Artificial intelligence or AI has emerged as a viral trend in the world of Digital Transformation, with countless business leaders wondering, “How can I implement AI in my industry?”
Not every business space will necessarily see a significant benefit from AI implementation. But the construction and building industry is one that can see a variety of benefits from artificial intelligence, especially machine learning-powered AI which can be deployed in a manner that self-improves over time, resulting in a growing ROI.
AI Use Cases in the Construction Industry
Construction industry use cases for AI abound, business leaders can consider a variety of artificial intelligence implementations with a significant chance of seeing a robust ROI that actually increases over time. This occurs due to the integration of machine learning technology, which uses an algorithm to generate improvements in efficiency and productivity. The longer you generate data and “feed” the machine learning algorithm, the greater the benefit for your artificial intelligence implementation.
Let’s look at a few use cases for construction companies, construction project management businesses and others in the building industry.
Project Management With AI – AI project management software can be used to predict delays and suggest modifications that will minimize or avoid those delays. Over time, AI that’s enhanced using machine learning technology can detect trends and identify areas where you can automate processes and improve overall efficiency. The end result is improved profitability and an even greater ROI.
Cost Management and Financials – AI-powered software for the construction industry can be used for more than just basic budgeting and traditional project cost management. Machine learning-powered artificial intelligence technology can be deployed to centralize financials — including pricing estimates from contractors and subcontractors — and increase accuracy through the elimination of human error.
AI for Engineering in the Construction Industry – AI can be used to generate alternative designs that bring you closer to achieving your goals for a property. For example, a “green” and sustainability-focused construction company may be performing work to improve energy efficiency and overall sustainability, so the AI platform may offer suggestions to this end. What’s more, machine learning technology can be deployed in a way that would lead to more current and advantageous recommendations over time. Alternatively, a construction company may seek to enhance structural integrity in a manner that “storm proofs” the property from hurricanes, wildfires, flooding and other weather threats. Machine learning-powered AI technology will generate recommendations for building or retrofitting a storm-friendly property.
AI for Fleet Management and Resource Management – Fleet management is critical for a construction company, as you need to ensure that the right vehicles and equipment are at the right location exactly when they’re needed. Otherwise, you may find yourself with a building project that has gone off the rails. Artificial intelligence for fleet management and the management of other resources will streamline and simplify this process through the analysis of historical data and the prediction of future needs.
Machine learning and AI technology can also be used for tracking KPIs and using incoming data to generate recommendations for improvements and changes that will bring about greater productivity and profitability.
It’s also possible to integrate other traditional enterprise software features, such as performance analytics (including KPI tracking), document management tools and client communications.
Using AI for More Efficient Construction Project Management for Vault Construction Group
As a top Dallas AI development company, the developers at 7T have worked with businesses in a variety of different industries, including construction, construction project management businesses and construction supplies companies such as Vault Construction Group. Vault Construction Group handles concrete pouring contractors and 7T developed an ERP admin portal and enterprise mobile application to make for more efficient contractor and project management.
The Digital Transformation development team here at 7T is guided by the approach of “Digital Transformation Driven by Business Strategy.” As such, the 7T development team works with company leaders who are seeking to solve problems and drive ROI through Digital Transformation and innovative business solutions such as multimodal machine learning-powered AI implementations.