Mytek launches new AI-based platform to help contractors deliver infra projects on time
Mytek Innovations has launched a first-of-its-kind digital platform that uses open artificial intelligence (AI) tools to help contractors deliver infrastructure projects on time. This AI-enabled platform can analyze the input cost required to complete a project and auto-generate a detailed, milestone-wise plan to complete the project on time and reduce completion cost by 10-12%. Contractors and subcontractors can use this platform to plan rapidly and begin work without delays. Additionally, once registered on Mytek’s contactor app, contractors can apply for funding to execute the project.
“Today, delays and budget overruns are commonplace in infrastructure projects. Mytek’s platform will be a powerful tool for contractors and subcontractors all around the country that helps contractors save costs and deliver projects on time. We are using the latest technologies to not only revolutionize project planning but also democratize it,” said Shivkumar Borade, founder and chief managing director of Mytek Innovations.
During execution, contractors can easily compare the sales cost and the actual cost incurred for each activity as well as for the overall project. This will help track expenses in real-time and improve resource utilization.
By leveraging AI tools, Mytek’s platform offers better features than traditional project planning tools that can take up to seven days to build a project plan from scratch. Mytek’s platform helps contractors create a customized project plan instantly and allows for editing the plan as and
