It is now possible to deploy artificial intelligence (AI) and the Internet of Things (loT) on cranes to improve the management of construction sites through a partnership between the Montréal-based firm CREO Solutions and Israeli-based Versatile.

A total of $80 million in funding has just been raised to develop the technology behind CraneView, designed by Versatile, which, when mounted under a crane hook, collects continuously thousands of data points using high performance sensors. Once analyzed, this information will streamline decision-making on sites, optimize processes, improve team productivity and construction site safety, prevent delays, and check the condition of materials.

“We believe that facts do not lie, and that using measurable data will make the construction industry’s processes more transparent and efficient,” says Enzo Conte, CEO and co-founder of CREO Solutions.

“Deploying artificial intelligence on construction sites is a logical next step for the improvement of CREO Solutions’ project management services.”

CREO Solutions’ founders, Jean-François Bertrand-Pelletier, and Enzo Conte, together have over 30 years of experience in major urban projects such as the City of Québec’s Tramway and the CHUM. Starting 2010, they were among the first in Quebec to use cloud-based collaborative platforms and to implement recognized project management best practices. CREO Solutions is composed of 20 experts who support companies with optimizing their operations by analyzing their data.

“The construction industry is innovative, forward-thinking, and worthy of the world’s leading technology investment,” said Meirav Oren, CEO and co‑founder of Versatile.

Featured image: Deploying artificial intelligence on construction sites takes less than a minute with CREO Solutions and Versatile’s CraneView technology. (CNW Group/CREO Solutions)

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