Learn about the impact that artificial intelligence can have on the construction industry.
The commercial construction industry is on the brink of a technological revitalization. With all the new innovations that the industry can take advantage of, the potential for growth and improvement is seemingly endless. One of the innovations that experts have identified as a major factor is artificial intelligence. Here are some of the impacts that artificial intelligence can have on the construction industry.
Labor Shortages
The skilled labor shortage in the construction has been a problem that has been affecting the industry for years. With only a rapidly aging workforce to rely on, AI could offer much-needed solutions to help with time-consuming tasks such as program creation, cost estimation, resource management, health and safety management, and so on.
Low-Profit Margins
Those in the construction industry often have to deal with low-profit margins caused by a myriad of issues, including:
- Competitive tendering
- High-bidding cost to return ratio
- Increased costs due to sterling decline
- Low productivity
- Poor risk management
Implementing AI technology could help eliminate many of these issues while also improving the accuracy of construction work and building. As a result, construction companies and workers could enjoy greater profits for their work.
Sustainability
Currently, the construction industry accounts for a significant portion of global CO2 emissions. As the green movement continues to hold strong, industry stakeholders are looking for ways to make construction more sustainable. By implementing AI, the construction industry could create energy efficient smart buildings more easily and efficiently, making these sustainable builds an industry norm.
These are some of the impacts that artificial intelligence can have on the construction industry. Curious to learn more about major commercial construction trends? If so, then contact the experts at Proforma Construction. Serving Pleasanton and the surrounding California area, our highly-trained team is ready to make your commercial construction dreams a reality.