Prophix

Company

Prophix

Year Founded

1987

Application/Product Name

Prophix Software

Application Category

Cost Management

Description of Application

Prophix for construction enables contractors to take control of their profit margins through real-time job cost analysis. This feature allows contractors to track their expenses and revenue in real-time, which helps them make informed decisions about their projects. Prophix uses automation and AI to revolutionize construction finance. The software automates many of the manual processes involved in construction finance, such as data entry and report generation. This allows finance professionals to focus on more strategic tasks.

Description of Ai Component

Ai-Powered Finance Management

Country

State/Provice

City

Mississauga

Website

prophix.com

Contact Email

[email protected]

Contact Phone

9052798711

Recent Articles

AI-Powered Construction Management Part 4 - #3: OBS - Construction Phase

Welcome to the third chapter of our eBook series 'AI-Powered Construction Management Part 4.’ As we embark on this latest chapter, our focus narrows down to a crucial aspect of construction project management: the Organization Breakdown Structure (OBS) during the construction phase. This issue will explore how AI can streamline organization and enhance efficiency in project execution.

OpenAI's o1: When To Use It and When Not

When they first came out, OpenAI's o1 mini and o1 preview were slow and provided unnecessarily long responses. They were, in a word – annoying. Since the initial release, things have changed, and we now have access to the full o1 model (no longer in preview) and even an O1 Pro model. So what does o1 do well?

AI in the News - January 2025

One of the big challenges facing the construction industry is the labor shortage threatening productivity. AI promises to help. One analysis finds application for AI in six key areas, while a provocative story calls for a return to the master builder. "AI has the potential to resolve the complexities of modern construction and rekindle the spirit of the master builder for a new era.”

AI-Powered Construction Management Part 4 - #2: OBS

In this next chapter, we focus on a crucial element of the pre-construction phase: the Organization Breakdown Structure (OBS). A well-planned OBS is the backbone of any project, and during pre-construction, it becomes vital to lay the groundwork for who will manage and execute the project’s various components.

ChatGPT Canvas: Safety Documentation Creation with Real-Time AI Editing

One of the pitfalls of working with generative AI chatbots is the need to continuously navigate back and forth between the chat interface and a document you are working on. However, ChatGPT’s canvas feature lets you interact with and edit documents in real-time.

AI in the News 12/23/24

In the news, Open AI has a puported "game changing" model o3 coming in January, while its ChatGPT 5.0 "Orion" has fallen behind schedule. Google will add a new AI-mode to its search. Greater safety and efficiency is ahead for construction. Also see press releases including Suffolk's use of Boomi and the agreement between Skyline Robotics and Alimak Group, and the release of a couple forecast reports now available.

GPT-4o Image Query and Analysis - A Video Demonstration

In construction management, keeping pace with technological advancements is crucial for achieving efficiency and excellence. Recently, there has been a focus on exploring the capabilities of GPT-4o, utilizing its advanced features to analyze construction sites and optimize project planning with precision. Utilizing GPT-4o's image analysis feature, I captured a snapshot of a building under construction and demonstrate GTP-4o's capabilities.

AI In Construction News - 12/16/24

Our news roundup starts with "How the AI Revolution will influence what we build and how we build it" from MileHighCRE. Catch a local story out of Rochester on AI, drones & robotics, and a case study on leveraging AI for a high-rise residential project in Durham, NC. Also, find a piece on how integration of AI in construction contracts is revolutionizing the legal landscape and a McKinsey report on securing a career in the face of an AI future. Wrap up with a story on partnering for success in data center development.

The Evolution of AI Safety Advice: From Risky to Reliable?

In mid-2023, researchers published a study in Safety Science that examined ChatGPT's (3.5) ability to provide safety advice. The study found numerous issues with the model's responses, including contradictory advice, impractical recommendations, and potentially harmful guidance across nine safety domains. The landscape of AI capabilities has changed dramatically since the publication of that study, so I tested newer models ...

AI-Powered Construction Management Part 4 - #1: Identifying Stakeholders

In this first chapter of Part 4 of our eBook series AI-Powered Construction Management, we examine identification of project stakeholders. Stakeholders, whether internal team members or external entities, play a crucial role in the success of any project. This eBook chapter explores how AI, particularly ChatGPT, can streamline the identification and engagement process to improve project outcomes.

AI Primer: Digital Twin

A digital twin is an exact and dynamic virtual copy of an object in the physical realm. Digital twins are used in manufacturing, aviation, medicine and construction, to name the most common applications. The object of a digital twin may be a component, asset, system or process--a curtain wall panel, an entire building or building complex, or a city plan for construction.

AI Primer: The Internet of Things (IoT)

What is the Internet of Things? A network of physical devices embedded with sensors, software and other technologies that enable them to collect and exchange data over the internet. Devices range from simple sensors to complex industrial machinery. IoT can create a system where physical objects communicate, monitor conditions, automate processes and enhance decision-making through real-time data insights.