WASHINGTON, Jan. 21, 2020 /PRNewswire-PRWeb/ -- Pype, a leading software-as-a-service (SaaS) construction tech company, has introduced SmartPlans, a revolutionary platform that employs artificial intelligence (AI) and machine learning to analyze project drawings and extract contract compliance items.
Compiling critical project compliance data found on drawings is a vital step in the planning process. If requirements are missed, projects incur unforeseen costs and completion is often delayed, exposing contractors to risk.
SmartPlans' computer vision and machine learning technology reads and analyzes PDF drawings that have been uploaded to identify and extract submittals. The system also allows users to easily export product, equipment, and finish schedules to expedite their procurement log and precon planning. This automation serves a second purpose, one at the heart of a contractor's bottom line: project risk mitigation. Built on an advanced AI engine, SmartPlans compares these captured requirements to those from millions of data points in its cloud, identifying and alerting users of potentially missing critical requirements.
"It's quite common that not all submittal requirements are called out on construction drawings," said Sunil Dorairajan, Pype's CEO and co-founder. "By identifying all requirements and deliverables up front, we're helping to eliminate a major source of project delays. We use AI to identify traditionally required items for specific scopes of work based on years of project data Pype has analyzed. SmartPlans' is taking potential litigation issues out of the courtroom and resolving them in the meeting room."
A Project Manager from a top 50 ENR contractor provided feedback during the beta phase of SmartPlans' development and said, "SmartPlans doesn't just help in bidding and other precon work; it's a solution that I see my team using on a daily basis during the construction phase as well."
"Tackling unstructured data in construction drawings was a major challenge for our engineering and data science teams," said Karuna Ammireddy, Pype's CTO and co-founder. "The SmartPlans platform is an evolutionary jump for our technology and represents the use of cutting-edge engineering to solve a real-world problem. We used five years of project data to build and train our AI engine to surface actionable project insights."
"Artificial intelligence and automation are transforming industries like construction," Ammireddy continues. "By being at the forefront of this technological breakthrough for construction documents and data analysis, we're seeing a more proactive approach to project planning that tremendously benefits contractors."
Pype currently works with over 40% of the ENR Top 400 companies and has been helping contractors dig deeper into project requirements since 2014. Their enterprise-grade software solutions have become a staple in contract compliance and risk management.
To learn more about Pype and its suite of software solutions for the construction industry, please visit https://pype.io/ or call (866) 531-7973.
Pype is the construction industry's first SaaS provider for submittal log management and project closeout. By using patented AI and machine-learning algorithms, our platforms liberate project teams from error-prone spreadsheet workflows and ensure contract compliance from precon through closeout. These cutting-edge solutions present unprecedented insights on spec and closeout data to help teams extract actionable information from specifications and plans to close communication gaps between design, construction, and operations teams. Over 40% of the ENR top 400 use AutoSpecs and Closeout on projects coast-to-coast to provide a higher level of quality assurance, efficiency, and risk management using Pype's exceptionally accurate and richly integrated software technology. For more information, visit https://pype.io or call (866) 531-7973.