Artificial Intelligence (AI) in Construction | Datamation
Examples of artificial intelligence (AI) in construction are increasingly common throughout the industry, from planning to building.
Construction professionals are turning to AI to add efficiency and accuracy to projects, monitor and track equipment usage and location, and a long list of other AI-driven applications.
Research and Markets reports that construction-related activities bring in over $10 trillion every year, a figure expected to grow by 4.2% through 2023. AI is helping to grow the industry.
In its article, “Artificial intelligence: Construction technology’s next frontier,” McKinsey & Company identifies AI as a critical component of modern engineering and construction approaches. AI technologies, the firm reports, help these industries solve some of their greatest challenges, including cost and schedule overruns and safety concerns.
AI can be found in construction throughout project life cycles — including inception and design, bidding, financing, transportation management — and operations and asset management.