Page 17 - PROCORE PR REPORT - JUNE 2024

7/4/24, 2:26 PM Procore Transforms The Construction Industry With Innovative Technology For Project Success
to the JLL report, the Kingdom of Saudi Arabia and the United Arab Emirates are leading

the Middle East construction markets with USD1.5 trillion pipeline and $590 billion,
respectively. With this trend, realizing the use of technologies such as digitalization and

predictive analytics empowers stakeholders to streamline operations, make informed

decisions, and optimize resource allocation.

In a recent industry discussion, leaders, project owners, developers, contractors,
consultants, and technology companies convened to exchange and share insights gained

from years of experience and innovative work methodologies. Incorporating cutting-edge

technologies showed notable results in boosting productivity, competitiveness,

profitability, and sustainability.

Tony Harbour, Head of Technology Partnerships, EMEA, Procore, shared his thoughts on
the tangible benefits of digitalisation across all the construction stakeholders. Harbour

outlined examples of the results expected from using technologies in the construction

industry, including quicker decision-making, prompt data interpretation, and having better
visibility and control over productivity and profitability.

Image source: Shutterstock

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.

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