Ever wish you could peer into the future and see which projects are likely to go over budget, so you can address issues before they happen? Innovative construction companies are using artificial intelligence, automation and predictive analytics in construction accounting to do just that.
New applications can parse and present data to aid decision-making and make important information readily available. This level of automation and artificial intelligence (AI) is especially valuable in sectors like construction, where cash flow is crucial, leverage must be closely monitored and spending and profitability must be tracked on a project-by-project basis.