In their new white paper ‘Adopting Emerging Tech: How to Streamline Project Management and Boost Productivity with Generative AI’, Deltek explores the potential of Gen AI to drive project efficiency
The latest white paper from Deltek delves into the growing presence of generative AI in architecture, engineering and consulting(AEC) industries and how new technologies can be best applied to maximise productivity, reduce inefficiencies
The professional services dilemma
75% of businesses told Deltek that they were concerned about recruiting and retaining effective employees in 2024.
As a new wave of digital natives join the workforce, AEC businesses are increasingly considering adopting new technologies into their processes to keep ahead of turbulent economic conditions and circumventing the skills shortage.
However, many know what needs to be done to help counter this trend, with 67% expecting to lose market share within two years if they fail to progress significantly in digital transformation.
How are professional services firms using AI today?
Investing in new technologies such as AI was the top priority of professional services firms in 2024.
- 38% use AI to automate business processes.
- 37% use AI to predict project outcomes.
- 30% use AI to detect anomalies in financial transactions.
Respondees to Deltek reported improved operational efficiencies, communication and morale as a result of implementing AI in their workflows.
Overcoming the barriers to AI adoption
The most common obstacles to widespread AI adoption centre around contextual understanding and awareness, the white paper research found.
A lack of understanding the ways in which AI can be deployed and lack of knowledge in the workforce means that many companies feel unable to rollout AI in their processes, given the cost of training and technology updates.
Deltek advocates instead for more focused, tactical implementation of AI to build understanding of the benefts on a day-to-day basis.
Establishing an AI task force to drive adoption
Identifying a ‘low risk, high reward use case’ is the best way to introduce generative AI in your business, says Deltek.
Creating a taskforce with input from IT, legal and operations representatives will help identify (and resolve) teething issues, as well as the best place to demonstrate the long-term benefits of utliising AI in the business.
How can AI enhance the project lifecycle?
- By streamlining business development
- Through great project management and resource optimisation
- By finding, cultivating and retaining top talent
- Strong financial results through project-based ERP
- By unearthing the problem areas and the opportunities
Identifying the right AI capabilities in your ERP solution
By implementing Dela, Deltek’s AI business companion, you can:
- Generate succinct business summaries based on valuable project insights.
- Predict project success by analysing resource use and historical performance.
- Empower smarter decision-making with a natural language digital assistant transactions.
Deployed correctly, generative AI can significantly supercharge your project teams’ abilities and give your pbusiness the competitive edge the modern day demands.
You can read the white paper in full here, or find out more about how Deltek’s solutions can aid your projects here.
