Mytek Innovations designs AI Platform to deliver Infra projects without delay!

By Team Startupcity  |  Tuesday, 30 April 2024, 11:59 IST

Mytek Innovations designs AI Platform to deliver Infra projects without delay!
Mytek Innovations, an infrastructure startup, has just launched an inventive digital platform to help contractors to complete infrastructure projects on time. By providing detailed, cost-effective, and timely planning solutions, the platform will transform project management by utilizing open artificial intelligence – Open AI tools. 
Mytek's new platform can automatically generate detailed, milestone-based plans to cut project completion costs by 10 to 12 percent by analyzing input costs. The AI-enabled tools empowers project workers & subcontractors to design & begin work, limiting deferrals quickly. 
It also makes it easier for registered Mytek contractor app users to apply for project funding, making operations even simpler.
Expressing his enthusiasm towards the innovations on underscoring the possible challenges in the construction industry, Shivkumar Borade, the Founder & Chief Managing Director of Mytek Innovations, says, “Today, delays and budget overruns are commonplace in infrastructure projects. Mytek’s platform will be a powerful tool for contractors and subcontractors all around the country that helps contractors save costs and deliver projects on time. We are using the latest technologies to not only revolutionize project planning but also democratize it”.
Further he highlighted their vision to restructure the industry by stating, “We envision a future where advanced technology, such as artificial intelligence, drives efficiency, sustainability, and innovation in every aspect of the industry. By providing cutting-edge solutions tailored to the needs of contractors, architects, and the infrastructure sector, we aim to empower professionals to overcome challenges, maximize productivity, and achieve unparalleled success. Our vision is to be at the forefront of this transformation, leading the way to a brighter, more efficient future for the construction industry.” 
The startup is determined to connect the gaps in the divided construction industry, which is estimated at over USD 700 billion, by coordinating critical venture project perspectives like labor force, hardware, tools, technology, materials, & innovation.
Mytek Innovations, which was established in 2020 & has its headquarters in Navi Mumbai, has quickly gained recognition from the Indian government's Ministry of Commerce & Industry. 

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