Stay ahead of the game with the Intelligent Document Process Automation
Historically, the infrastructure sector has slacked in its reception of new innovation. That pattern is evolving, in any case, with new-age organizations moving towards digital solutions to solve project difficulties and improve results. A great deal of that venture is occurring explicitly around AI, with an ongoing report forecasting the organizations spending more than four billion dollars in AI by 2026.
Construction projects are intrinsically mind boggling, with loads of moving parts. While there is a judgement that the emphasis ought to be on execution, actually venture achievement is in increasingly reliant on foolproof systems which is accurate, fast & economical . This is a territory where AI is having a noteworthy effect.
Botminds AI identifies the red-flag clauses that need critical examination & quantifies risks in 1000s of pages of tender documents to make a bid decision.
Botminds AI offers holistic and intelligent BOM generating solutions to swiftly evaluate millions of parts to improve order accuracy, save time and increase confidence in the purchase.
On an average 350 man hours were spent by tender analysts in a leading construction company to quantify risks in 1000s of pages of tender documents. Analysts need to decide whether to bid, analyse the risks involved, and identify key red-flag clauses that need critical examination.
Different document formats – predominantly scanned image documents need processing. The risk matrix used to evaluate this is very specific to the company/business unit. Seemingly good terms in the original document may have turned highly risky in subsequent amendments.
A reliable way to handle multiple documents and track changes in the clauses in amendments is required. Business sensitive tender documents are not always public and hence cannot be shared outside the company network.
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