InEight Acquires AI Planning and Scheduling Software Company

Acquisition will enable InEight to help the capital projects industry improve the project planning process and on time, on budget delivery with solutions powered by artificial intelligence

InEight, a developer of construction project management software, announced that it acquired BASIS, a company that develops an artificial intelligence (AI) planning software tool. Built specifically for capital projects, BASIS takes the guesswork out of building a project plan by using knowledge-driven machine learning to create more realistic and achievable project schedules. As a part of the acquisition, BASIS Founder and CEO Dr. Dan Patterson will join the InEight executive leadership team as chief design officer.

BASIS was founded on Patterson’s vision to provide a tool that helps more accurately forecast large, complex capital projects. Designed to complement existing critical path method (CPM) scheduling tools, BASIS uses AI to assist and guide planners through the process of building a project plan. The software can capture insights and learnings from prior projects and use the stored knowledge to make informed suggestions during the planning process. BASIS also allows project team members to give their expert opinion through a very simple-to-use scorecard. Planners can spend up to 40% less time building plans and reduce the amount of time used in gathering team member feedback by up to 75%.

“Our customers have been asking us to help them transform the planning and scheduling process since it has such a direct impact on their ability to deliver capital projects on time and on budget,” said InEight CEO Jake Macholtz. “The addition of BASIS gives our customers a powerful new tool to take advantage of everything they’ve learned on past projects and decades of knowledge from their own experts. This allows them to create the best project plan possible and a schedule that their teams can actually meet.”

Purpose-built for construction, BASIS will become the flagship offering of InEight’s planning and scheduling solutions and be renamed InEight BASIS in the coming months. The addition of BASIS aligns with InEight’s portfolio strategy to provide solutions for every stage of capital projects from pre-construction to operations.

In his new role as InEight’s chief design officer, Patterson will continue to innovate and develop BASIS software, expanding on his vision of creating an effective planning and scheduling software solution for the construction industry.

“When people think of big projects, they usually think of them as being behind schedule and over budget. That’s exactly the challenge we set out to solve with BASIS,” Patterson said. “I like to say that you get one shot at execution — but when you’re planning, you have unlimited chances to get it right. My long-term vision is to change the way we plan projects, so that the frequency of project failure is massively reduced. With the acquisition by InEight, we are now able to accelerate that vision.”