MUMBAI, India, Sept. 28 -- Intellectual Property India has published a patent application (202521015311 A) filed by Rungta International Skills University; Rungta College Of Engineering & Technology; and Rungta College Of Pharmaceutical Sciences And Research on February 22, 2025, for Ai-Driven Iot System For Fraud Detection And Inventory Optimization In Construction.
Inventors include Pooja Singh; Azad Agrawal; Piyush Kumar; Arpit Kumar Mishra; Manish Kumar; Raunak Kumar; Shweta Jha; Kishan Jha; and Nitish Kumar.
The application for the patent was published on September 25, 2026, under issue no. 39/2026.
Abstract: AI-Driven IoT System for Fraud Detection and Inventory Optimization in Construction This invention describes an AI-driven integrated system for optimizing resource forecasting, fraud detection, and inventory management in construction projects. This system leverages artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) technologies to address inefficiencies in project planning, procurement monitoring, and material usage. The AI processing unit forecasts material and labor requirements based on historical and real-time data, while the fraud detection module identifies anomalies in procurement activities, such as overbilling and duplicate transactions. An IoT-enabled inventory management subsystem provides real-time tracking of stock levels, usage patterns, and environmental conditions, ensuring optimal resource utilization. A centralized dashboard offers actionable insights, predictive alerts, and seamless integration with enterprise resource planning (ERP) systems for unified management. Scalable and adaptable, this invention enhances operational transparency, reduces costs, prevents delays, and promotes sustainability, making it indispensable for modern construction projects of varying scales and complexities.
Disclaimer: Curated by HT Syndication.
