The uptake of artificial intelligence (AI) technologies in construction has been slow, but AI has the potential to deliver tangible benefits at every step of the construction value chain, from conceptual design through to operations and maintenance.
As the construction value chain is fragmented, effective collaboration and communication between multiple stakeholders is key. AI-powered tools can automate processes and provide intelligent business insights, from sending documents and responding to requests for information (RFIs) to tracking open issues and automatically notifying participants when reality deviates from plans. There is growing potential for AI to augment productivity at the construction stage. Smart robots and context-aware computing can alleviate current industry-wide productivity stagnation and protect against the shortage of skilled labour workers.
Leading construction companies in AI
Construction-specific technologies such as building information modelling (BIM) and generative design are not AI. However, the symbiotic relationship between these technologies and AI will blossom in the coming years, making them even more powerful. Lots of small wins at each step of the broken value chain can add up to big wins in construction, a sector known for having problems delivering on time and on budget.
Companies that invest in and engage with AI technologies will see the benefits, not only in current projects but in future ones too. Stakeholders using AI to smooth problems and aid processes at each step of the construction cycle and keep all interested parties involved will be winners.
Discover the leading AI companies in the construction industry
Using its experience in the sector, World Construction Network has listed some of the leading companies providing products and services related to AI.
The information provided in the download document is drafted for construction industry executives and technology leaders involved in AI solutions.
The download contains detailed information on suppliers and their product offerings, alongside contact details to aid purchase or hiring decisions.
Future of AI in construction
The AI market can be difficult to size, as the technology is often embedded into larger systems. That said, GlobalData predicts that construction companies will spend $1bn on AI platforms by 2024. This is up from $436m in 2019, representing a compound annual growth rate between 2019 and 2024 of 19.2%.