Hyderabad Startup Uses AI to Cut Construction Delays & Costs
The construction industry is known for its inefficiencies, with delays and cost overruns being a major concern for both contractors and clients. However, a Hyderabad-based startup is changing the game with its innovative use of artificial intelligence (AI) to streamline the construction process.
ProcureX, a startup co-founded by Aravind Maroju, Narsi Reddy, Thej Kiran, and Bharath Reddy, has launched a one-stop solution for material sourcing, project oversight, and planning. With a focus on cutting costs and maximizing efficiency, ProcureX is poised to revolutionize the construction sector.
Launched on May 9, 2024, ProcureX has already onboarded 10 companies and 150 suppliers, with plans to expand its operations to Dubai and Saudi Arabia soon. The startup’s AI-powered platform uses machine learning algorithms to analyze data from various sources, including construction plans, material requirements, and supplier information.
By leveraging this data, ProcureX’s platform provides real-time insights and recommendations to construction project managers, enabling them to make informed decisions quickly. This not only reduces the likelihood of delays but also helps to minimize costs.
One of the primary challenges faced by construction projects is material sourcing. With ProcureX, contractors can easily source materials from a network of verified suppliers, ensuring that they get the best deals and avoid the risk of delays due to material shortages.
The platform also provides a centralized project management system, allowing construction teams to track progress, identify potential issues, and make adjustments on the fly. This ensures that projects stay on schedule and within budget, reducing the risk of costly delays and overruns.
ProcureX’s AI-powered platform is designed to be user-friendly, with an intuitive interface that makes it easy for construction professionals to access the information they need. The platform is also scalable, allowing it to adapt to the needs of construction projects of all sizes.
The benefits of ProcureX’s platform are numerous. By reducing delays and costs, construction projects can be completed more efficiently, which means that contractors can focus on delivering high-quality results rather than fighting fires. Clients, on the other hand, can enjoy faster project completion times and reduced costs.
The startup’s success is a testament to the power of innovation in the construction industry. By embracing AI and machine learning, ProcureX is helping to transform the way construction projects are managed, from planning and execution to delivery and completion.
As the startup looks to expand its operations to Dubai and Saudi Arabia, it is well-positioned to make a significant impact on the construction industry in the Middle East. With its AI-powered platform, ProcureX is set to revolutionize the way construction projects are managed, cutting costs and maximizing efficiency for contractors and clients alike.
In a recent interview, Aravind Maroju, one of the co-founders of ProcureX, said, “Our goal is to make construction projects more efficient and cost-effective. By leveraging AI and machine learning, we are able to provide real-time insights and recommendations that help construction project managers make informed decisions quickly. We believe that our platform has the potential to transform the construction industry, and we are excited to bring it to the Middle East.”
As the construction industry continues to evolve, it is clear that innovation will play a key role in shaping its future. With ProcureX, Hyderabad is leading the way, showcasing the potential of AI and machine learning to transform the construction sector.
