Artificial intelligence brings forth new possibilities for material hauls and quantification
According to IBISWorld, the dump truck industry in the United States was market-sized at $19.3B in 2020. The asset utilization of dump trucks drive forward heavy civil construction projects as they routinely deliver earth material requirements.
Reliance on outdated methods, such as capturing progress via payment records, prevent contractors from knowing the true progression of their projects. Consequently, projects often run over time and over budget.
McKinsey reports that, “98 percent of mega projects that suffer cost overruns of more than 30 percent, and 77 percent of mega projects are completed at least 40 percent late.”
Reliance on outdated methods, such as capturing progress via payment records, prevent contractors from knowing the true progression of their projects. Consequently, projects often run over time and over budget.
McKinsey reports that, “98 percent of mega projects that suffer cost overruns of more than 30 percent, and 77 percent of mega projects are completed at least 40 percent late.”
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