InForecast

Artificial Intelligence and purpose-driven software-as-a-service for construction organisations to define, capture, manage, measure, implement and improve on sustainability.
Innovative Start-Up

Problem addressed

In light of increasingly changing and stringent sustainability regulations and investor sentiment towards the sustainability of buildings, managers are under mounting pressure to embed sustainability practices in the public and private sectors. It takes a massive amount of effort to ensure that sustainability strategies are holistic and that numerous standards are considered across People, Planet and Profit. Sustainability also needs to be quantitative so that it can be compared across different projects. Currently, managers manually assess the existing standards and  how these are combined to create a holistic sustainability strategy.

Currently, there is a clear gap with narrow sustainability performance standards (i.e. construction stage only) or operations-focused ESG software. This forces the companies to spend millions to manage the sustainability performance practices, compliance and associated data.

Overview of start-up

InForecast provides seamless access to carefully benchmarked KPIs against the policy, external guidance and example projects covering all aspects of sustainable property development. ~100 sustainability practices that can be easily customised to client and organisational needs. This can save the companies hundreds of thousands of pounds which otherwise would be necessary to create a sustainability strategy from scratch. With InForecast, companies can save weeks of time annually per project by providing a platform for collaborative sustainability practices assurance. This reduces the burden of manually collecting, managing and reporting on information and ensures robust portfolio-level performance in dynamically changing standards and regulations. The solution focuses on whole lifecycle application and optimisation and aims to significantly increase the efficiency and reduce risks.

Identifying and combining policies & standards:

InForecast provide a unique KPI management framework which enables organisations to incorporate any standard, policy and good practice in a comparable and standardised way. They also provide personalised sustainability practices using Machine Learning.

Collaborative Assurance:

InForecast provides accurate, clear, comparable and verifiable sustainability data reporting. They reduce the burden to collect the data from stakeholders and assure evidence. They also help ensure that all actions and outputs are completed in a timely manner.

Know-how optimisation:

InForecast goes beyond reporting by helping you measure your sustainability performance. The project teams also get easy access to calculation guidance to understand not only what needs to be done but also how.

Business Intelligence:

InForecast’s system enables direct KPI comparability at the project and portfolio level across Triple-Bottom-Line, UN SDGs and the Value Toolkit framework.

This helps the companies not only track compliance to the dynamic policy changes but also to automate the compliance reporting across all the aspects of sustainability for internal and external stakeholders.

 

What makes the start-up innovative

InForecast addresses the following market gaps:

ESG Software – There is a clear gap among the existing technology solutions as they do not support sustainability assurance throughout the design and construction process.

KPI Software – These do not provide any information about what sustainability practices can be applied to improve sustainability performance. These are purely for data collection and management purposes.

Construction Site Sustainability Data Tracking – These are designed to track only a particular type of information during one phase of construction.

InForecast is applicable to the full project lifecycle from strategic definition to operation and has detailed design, construction and operation sustainable practice guidance. Furthermore, InForecast includes ~100 ready indicators for implementing sustainable practices, flexible framework for the deployment of any custom practices, and personalised sustainability practice recommendations for organisations and projects.

How the start-up has been designed to scale-up quickly

  • A unique KPI management framework that can incorporate any policy, good practice and sustainable practice.
  • Sustainability KPIs cover all aspects of People, Planet and Profit and new KPIs can be easily added and implemented.
  • The system can be deployed anywhere around the globe from day one with technical capability and scalability.
  • The system is hosted on Amazon Web Services that has state-of-the-art security and scalability.