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    Procore Drives Connected Construction Innovation at Groundbreak 2024

    11/20/24 10:45:00 AM ET
    $PCOR
    Computer Software: Prepackaged Software
    Technology
    Get the next $PCOR alert in real time by email

    Announcements Include Industry-Defining Integrated Resource Management Solution and AI-Powered Scheduling and Safety Tools to Enhance Project Efficiency and Risk Mitigation

    Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today kicks off Groundbreak 2024, the construction industry's most innovative conference. Procore is unveiling Resource Management, the industry's first all-in-one solution for comprehensive labor, equipment and materials tracking and planning, along with new AI-powered Scheduling and Safety tools that enhance efficiency and streamline safety management.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120914569/en/

    Groundbreak 2024 Kicks off Today in Denver (Graphic: Business Wire)

    Groundbreak 2024 Kicks off Today in Denver (Graphic: Business Wire)

    "Construction is one of the most complex industries in the world, but today, through connected technology, we have the power to improve every phase of construction, driving more productive, efficient, and safe projects," said Founder and CEO of Procore, Tooey Courtemanche. "Groundbreak 2024 is a testament to Procore's commitment to investing in platform capabilities like Copilot and AI-driven Agents, as well as solutions like Resource Management, which seamlessly connect labor, equipment, and materials back to project schedules. Together, through our connected platform, we're building a more unified and resilient industry."

    Bringing together industry leaders, innovators, and professionals, Groundbreak 2024 focuses on connecting construction through technology and people. More than 4,500 attendees will attend Groundbreak from over 35 countries to hear from Procore leaders, industry executives, and keynote speakers Emmitt Smith and Bear Grylls. Key announcements include:

    Enhancing Productivity with Industry-Defining Integrated Resource Management Solution

    Today Procore unveiled Resource Management, a new product category that enables contractors to manage labor, equipment, and materials in a unified, intelligent offering across the entire build lifecycle. Resource Management, generally available now, unlocks greater control, forecasting, and visibility to help contractors increase profit margins, reduce delays, and boost productivity.

    To accelerate this capability, Procore has acquired Intelliwave Technologies, a leading industry provider of intelligent materials management software. By combining Intelliwave's materials solution SiteSense® with Procore's existing labor and equipment capabilities, Resource Management delivers robust control over essential project resources. In addition, Procore AI Agents will further unlock value with automated risk detection and actions, delivering unprecedented levels of visibility into resource performance.

    Across Procore's unified, intelligent platform, Resource Management embeds with the existing Preconstruction, Project Execution, and Financials solutions for end-to-end visibility, accurate forecasting, and automated budget tracking. Powered by next-generation platform capabilities like Agents, Maps, and Scheduling, Resource Management allows users to visualize and manage resources on a map and coordinate the deployment of resources.

    AI-Powered Safety and Scheduling Built for the Field

    Procore also unveiled Scheduling, a new solution designed to provide smart scheduling, and will integrate directly with contract schedules and field data. Powered by Artificial Intelligence, Scheduling will proactively flag potential risks, helping ensure projects remain on time and within budget.

    Announced today, Procore's significantly expanded Safety solution will centralize safety tasks with new capabilities like pre-task plans, jobsite hazard analysis, certification tracking, onsite orientations, and toolbox talks. With deep integrations with Procore's project management suite and wearable devices, Safety will help eliminate administrative overhead, while providing insights to promote better safety outcomes. With Safety, Procore helps ensure that everyone in construction returns home safely every day.

    Learn more about Groundbreak

    Groundbreak offers over 85 breakout sessions aimed at helping industry professionals enhance their leadership, teamwork, and building skills. Procore will honor companies, projects, and individuals making a positive impact on the construction industry through the annual Groundbreaker Awards.

    To watch the opening day of Groundbreak and gain access to sessions, register for Groundbreak Live.

    About Procore

    Procore Technologies, Inc. (NYSE:PCOR) creates software for people who build the world. With a focus on providing timely and accurate data for all, Procore transforms the construction industry one project at a time - from hospitals and skyscrapers to airports and stadiums. Beyond its connected, innovative technology, Procore empowers the industry and its communities through Procore.org. For more information, visit www.procore.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241120914569/en/

    Get the next $PCOR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • What new product did Procore launch at Groundbreak 2024?

      Procore Technologies has launched Resource Management, the construction industry's first all-in-one solution for tracking and planning labor, equipment, and materials across the entire build lifecycle.

    • What capabilities does the new AI-Powered Scheduling tool provide?

      Procore's AI-driven Scheduling tool is designed to proactively flag potential risks, helping ensure projects remain on time and within budget by integrating with contract schedules and field data.

    • How has Procore enhanced its Resource Management capabilities?

      By acquiring Intelliwave Technologies, Procore aims to enhance its Resource Management solution with intelligent materials management, allowing better control and visibility over project resources.

    • What is the main focus and scale of the Groundbreak 2024 conference?

      Groundbreak 2024 is focused on bringing together industry innovations, connecting construction through technology, and will feature over 4,500 attendees from more than 35 countries.

    • What are some key features of Procore's expanded Safety solution?

      Procore's expanded Safety solution centralizes safety tasks, including features like jobsite hazard analysis, certification tracking, and integrations with wearable devices to enhance safety management.

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