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).
The incorporation of AI technology in the construction industry has facilitated better safety, higher efficiency, and lower downtime. FREMONT, CA: The construction industry has not completely realized the potential of artificial intelligence (AI). It is under-digitized when compared to other sectors, and lags in efficiency and performance. The incorporation of AI capabilities will not only drive higher growth but will also enable the organizations to optimize their operations. Even though the applications of AI in the construction industry are nascent, it is gaining traction because of the robust benefits offered by the technology.
The construction of New York's Empire State Building is often seen as the figurative and literal pinnacle of construction efficiency, rising 1,250 feet and 102 stories from the ground to its rooftop spire in just over 13 months' time, at a human cost of just five lives. Indeed, most of today's construction projects would be lucky to come close to that level of speed, regardless of the building's size. While the construction industry traditionally has been slow to change the way it operates, several new technologies are poised to usher in a new era of faster and more automated construction practices. Three-dimensional (3D) printing is among the key technologies that are expected to change the way structures are built in the future, as construction engineers and contractors seek methods for completing buildings more quickly, more efficiently, and, in many cases, with a greater attention paid to sustainability. Large printers that can print construction materials such as foam or concrete into specific shapes can drastically speed up the creation of walls, decorative or ornamental pieces, and even certain structural elements.
As construction projects are large and include many stakeholders, digitalization is helping reduce confusion on-site and increase efficiency among workers. FREMONT, CA: In today's times, digitalization has become the vehicle of change. Technology has become the necessity of every industrial sector, and it holds the same for the construction business. The digital machinery that construction sectors are integrating into their workflow includes Machine Learning (ML), robotics, BIM, and 3D printing. Here are some of the digital transformations that the industry has observed.
The construction industry is, without doubt, a very hands-on and physical profession. It's understandable then that the sector hasn't been as quickly changed by the digital age as some other industries. But it looks like the world of construction has become far bolder in its approach and acceptance of technology in the workplace, particularly when it comes to artificial intelligence. Artificial intelligence, or AI, has impacted a wide range of workplaces and is finally having its moment in the construction sector. From helping to plan projects, to inputting suggestions in the design phase and physically helping on the construction site itself, AI has undoubtedly become a critical part of improving processes in construction.