Update for GFT AI.DA Marketplace: AI Support for Complex Product Development

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Development processes are often complex and opaque. In the automotive industry, for instance, thousands of employees across hundreds of teams are usually involved in developing new vehicles. Engenion by GFT leverages AI to create transparency, enabling projects to be conducted much more efficiently.

The Project Portfolio Management Software (PPM) helps significantly reduce product development costs. AI-powered modules utilize insights from past projects, improving the use of the entire team and corresponding resources, ensuring optimized budget utilization.

“Thanks to our expertise and solutions in AI and data-driven business models, which we have consolidated in the GFT AI.DA Marketplace, our clients can quickly and easily integrate the latest technologies,” says GFT CEO Marika Lulay. “The launch of Engenion is a milestone, with more solutions to follow.”

More Efficient Product Development and Robust, Results-Oriented Project Management

Engenion is part of the GFT AI.DA Marketplace, a platform that combines predictive and generative AI technologies with data analytics. The GFT AI.DA Marketplace promotes the development and implementation of AI applications by offering a comprehensive collection of use cases, methodologies, reference architectures, and pre-configured solutions, helping to significantly accelerate digital transformation.

“Product development is often a lengthy process fraught with uncertainties. But it doesn’t have to be,” says Kathrin Günther, responsible for GFT’s product business. “Engenion leverages the latest AI technologies to optimally allocate development costs and increase success rates. Engenion is the lever for more efficient product development and robust, results-oriented project management.”

AI Enables Project Support

GFT uses the latest AI technology to revolutionize the way users interact with their PPM. Through Engenion Assistant, the data-driven AI assistant for PPM, users can interact with the PPM in a question-and-answer format, providing seamless access to PPM data without navigating the traditional user interface. The tool can answer any questions about projects, budgets, resources, or other data within the PPM system, catering to the diverse needs of executives, senior management, project managers, portfolio managers, resource managers, and team members.

Examples of additional use cases include:

• A manual assistant that provides easy access to technical documentation,
• Automated generation of graphical reports,
• Or automated grouping and level assignment of employees based on project involvement and time spent.

Product development requires processing large amounts of data, including information from past projects as well as data on the new product. The traditional approach using spreadsheet software no longer meets the demands of digital transformation. The Engenion PPM collects all information and consolidates all systems into one, enabling real-time access to up-to-date data.

All Data in One System: Efficient Communication Across All Levels

Engenion promotes agile work on a unified information basis. A permissions system controls exactly who has access to which information and when. Any changes to values immediately reflect the impact on the planned budget and time-to-market. Planning becomes efficient and predictable. The assignment of key personnel to critical tasks across multiple projects is efficient and sustainable.

Engenion Users Benefit From:

• Transparent tracking of budgets and project costs in a portfolio comparison,
• Intelligent resource management,
• A comprehensive view of all data, accessible in real-time within a single system,
• Optimized workflows and improved collaboration,
• An intuitive, easy-to-use, AI-supported interface.

Engenion is based on an innovative approach called Object-Activity-Value (OAV), which redefines the structuring of projects along actual product components and related activities. With OAV, projects can be oriented toward the development of specific products. This allows for a granular breakdown of products into their individual parts. By linking activities and resource requirements with the development of these parts, budgets can be directly and transparently allocated to each product or product component.

“Thanks to our expertise and solutions in AI and data-driven business models, which we have consolidated in the GFT AI.DA Marketplace, our clients can quickly and easily integrate the latest technologies. The launch of Engenion is a milestone, with more solutions to follow.”