Doxel Awarded 2021 Artificial Intelligence…
Doxels real-time project controls platform earned a 2021 best solution award from Artificial Intelligence Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, and products in the global Artificial Intelligence (AI) market, the company announced today.
Judges for the award program choose the most innovative solutions and companies that address a true need, solve a complex or critical problem, or seize an opportunity and create or revolutionize a new market or industry.
Doxel is on a mission to make every construction project as successful as it can be, addressing the unique constraints inherent in each build, Doxel testified in its successful award submission for the 2021 AI Breakthrough – Best Solution in Engineering Award. Today, major construction projects are hampered by massive knowledge silos across project teams, due to unstructured data and a lack of clear visibility. Doxel tears down those silos and empowers teams with a comprehensive view of their project and its data. Doxels platform uses breakthrough computer vision technology that contextualizes the projects progress against the projects Building Information Model, Budget, Schedule, and Pay Application Data. Empowered with timely, accurate insights, project executives can make cost-saving, well-informed decisions for their project every time.
Doxels construction industry clients are experiencing a dramatic paradigm shift, shedding the frustration of multi-million dollar delays and errors that were largely unavoidable prior to their deployment of the Doxel platform, said Saurabh Ladha, co-founder and CEO of Doxel. As the judges of AI Breakthrough recognize with this award, truly revolutionary AI technology is having a transformative impact on industries that embrace its advances — certainly something that Doxel is achieving in the construction industry.
Doxels real-time project controls solution for the construction industry provides both predictability and control to building owners, potentially saving tens of millions of dollars in costly delays and cost overruns on construction projects. Beyond cost overruns, the loss of revenue associated with buildings not being available for use is exponentially disastrous. The Doxel platforms core differentiator is its ability to provide objective data in real-time that is contextualized for strategic goals, making Doxels platform the only solution offering real project control and predictability in the market today.
In the $12 trillion construction industry, more than 90 percent of large projects are 80 percent over budget and over 20 months behind schedule, according to Doxels award submission. Beyond cost overruns, the loss of revenue associated with buildings not being available for use is exponentially disastrous. As the global construction industry continues its bounce-back from the global pandemic, building owners and contractors need a solution that gives them the predictability and control to keep projects on track.
The AI Breakthrough Awards program is the premier awards and recognition platform founded to recognize artificial intelligence-related technology innovators, leaders, and visionaries from around the world. With several thousand applicants annually, this awards program honors AI excellence, innovation, and success in a range of AI and machine learning-related categories, including AI and Machine Learning Platforms, Smart Robotics, Business Intelligence and Analytics, Natural Language Processing, industry-specific AI applications, and many more.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies, and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics, and more. For more information visit AIBreakthroughAwards.com.
Doxel leverages the first computer-vision-powered predictive analytics project controls solution for the construction industry. By integrating into existing digital assets such as Building Information Modeling (BIM), Schedule, and Budget, Doxel empowers decision-makers with timely warnings on potential schedule delays, cost overruns, and quality issues which enables owners and General Contractors to increase control over outcomes and deliver projects with higher predictability. Founded in 2016, Doxel is headquartered in Redwood City, CA. Learn more at www.doxel.ai. For more information on available positions at Doxel, interested applicants can visit the companys careers page.
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