Developing Era in Construction Market Through Artificial Intelligence

Artificial intelligence plays a dominant role in the construction segment, through bringing economies of scale and constructing of building quickly. The use of intelligent sensors will able to provide the data immediately for use of tasks like safety records and ordering materials. Drones also have an enormous role in checking the site of construction & assisting managers to monitor activities. The use of a mini robot makes the work more productive. Artificial Intelligence will also reduce construction costs like a human workforce, expensive errors, and worksite injuries.

Building information modeling (BIM) is an intelligent 3D model-based process that gives the idea of architecture, Engineers, and construction professionals to plan and design their infrastructure more efficiently. BIM will help in changing the way we work and also exploring the new things which are not covered in the construction sector. However, with the use of 3D printing technology, the entire construction of buildings can be finalized. BIM can decrease the number of mistakes that take place in the traditional documentation of the design. Building an information model can make the construction industry lift the quality of work at the next level.

IBM Research is using artificial intelligence and machine learning technologies for many years. IBM assists the Construction process in minimizing the project cost and upgrading the resources. Data from IoT sensors can be captivated into BIM to model temperature, energy usage, and movement of people to smoothen operations and improve future building projects. IBM construction companies can make better project delivery and payment process and shares the right documents with the right person.

Market Dynamics

Rising factors:

  • BIM Assists in better collaboration and communication
  • Pre-construction visualization
  • Reduce construction cost

Building information modeling (BIM) used to share information on the project planning in the construction site and takes decisions according to it. The BIM 360 tools can analyze model blueprints on their mobile devices and get updated with their upcoming tasks of the construction project at any time. This will lead to reduce the project cost and mitigate the Risk.

Threats:

  • Lack of skilled professionals and the increasing cases of privacy invasion are some of the factors responsible for limiting market growth.

Opportunities:

  • Better design of the building through robotic technology
  • Machine learning can improve the working conditions of the employees on the construction site

North America is expected to have a growing market share in the AI construction market. The North America region mark by a large number of people has improved purchasing power, continuous investment in automation, and the government‘s increasing focus on having a house on AI in construction equipment production. Additionally, Asia Pacific is also expected to register a considerable growth rate in the market. China, Japan, South Korea, and India are the leading countries in this region. The market growth is due to an increase in demand by the economies to develop smart city projects which require better amenities that boost the real estate sector.

Conclusion

To conclude, the use of AI in the construction sector will bring remarkable changes along the construction value chain and disruptive potential in the highest areas. However, many companies are struggling to set up there concrete plans to make use of their potential. The use of AI will help in pre-planned the project which will be beneficial for the engineers and architects. Trust between humans and AI can more easily lower the possibility of conflicts which will lead to improving workflow. During the post-construction phase, AI can be used to monitor site issues, and accordingly, it gives the solutions to prevent them from occurring.

However, in-coming the future it will mitigate the risk of losses and visualize the project in a better way which leads to making construction projects easier. The adaptation of new technologies like drones and robotics is increasing the opportunities in construction sectors which will bring tremendous growth for the infrastructure.

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