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Saving lives with AI—can it be that simple? The Swedish company Edsvärd is exploring this in their latest collaboration with the IBM® Client Engineering team through the IBM watsonx™ portfolio of AI products—specifically, the IBM watsonx.ai AI studio and the IBM watsonx.data hybrid, open data lakehouse.
The construction industry is associated with most work-related incidents and deaths. Construction processes are complex and often in traffic-intensive areas such as rail and road infrastructure. Numerous working categories operate in a shared space associated with immense risks, such as high voltage installations, fire hazards and traffic, requiring an orchestral coordination to avoid accidents.
Complex areas come with heavy rules and regulations with the intent to create a healthy and safe workplace, but at the cost of being difficult to interpret and apply in everyday operations. Knowing and doing can be separated from each other, especially when the production speed is high. This can lead to cutting corners and work-related accidents.
A tragic accident affecting a local company sparked Edsvärd to explore if AI combined with its coordination SaaS solution could prevent this from ever happening again due to lack of coordination.
Edsvärd’s SaaS service offers benefits such as:
- Better and clearer division of responsibilities between organizations
- Better basis for long-term planning with a scheduled forecast and circumstances
- Improved measurements of work activities, allowing for comparison to identify best-practise methods.
“BanFast is a real-estate company in Stockholm that has applied Edsvärd’s SaaS and AI solution based on Samporten’s capability to coordinate property maintenance and IBM’s watsonx.ai studio and watsonx.data lakehouse to explore the various business advantages. Using Edsvärd’s AI solution has helped us with improving the way we use technical information in our daily operations and how we can apply a more optimal way for communicating our activities,” says Lars Nylund, CEO at Banfast.
Once the MVP is scaled into production, we anticipate achieving KPIs as realized under present conditions such as:
- > 50% increased work efficiency
- > 80% increase in value creation for the business
- > 50% reduction in time spent looking for information
- > 75% reduction of repetitive administrative tasks like manual data input
IBM Business Partner Edsvärd Hållbarhet (link resides outside of ibm.com) is specialized on digital transformation in the property management and real estate industries. Headquartered in Stockholm, Sweden, Edsvärd Hållbarhet is a consulting company and innovation hub focused on sustainability and long-term efficiency. The company helps its clients to reach their goals with market-leading IBM sustainability reporting solutions.
BanFast Förvaltning (link resides outside of ibm.com) is an innovative real estate company based in Stockholm, Sweden. The company owns four properties and manages 23 buildings in total including offices, retail units, hotels and conference centers. Prioritizing sustainability, BanFast only serves its local area. Providing personal and reliable services, the company achieves an annual revenue of SEK 100 million (USD 9.17 million).
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Produced in the United States of America, March 2024.
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