The construction industry is going through a technological revolution with AI and predictive analytics transforming the face of project management. Spearheading this change is Foresight, one of the Bronze Sponsors of the American EPC & Project Management Summit 2024. This article discusses how Foresight manages construction projects and provides insights into the American EPC & Project Management Summit 2024. This is while stressing the importance and urgency of the adoption of new technologies for the EPC industry.
About Foresight
Foresight is changing the face of huge construction projects always running over time and money with its innovative construction project management platform. Foresight makes use of AI, machine learning, and natural language processing. This is to allow project teams to meet their major project commitments on time and within budget.
What makes this tool so powerful is that it automatically reads priorities, risks, and action plans directly in Primavera P6 or Microsoft Project schedule. Such an approach driven by data enables the project manager, controller, and scheduler to make intelligent decisions. As a result, it improves the quality of the overall project execution process.
Moreover, Foresight has an easy-to-use interface. This makes the preparation of ‘proactive look-ahead’ action plans possible. It also encourages active and continuous interaction among members. Additionally, the platform guarantees security and scalability. This is to the point that it can fit easily within the existing project management workflows. As a result, it transforms the planning and execution processes.
Foresight will also have a session led by Dr. Atif Ansar, Co-Founder and Executive Chairman, at the American EPC & Project Management Summit 2024. Titled “Why megaprojects need artificial intelligence? Triumphing over Complexity through Technology” this session will explore the problems of megaproject investments. It will also show how AI and autonomous intelligence can yield productivity growth in the 21st century.
A Peek Into The American EPC & Project Management Summit 2024
The American EPC & Project Management Summit 2024, scheduled for October 24-25 in Houston, TX, is a hallmark event in the industry calendar. It gives a new perspective to the threats and opportunities for which the EPC sector battles today. It also looks forward to bridging the divide between traditional project management practices and the latest technologies that are only emerging.
The agenda of the event covers relevant topics. These include contracting strategies, project delays and disruptions, dispute management and resolution, and EPC contract negotiation. Additionally, discussion topics like claims management, procurement, EPC bid management, and liability clauses can also be expected from the attendees.
Moreover, the event caters to a diverse audience. It includes the C-Level Executives, VPs, Heads, Directors, & also Managers. These are the ones responsible for different aspects of project management. So, the summit discusses all aspects associated with EPC projects from engineering and legal compliance to risk management and sustainability.
The American EPC & Project Management Summit 2024 will combine innovative content, immersive learning experiences, and networking opportunities. This is to bring together a treasure trove of expertise for those professionals who want to stay abreast of industry developments.
To Sum Up
The American EPC & Project Management Summit 2024 will provide an excellent opportunity for practitioners wishing to stay updated with the dynamic setting of the industry. With its participation as a Bronze Sponsor during the event, Foresight will show attendees the possibilities of construction project management brought forth by AI and predictive analytics.
The summit will also have multiple sessions, case studies, and more on learning about all the trends or technologies, and incredible opportunities to partner and be ahead of the competition. So this is an occasion that will be able to help steer the direction of the development of the EPC industry. Meet us in Houston, TX on the 24th – 25th of October for the American EPC & Project Management Summit 2024. Register now!