construction sector
What is the future of AI in construction?
AI can be unsettling for most people. Off the top of their head, many people think about robots taking over the human population or self-destructive devices. When coupled with construction, an industry that is notable for being slow to embrace technology; then you have reached a standstill as said industry is reluctant to change. On one corner is AI; a bit of an unknown element but one that is also dynamic and capable of many things. On the other, there is the construction sector; a dwindling industry frequently faced with challenges that threaten workers' safety, productivity, and resources.
🇮🇳 Artificial Intelligence for Civil Engineers (Part 1)- தம ழ ல - Coursemetry
Note: 3.0/5 (16 notes) 4,891 students We all know that Artificial intelligence (AI) has made an impact in almost every industrial sector, and civil engineering is now joining the stage as well. According to a report by McKinsey, the civil construction sector has a net worth of more than $15 trillion a year, and while it has one of the largest consumer bases, the industry had been relatively under digitised. This is because civil engineering is one of the few fields in which basic practices of bricklaying and pouring concrete have remained the same over the century leveraging traditional methods. However, the construction sector is set to undergo yet another industrial revolution, one powered by technology, particularly artificial intelligence for that matter. Artificial Intelligence technologies are now being used by practising engineers to solve a whole range of problems. Future advancements in Artificial Neural Network (ANN), fuzzy logic and genetic algorithms will mean that the civil engineering and construction industry will benefit in terms of optimisation which is the foremost factor, speed of processes and cost reduction, while young inexperienced engineers will be replaced by AI robots & technologies.
Innovation Accelerator initiative tech start-ups to be based on site at HS2
HS2 Ltd has launched the fifth round of its successful Innovation Accelerator initiative programme. In a new development for the Innovation Accelerator initiative, the latest cohort of SMEs will be based onsite at the operation hubs of HS2's main civil works contractors. This will acquaint them with construction and help focus development of their technology for the industry. Focused on harnessing technologies new to the construction sector, the Innovation Accelerator initiative will utilise artificial intelligence and advanced sensing technology to drive cost and carbon efficiencies across the HS2 programme. Each start-up brings a potential technological solution to mitigating the effects of a diverse array of challenges faced during HS2's construction, ranging from traffic management to weather forecasting, as well as using A.I. to understand and reduce carbon impact of activities and materials.
How AI can help us design more sustainable cities and society: Interview with Janne Liuttu - Hyperight
Building and construction sectors are major contributors to both waste and emissions globally, and achieving growth sustainably is becoming more and more important for companies around the world. As projects are increasingly complex and expectations from different stakeholders higher, achieving ambitious sustainability goals is challenging without the use of data and modern technology. At the Data Innovation Summit 2021, Janne Liuttu, Chief Data Scientist at Ramboll will be sharing how AI is enabling Ramboll to build sustainable cities and society where people and nature flourish. In our discussion, he walks us through AI's role in reducing waste and carbon emissions, concrete solutions for creating sustainable cities and societies at Ramboll and the challenges of applying AI in the building and construction sectors. Hyperight: Hi Janne, it's our pleasure to welcome you as a speaker to the Data Innovation Summit 2021.
Artificial Intelligence (AI) in Construction, 2021 Thematic Research Report - ResearchAndMarkets.com
The challenges facing the architecture, engineering, and constructing industry, together with thorough discussion of how AI can help mitigate these challenges, as well as identify companies for partnerships. Global market size (2019) and forecast (2020-2024) of AI platform revenues in the construction industry compiled by the publisher technology and construction analysts. Key mergers and acquisitions (M&As) associated with the AI theme in the construction sector over the last five years including date, deal value, and a brief description of the target company as compiled from the publisher's Deals database. Profiles of leading adopters of AI in construction including who they have partnered with for their AI initiatives. Case studies of AI implementation in the construction sector and how AI has been used to increase productivity, reduce costs, reduce project duration, and improve safety on the construction site.
The Impact of Artificial Intelligence (AI) in Construction Industry – PR News Blog
Artificial Intelligence (AI) is the technology that allows machines to make intelligent decisions while applying the required skills. Global Artificial Intelligence (AI) in Construction Market was valued at US$ 449.7 million in the year 2018 and is expected to reach US$ 2,107.8 million by the year 2023, growing at a CAGR of 36.2%. The rising need for safety and security in the construction sector, coupled with an increasing demand for reducing the overall cost, is expected to drive the market. However, the complexity of the algorithms which has led to slower adoption of AI in the construction sector, is expected to hinder the growth of the market. The report overview includes studying the market scope, leading players like IBM (US), Alice Technologies (US), Aurora Computer Services (UK), Autodesk (US), Building System Planning (US), eSUB (US), etc., market segments and sub-segments, market analysis by type, application, geography.
- North America (0.06)
- Europe > Germany (0.06)
- Asia > South Korea (0.06)
- (3 more...)
The Upcoming Trends of Construction and Technology
Gone are the days when construction companies used to only rely on spreadsheets, maintain folders, and perform paperwork. Technology has changed the entire outlook of the construction industry. When we talk about embedding technology in construction, we refer to multiple aspects in which we can make the work faster, efficient, and more effective. Construction technology is here to assist the building process, not replace it. Since the world of technology is innovative, advancements are always being made in the construction sector, processes are being sped up -- and more projects are being pushed forward productively.
Automate the dull stuff: Transforming Construction
Back in August 2019 I revealed our £36 million R&D competition to transform construction. Would there be enough talented tech companies ready to disrupt in this £386 billion industry? Was the sector ready to transform? The construction sector has a problem: cheapness. Throughout the industry, cheapness, not value is systemic.
- Construction & Engineering (0.39)
- Information Technology (0.36)
Artificial Intelligence in Construction Market Garner US$ 2.1 Bn by 2026
Acumen Research & Consulting, Recently Published Report on "Artificial Intelligence in Construction Size, Share, Growth, Trends and Forecast 2019 - 2026" The Global Artificial Intelligence in Construction Market size is expected to garner around US$ 2.1 billion by 2026. The Global Artificial Intelligence in Construction Market is anticipated to grow at a CAGR of around 29.4% during the forecast period 2019 to 2026. North America dominated the global artificial intelligence in construction market in the year 2018. Different huge purposes behind the predominance of North America are Construction businesses within the North American vicinity have made huge investments within the market, and numerous vendors have advanced to cater to the rapidly developing market. A considerable increase is anticipated within the region all through the forecast period.
- North America > United States > California > Los Angeles County > Rowland Heights (0.05)
- North America > United States > California > Los Angeles County > Los Angeles (0.05)
- Europe > United Kingdom > England (0.05)
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Technology, data and digital solutions, main keys for the construction sector
Construtech magazine has published detailed information on the trends that will star in the construction sector over the coming months. It will be difficult to get it right, but they point out that technology, data analysis and digital solutions, together with the aging of the workforce, will be decisive in construction. I highlight below a summary of the short-term future. And then I invite you to watch a video about the most ambitious projects that will be culminated in this exercise. According to its analysts, the construction industry is in the middle of a move toward new business models that are technology-driven and data-driven, provide better collaboration between stakeholders, and result in higher productivity.