PointsAI project: BridgeAI grant funded by Innovate UK (September 2023)
Mounce Hydrosmart Ltd are pleased to be jointly awarded a BridgeAI grant funded by Innovate UK, the UK’s innovation agency. The 6 month PointsAI project led by RBM TS Ltd will utilise evolutionary artificial intelligence to address the problem of network model optimisation. This model can quickly find the user equilibrium flows, which makes it ideal for the large succession of model runs which will be needed when implementing a genetic algorithm optimisation approach. BridgeAI has identified the key sectors with high growth potential, but currently, low AI adoption rates.
AI in project management is transforming how teams handle complex tasks. Tools powered by AI can predict project risks, optimize resources, and automate repetitive tasks, making workflows more efficient. It’s exciting to see projects like PointsAI and BridgeAI receiving support from Innovate UK, as they highlight how AI is driving innovation in the management space.