Business
Renoworks Launches First Phase of Big Data and Artificial Intelligence Technology to Build Predictive Design Platform for Remodeling Industry
Renoworks Launches First Phase of Big Data and Artificial Intelligence Technology to Build...
About this update from Renoworks Software Inc.
[{"type":"text","content":"\n\n\n\nRenoworks Launches First Phase of Big Data and Artificial Intelligence Technology to Build Predictive Design Platform for Remodeling Industry\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 17, 2018\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES./\n\n\nRenoworks to bring deep learning and data intelligence to the remodeling and new home construction industry\nRenoworks engages data services consulting firm to leverage its leading digital product assets and content library\n\n\n\nCALGARY, Jan. 17, 2018 /CNW/ - Renoworks Software Inc. (TSXV: RW) (\"Renoworks\" or the \"Company\"), a leading provider of digital home imaging software and web solutions for new home construction and existing home renovations, is pleased to announce the initiation of its technology build to develop predictive design intelligence, the Renoworks Design Engine. \n\nRenoworks has completed a comprehensive assessment of opportunities for Artificial Intelligence (AI)/Deep Learning applications, based on impact and viability.  Renoworks has the development team in-place to provide the knowledge and tools required to develop and introduce these new platforms into the Company's technology stack. \n\nRenoworks Design Engine should assist and simplify the process for homeowners and contractors to visualize remodels and new home construction projects.  Once deployed, the technology could rapidly provide more options and insights for enterprise, contractors and homeowners.  Management believes the investment in Deep Learning/AI can be of strategic importance to creating value for the Company and its shareholders.    \n\nDoug Vickerson, CEO of Renoworks, stated, \"The home remodeling and new home construction industry is an ideal space for deep learning and AI right now. Kicking off this technology build reaffirms our commitment to leading the industry by developing state-of-the-art intelligence.\"  Mr. Vickerson continued, \"We are seeing ve...