ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Procore Revolutionizes Construction Workflows with Innovative AI-Powered Copilot

Procore Copilot will help customers make the next best decision by leveraging advanced artificial intelligence technology, powered by the Procore Platform.

Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Procore Copilot, a new artificial intelligence-powered conversational and predictive experience that will provide customers the ability to automate time intensive, manual processes across the Procore Platform.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230919185905/en/

Procore Copilot will help customers make the next best decision by leveraging advanced artificial intelligence technology, powered by the Procore Platform. (Graphic: Business Wire)

Procore Copilot will help customers make the next best decision by leveraging advanced artificial intelligence technology, powered by the Procore Platform. (Graphic: Business Wire)

“The true advantage of connecting all construction stakeholders on a global platform lies in the power of connected data,” said Tooey Courtemanche, Founder and CEO of Procore. “By leveraging artificial intelligence, we’re able to reflect this data back to our customers in the form of valuable insights to not only help them solve issues quickly, but to anticipate them before they happen.”

The introduction of Procore Copilot underscores the industry’s high demand for technology that can cut down on manual tasks and streamline arduous workflows. According to the 2023 How We Build Now Report, 28% of total project time is spent on rework, while 18% of project time is spent searching for data, significantly impacting project performance.

Procore Copilot will work in the background to flag important information and help customers operate in a more proactive and productive manner, all while running on data from within the Procore Platform. Procore Copilot acts as an extension of the project team, and can quickly search and surface information securely on web or mobile. And, two of the construction industry’s most trusted technological partners, Procore and Microsoft, are working together to extend the power of Procore Copilot enabled by Microsoft Azure OpenAI Service, into the Microsoft products Procore’s customers use every day.

“The complexity and precision required by today’s builders demand the right mix of trusted technology,” said Jessica Hawk, Corporate Vice President Data, AI, and Digital Applications Product Marketing, Microsoft. “Microsoft and Procore are working together to supercharge construction data and workflows to help enable seamless project management from initial design through final handover.”

Procore Copilot is currently under development and functionality will be rolling out in beta over the coming year.

To learn more about how Procore is revolutionizing construction workflows with AI, register for Groundbreak Live.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) creates software for people who build the world. With a focus on providing timely and accurate data for all, Procore transforms the construction industry one project at a time - from hospitals and skyscrapers to airports and stadiums. Beyond its connected, innovative technology, Procore empowers the industry and its communities through Procore.org. For more information, visit www.procore.com.

PROCORE-IR

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.