InEight has launched risk management solution Basis, which uses AI to trawl vast amounts of historical data and combines it with human intelligence to offer greater insights into potential schedule and budgetary project risks. The company is also working on a new product called the “Risk Management Engine,” which will allow companies to use artificial intelligence, machine learning and analytics to predict future risks in their business operations.
InEight has launched risk management solution Basis, which uses AI to trawl vast amounts of historical data and combines it with human intelligence to offer greater insights into potential schedule and budgetary project risks. InEight said Basis can reduce feedback gathering time within the oil and gas industry by 75% and schedule building by 40%.