information to be conveyed to the client is why a project is delayed and why it is over budget. The company hopes that the software aids construction entities with successfully completing infrastructure projects.
How nPlan uses machine learning to solve construction's biggest problem in 2019
January 2, 2019
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- CompanyA company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
- Machine learningA field of computer science enabling computers to learn.
- Cluster: Artificial intelligenceA cluster of topics related to artificial intelligence.