TechsterHub
  • Home
  • About Us
  • News
  • Techsterhub Radar
    • AI Radar
    • B2B Insights
    • Cloud Radar
    • Marketing Radar
    • Tech Radar
    • Workforce Solutions
  • Resources
  • Contact Us
No Result
View All Result
  • Home
  • About Us
  • News
  • Techsterhub Radar
    • AI Radar
    • B2B Insights
    • Cloud Radar
    • Marketing Radar
    • Tech Radar
    • Workforce Solutions
  • Resources
  • Contact Us
No Result
View All Result
Join Us
Home News

Prediction Tool for the Greyfly.ai Project Proves to Be More Accurate Than Humans

by techsterhub bureau
February 8, 2023
Prediction Tool for the Greyfly.ai Project Proves to Be More Accurate Than Humans
Share On LinkedinShare on TwitterShare on Telegram

A startup called greyfly.ai, which offers delivery intelligence to boost project performance, has revealed that its Intelligent Project Prediction (IPP) technology outperforms human project managers in foretelling project outcomes and spotting underlying hazards. It has been discovered that the tool can yield capital savings of up to 20% by using artificial intelligence (AI) and a few data points to create predictions. This may help organizations choose the initiatives they should pursue more wisely and save time for executives.

The largest professional organization for projects (PMI, 2021) reports that project performance hasn’t improved, with at least 35% of projects on average falling behind schedule, over budget, or experiencing scope creep. This is highlighted when projects get larger and more complex. According to the government’s Infrastructure and Projects Authority annual report 2021 on major projects, 135 (or 73% of the 184 projects with a total cost of £542 billion) were classified as Red or Amber (where there are at least significant issues), and data indicates that the situation is getting worse.

Research indicates that AI use will rise, and according to APM (2022), another project professional group, 76% of survey respondents said they will use AI to analyze the vast amounts of data in complicated projects to aid in project decision-making.

Greyfly.ai is utilizing AI to raise the probability that projects will be successfully completed. Even in situations where a project has not even begun, IPP ingests project data to forecast future project performance. The system is independent of the tools a business currently employs and collects information from several sources. After data preparation, it is sent to the AI analytics engine where machine learning algorithms and predictive analytics are used to uncover hidden patterns, explain future performance, and identify potential dangers.

IPP and the use of machine learning may be the answer to help leaders boost performance if a firm with a big portfolio experiences uneven project costs and delivery.

The first step in implementing AI in project management is to evaluate the data and its predictive power. Lloyd Skinner, CEO, of greyfly.ai stated, “Data benchmarking can be undertaken swiftly and surprisingly few data points are required to enable prediction with relatively high levels of confidence”.

 

    Full Name*

    Business Email*

    Related Posts

    Orderfox Collaborates with Microsoft to Innovate Market Intelligence
    News

    Orderfox Collaborates with Microsoft to Innovate Market Intelligence

    May 16, 2025
    Cisco Launches Strategic AI Initiatives in the Middle East
    News

    Cisco Launches Strategic AI Initiatives in the Middle East

    May 16, 2025
    Enterprise Email Gets an AI Upgrade with eYou
    News

    Enterprise Email Gets an AI Upgrade with eYou

    May 16, 2025
    Please login to join discussion

    Recent Posts

    Orderfox Collaborates with Microsoft to Innovate Market Intelligence

    Orderfox Collaborates with Microsoft to Innovate Market Intelligence

    May 16, 2025
    Cisco Launches Strategic AI Initiatives in the Middle East

    Cisco Launches Strategic AI Initiatives in the Middle East

    May 16, 2025
    Enterprise Email Gets an AI Upgrade with eYou

    Enterprise Email Gets an AI Upgrade with eYou

    May 16, 2025
    New AI Hub from TrusTrace Transforms Traceability

    New AI Hub from TrusTrace Transforms Traceability

    May 16, 2025
    China's H3C Warns of Nvidia AI Chip Shortage Amid Surging Demand

    China’s H3C Warns of Nvidia AI Chip Shortage Amid Surging Demand

    March 27, 2025
    TechsterHub

    © 2025 TechsterHub. All Rights Reserved.

    Navigate Site

    • Privacy Policy
    • Cookie Policy
    • California Policy
    • Opt Out Form
    • Subscribe
    • Unsubscribe

    Follow Us

    • Login
    • Sign Up
    Forgot Password?
    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
    body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
    No Result
    View All Result
    • Home
    • About Us
    • News
    • Techsterhub Radar
      • AI Radar
      • B2B Insights
      • Cloud Radar
      • Marketing Radar
      • Tech Radar
      • Workforce Solutions
    • Resources
    • Contact Us

    © 2025 TechsterHub. All Rights Reserved.

    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?