Alice Technologies CEO René Morkos is using AI to save time and money in the construction industry - San Francisco Business Times

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René Morkos fled war as a kid and chose to work in it as an adult. Now he wants to cut costs and save time in the trillion dollar construction sector with his company Alice Technoliogies.

When René Morkos was 22 he spent a year in Afghanistan, working as an engineering project manager at the height of the so-called war on terror. Witnessing death on a regular basis forced him to consider his own mortality and place in the world.

“The thing that I realized was if you’re here for such a short period of time it really changes what you think is valuable,” he says. “The ability to create a positive impact around me was, was really, really super important.”The premise behind Alice Technologies is simple, artificial intelligence-powered modeling software could help the construction industry save time and money.

“Our technology reduces the cost of construction, labor and equipment cost by about 13% and then durations by 17%,” Morkos says. In a multi-trillion dollar global industry such savings would be significant. The construction industry is in the early stages of a digital trans-formation, Morkos says, the potential for “the world’s first construction optioneering platform” is huge.

Morkos likes to relax by mountaineering. He climbed North America’s tallest peak, the 20,000-foot Denali in Alaska, earlier this year.There’s a lot of ways to build a project. Do you build it with one crane or two cranes? Ten steelworkers or 15 steelworkers? Do you want fast drying concrete or regular concrete? Do you want to do 10 hours a day or do you want to do six days a week at eight hours? What we enable you to do, for once, is to simulate those options. You don’t have to rethink anything.

 

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