Region: Global
Country: Global / Non-Specific
Keywords: PPPs by Topic *, Disruption and PPPs **, Risk
Document Link(s):
Document Summary:
Artificial Intelligence in Construction Market Size – USD 429.2 Million in 2018, Market Growth - CAGR of 34.0%, AI in Construction Industry Trends – Easy risk mitigation.
Document Details:
Artificial intelligence can help reduce construction costs in many ways. For example, the use of virtual reality goggles and mini-robots into buildings under construction to track the work as it progresses. AI is also being used today to design the routing of electrical and plumbing systems in modern buildings. Artificial intelligence is also beneficial for the development of safety systems at work sites, which reduces the risks of hazards and accidents. The technology is being used by many firms to pursue the real-time interactions of machinery, workers, and objects on the site and alert the supervisors of potential safety issues, productivity issues, and construction errors. Artificial intelligence is also expected to reduce the human workforce, reduce expensive errors, reduce worksite injuries, and make building operations more productive.