Page 23 - PROCORE PR REPORT - JUNE 2024

7/5/24, 11:06 AM Procore Transforms the Construction Industry with Innovative Technology for Project Success
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.

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.

Procore 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 its innovative solutions. Procore will continue to
promote the rapid integration of technology in construction, while also sharing key insights

that have the potential to fundamentally change the way that cities are built in the future.

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