Page 12 - PROCORE PR REPORT - JUNE 2024

the construction industry, including quicker decision-making, prompt data interpretation, and

have a better visibility and control over the productivity and profitability.

He also discussed the use of predictive analytics, which enables businesses to precisely

forecast and assign tasks to contractors based on previously recorded data, and the growing
applications of AI to complete tasks and queries more quickly, obtain information, boost

productivity, and enhance operational performance.

Several industry leaders recognized the value technologies add to their businesses and

Procore was mentioned as one of the most advanced solutions for the construction sector.

Roger Wahl, Chief Technology Officer at Innovo Group, highlighted the transformative impact

of Procore software, emphasizing its connected data environment and its role in enhancing

project management, communication, transparency, data-driven decision-making, and
adaptation to industry disruption. Additionally, Faik Haddadin, Senior Projects Director at

Emaar, highlighted the key benefits of incorporating AI technology, focusing on how it fosters

transparency among client, contractor, and consultant, thereby ensuring project success.

CTF is the region's biggest ConTech event and was co-located with Property Technology

Confex with the aim of connecting the entire value chain and accelerating technological

adoption across all disciplines of construction. With the primary agenda focusing on

technology for climate and decarbonisation, viability and competitive edge, well-being, and
social agenda, as well as productivity and performance, CTF sought to advance digitalisation

across all aspects of operations. This year's CTF also provided real-world examples and

actionable insights into the implementation of the latest technologies such as Digital Twins,
Virtual Construction, Metaverse, AI, IOT, PMIS, ERP, Cloud, RPA, Offsite Manufacturing, Lean

Construction, BIM, and much more.

Procore's participation in this renowned event demonstrates its dedication to remaining at

the forefront of technological advancements and digitalisation, especially at a time when the
construction industry is going through a significant transition. Through such active efforts,