Galorath Unveils First Generative AI Solution for Cost Estimation

Author: Hannah Lewis Updated: 09-12-2024 05:24 AM

Galorath Unveils Groundbreaking AI Technology

Galorath, a leader in digital engineering solutions, has recently announced its first generative AI solution designed specifically for cost and project estimation professionals. This innovative technology, known as SEERai, will be showcased at the 2024 SCAF/ICEAA International Training Symposium. The event will take place over two days of engaging sessions where industry leaders gather to discuss advancements in cost analysis.

Focus on The Future of Cost Estimation

During the symposium, Galorath’s CMO, Charles Orlando, is set to deliver a keynote presentation titled "Harnessing AI for Cost Estimation." This talk will illustrate how AI has the potential to transform decision-making processes by integrating effective project management strategies with comprehensive, vetted data. The aim is to enhance speed to market and optimize revenue opportunities across various sectors.

Understanding the Impact of AI in Cost Estimation

Orlando highlights that while the integration of AI into cost estimation is still in its early stages, it is essential for organizations to maintain a long-term vision. By embracing generative AI technologies, companies can expect to enhance project viability, expedite processes, and improve profitability. SEERai is just the starting point in a broader AI Strategic Initiative that Galorath is rolling out.

Showcasing SEERai at the International Training Symposium

SEERai brings a unique set of capabilities that allow digital engineers and project managers to leverage past project data more effectively. Built upon the robust architecture of the SEER® Cost Estimation Platform, SEERai not only facilitates access to historical data but also empowers users to utilize natural language for generating actionable project insights quickly.

What Attendees Can Expect

Participants will gain invaluable knowledge about current trends in AI technology relevant to cost, project, and risk estimation. Discussions will explore not only the advancements but also concerns surrounding AI, such as inaccuracies and biases, allowing for a comprehensive understanding of the landscape. Key takeaways will include:

Current state and future trends in AI applications for cost estimation
A deep dive into challenges related to AI, including its limitations and potential inaccuracies
Insights into the critical role of data quality in decision-making processes
New benchmarks that AI is setting in cost modeling and analysis
Live demonstrations showcasing the capabilities of SEERai and its application in real-world scenarios

About Galorath and SEERai

Galorath has been at the forefront of cost estimation and analysis for over four decades, making a significant impact in various industries, including aerospace, manufacturing, and IT. The company’s flagship product, SEER®, is trusted by numerous renowned organizations worldwide for its robust configuration and reliability.

SEERai distinguishes itself within the industry as the first dedicated generative AI solution for cost estimation. By leveraging decades of proprietary data and advanced algorithms, SEERai empowers professionals to create precise and informed project estimates. From generating work breakdown structures to providing tailored outputs, SEERai meets the diverse needs of the modern engineering landscape.

Frequently Asked Questions

What is SEERai?

SEERai is Galorath's first generative AI solution for cost estimation, providing users with advanced tools for project analysis and decision-making.

When will SEERai be showcased?

SEERai will be highlighted during the 2024 SCAF/ICEAA International Training Symposium, scheduled for September 19-20.

Who is leading the keynote presentation?

Charles Orlando, the Chief Marketing Officer of Galorath, will lead the keynote presentation titled "Harnessing AI for Cost Estimation."

What industries can benefit from SEERai?

SEERai is designed to assist various sectors, including IT, software, aerospace, manufacturing, and military, enhancing project planning and estimation accuracy.

What is the importance of AI in cost estimation?

AI facilitates faster, data-driven insights that allow organizations to make more informed decisions, improving overall project outcomes and profitability.

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