The digital transformation of AI is refashioning the entire construction industry from top to bottom.
Thanks to recent quantum advances in AI, abilities in the construction world have come a long way in a short time. As a result, smart construction methods are at last beginning to overtake construction development projects globally, raising the bar on the stability and profitability of new construction.
Deloitte notes that while the Construction and Infrastructure (C&I) industry as a whole has seen setbacks as far as profit margins, smarter companies are still investing in AI. The reason for this, Deloitte reports, is the revolutionary advancement made by AI and Advanced Analytics (AA) in the past five years, able to provide superior risk mitigation and save on overall costs.
Deloitte's forecast on AI in C&I predicts: "Investment in data analytics has the potential to realize value throughout the project lifecycle," including everything from bidding to project management. However, Deloitte also expects global infrastructure demands to continue escalating over the next 30 years since "only 25% of the infrastructure required for 2050 exists today."
Smart digital transformation is upon the construction industry, poised to reap a windfall of exponential benefits and future gains.
Current Construction: Overcoming Obstacles
Smart construction methods modernize construction, defining a better and wiser way to build. Historically, this transformation is critical for the construction industry, one of the most difficult industries to automate and digitize.
Most builders and engineers already know that everything that can go wrong usually does in construction. Building processes in C&I are time-consuming and labor-intensive, comprising many steps typically performed by workers who require on-site supervision. In build-outs and renovations, especially, risk mitigation becomes very important.
In C&I, it has also been challenging for developers to gather accurate data using manual input methods, while low-quality sensors can fail, collecting dirt relatively easily. Both of these trends often lead to overproduction. However, digitized development and integrated automation can speed up production times considerably, ending the overproduction that has become the norm.
Vast Digital Advancements in Construction
The digital transformation sweeping the construction industry allows for a future where buildings are constructed faster and better than ever before. AI advancements in CAD now allow for assembling design blueprints into 3D models. Modern AI algorithms combined with IoT devices can even reduce errors while optimizing such processes as surveying field conditions. Digital advances in C&I emphasize:
- Scaling beyond project size
- Multi-year project coordination for permits, blueprints, and more
- Digitized data, pattern detection, and documentation
- Decentralized project management and streamlined processes
- Improved scheduling among suppliers, vendors, and others, preventing costly delays
- Automated contingency planning and 'what if' forecasting
- Improved liability prevention by spotting and catching potential issues
- Decreasing project risks and increasing overall safety.
Designing a Better Way to Build
Construct360 takes a holistic strategy to transformation in construction, customizing smart construction methods for a modernized approach. I help integrate construction development functions, so enterprises work like a unified system rather than disparate parts. C360's digital design integrations include:
- Optimized pre-construction
- Optimizing and streamlining the supply chain
- Integrated efficiencies across systems and processes
- Building capacity among people.
I am helping lead Digital Transformation in Construction, partnering with companies to help
plan and execute their digitalization transformation. Contact Bashar at Construct360 to schedule a discovery call and see what the digital revolution in AI can do for you.
