Core Insights - The traditional consumer journey in home projects is inefficient and cash-intensive, prompting retailers and construction managers to adopt AI for a more streamlined decision-making process [1] Group 1: Lowe's AI Initiatives - Lowe's has implemented the Mylow Companion across over 1,700 stores, providing in-store associates with real-time access to product specifications and inventory status [3] - The Mylow Companion tool enables associates to assist customers with material comparisons and installation steps, bridging the experience gap between new and seasoned employees [4] - Lowe's also launched a customer-facing version of the technology, Mylow, which offers AI-generated recommendations for home projects through its website and mobile app [5] Group 2: Home Depot AI Tools - Home Depot introduced Magic Apron, a conversational AI tool that aids customers in researching home improvement projects and planning [6] - The company also released Blueprint Takeoffs, which analyzes architectural drawings to generate material lists and cost estimates for contractors [7] - Home Depot's project-planning platform allows contractors to create materials lists, track orders, and set delivery preferences, enhancing their role in early project planning [9] Group 3: Procore's AI Features - Procore has integrated new AI capabilities through Procore Helix, which analyzes construction drawings to identify challenges and potential cost savings [11] - The platform can summarize lengthy specification manuals and draft standard documents, improving efficiency for project managers [12] - Procore's AI tools also analyze job-site photos to provide relevant information for safety and progress reporting, reducing administrative workloads [12]
Lowe's, Home Depot Tap AI to Capture Renovation Spend at Planning Stage