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.
What is Strabag SE's approach to risk management?
Strabag SE has developed an AI-based risk management solution that uses an algorithm to assess potential risks in construction projects. By analyzing data from previous projects, the solution can predict risks with up to 80% accuracy after just three months of data collection. This helps the company identify at-risk projects early, saving time and reducing financial losses.
How has Strabag SE partnered with Microsoft?
Strabag SE partnered with Microsoft to create a Data Science Hub that centralizes data from various sources. Microsoft provided guidance throughout the process, helping Strabag SE implement the Microsoft Intelligent Data Platform and develop a strategy to address their digital priorities. This collaboration has enabled Strabag SE to leverage data insights for improved operational efficiency.
What challenges does Strabag SE face in digitalization?
Strabag SE faces challenges related to the traditional nature of the construction industry, including decentralized data management and employee anxiety about new technologies. The company is working to reshape its culture around data sharing and innovation, aiming to empower employees to embrace technology as a tool to enhance their work rather than replace it.