Monday, August 14, 2023
Strabag SE builds a risk management solution to improve efficiency using Microsoft Intelligent Data Platform
Strabag SE, a global construction company, has partnered with Microsoft to drive digitalization and innovation in the construction industry. Recognizing the need for operational efficiencies through data, Strabag built a Data Science Hub in collaboration with Microsoft. This central entity enabled them to collect and leverage decentralized data for valuable insights.
One notable success is their AI-based risk management solution, which uses algorithms to identify at-risk construction projects. By predicting potential failures, Strabag saves time and reduces financial losses. The algorithm has achieved an impressive 80% accuracy in risk prediction with just three months of data.
Through Microsoft's Intelligent Data Platform, Strabag established a centralized system to connect and analyze data from various sources. This paved the way for developing use cases to improve operational efficiency and reduce costs globally.
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