The benefits of AI in construction - UK Construction Online

The global construction industry has grown by only one per cent per year over the past few decades. Compare this with a growth rate of 3.6% in manufacturing, and 2.8% for the whole world economy. Productivity, or the total economic output per worker, has remained flat in construction. In comparison, productivity has grown 1,500% in retail, manufacturing, and agriculture since 1945. One of the reasons for this is that construction is one of the most under-digitized industries in the world and is slow to adopt new technologies (McKinsey, 2017).