PI.EXCHANGE, a pioneering deep-tech SaaS company committed to democratizing AI, has actively participated in the Construction Tech Victorian Innovation Mission, a pivotal event hosted by LaunchVic in collaboration with the Victorian Government. LaunchVic, dedicated to supporting the growth of Victorian’s startup ecosystem, hosted a two-day event aimed at showcasing the transformative potential of innovative technology within the $40 billion construction industry.
The mission facilitated meaningful connections between 14 emerging startups, including PI.EXCHANGE, with some of the country’s largest construction companies. The construction industry has consistently been one of the economy’s largest providers of full-time jobs over many decades. According to Master Builders Victoria, figures for February 2022 show that this industry has generated approximately 988,500 full-time jobs, contributing significantly to the state's Gross State Product (GSP) and serving as a key economic driver.
The initiative fostered personal interactions, forging lasting connections between construction businesses and Victorian startups. It also provided a platform to discuss challenges, explore productivity enhancements, and identify synergies between large construction businesses and Victorian startups.
PI.EXCHANGE, with its flagship product the AI & Analytics Engine, played a significant role in the mission, exemplifying its commitment to democratizing AI in the construction sector. PI.EXCHANGE expressed gratitude for the opportunity to share its journey, contribute to industry growth, and actively shape the future of construction through the strategic application of data, AI, and smart platforms.
Shaun Cotter, PI.EXCHANGE's Business Development & Sales Manager, contributed valuable insights as part of the panel discussions addressing the challenges and opportunities for technology innovation in Victoria's construction sector.
"LaunchVic has put on another excellent Innovation Mission to connect with the construction industry. It was a great opportunity to share how PI.EXCHANGE could assist the industry as many construction businesses begin their AI/ML journeys, and get a deeper understanding of some of the key issues and challenges the industry is facing. It was also a great chance to network and we've made some strong industry connections."
Shaun Cotter, Business Development & Sales Manager of PI.EXCHANGE.