AIclearing

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AI Clearing offers AI-powered construction progress monitoring for comprehensive digital field tracking, aiming to lower re-work costs and mitigate litigation risks.

How AI Clearing can help you:

Enables automated, advanced 4D geospatial analytics for actionable insights.
Integrates with existing systems for seamless and efficient data flow.
Empowers drastic reduction in reporting cycles.
Provides interactive online dashboards and PDF reports for easy access to data.
Offers full digital field construction progress tracking with real-time insights.

Why choose AI Clearing: Key features

State-of-the-art AI and GIS/CAD technology integration.
Market-exclusive provider of AI-driven construction progress monitoring solutions.
High level of automation for efficient reporting and insights.
Fully autonomous solutions with 100% site coverage.
Real-time red flag detection to prevent project delays.

Who should choose AI Clearing:

Construction companies seeking to improve project tracking and reduce costs.
Organizations looking to digitalize construction site monitoring.
Teams aiming for seamless integration of AI technology into their construction projects.
Stakeholders needing real-time, actionable insights for better decision-making.

About AIclearing

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https://www.aiclearing.com

Release Date

March 2024

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Artificial Intelligence in Construction Market to Witness 34.1% CAGR by 2031 | SkyQuest Technology

Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter Westford USA, Dec. 11, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Artificial Intelligence in Construction Market size will attain the value of USD 9335.08 Million by 2031, with a CAGR of 34.1% during the forecast period (2024-2031). Artificial intelligence in construction industry has made significant strides, transforming the traditional construction landscape AI technologies are being used to optimize the various aspects of the construction life cycle, increasing efficiency, accuracy and safety. AI is proving incredibly valuable in planning and coordinating project management and maintenance. One important activity is building information modelling (BIM), which uses AI systems to generate 3D models, enabling stakeholders to better visualize projects. AI-driven predictive analytics helps project processes, materials allocation and risk assessment, reduce delays and cost overruns. Drones and autonomous vehicles equipped with AI are making their way to construction sites for surveys and data collection, speeding up once time-consuming operations. Download a detailed overview: https://www.skyquestt.com/sample-request/artificial-intelligence-in-construction-market Browse in-depth TOC on "Artificial Intelligence in Construction Market " Pages - 197 Tables - 65 Figures - 70 Artificial Intelligence in Construction Market Overview: Report Coverage Details Market Revenue in 2023 USD 892.66 Million Estimated Value by 2031 USD 9335.08 Million Growth Rate Poised to grow at a CAGR of 34.1% Forecast Period 2024-2031 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered Offering, Application and Region Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America Report Highlights Integration of AI-powered Project Management Applications Key Market Opportunities Building Information Modeling (BIM) Integration Key Market Drivers Efficiency and Productive Enhancement Solution Segment to Dominate Due to Enhancing On-site Operational Efficiency The solution is expected to dominate the artificial intelligence in construction market share. Notable manufacturers such as IBM, Microsoft, and Oracle are actively providing AI solutions tailored to the enterprise sector. These AI solutions play a key role in increasing operational efficiency on site by integrating key construction tasks including risk assessment, project planning, scheduling and supply chain management. Project Management Segment is Growing Due to Integration Of AI-powered Applications The project management segment is expected to play a major role in artificial intelligence in construction market growth. More and more companies are adopting project management services throughout the construction phase -- pre-construction and post-construction. This strategic approach dramatically increases productivity and efficiency by automating critical manufacturing processes. These include concept design, design and planning, sourcing and contract management, and virtual design and construction. Asia-Pacific to Growing Owing to Increasing Investment in Infrastructure The Asia-Pacific region is poised to exhibit the highest annual growth rate (CAGR) in the artificial intelligence in construction market forecast. Increasing investment in infrastructure for purposes such as risk management, business management and supply chain efficiency is fueling market expansion in APAC. Emerging economies such as India and China are showing growth it is notably reflected in the adoption of the pre-construction AI applications. Moreover, efforts to develop smart cities in these countries are driving the companies to adopt AI solutions and services, further encouraging the region's growth trajectory. Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-in-construction-market Drivers Efficiency and Productivity Enhancement Predictive Maintenance Increased Adoption of Robotics and Automation Restraints Initial Investment and Integration Costs Resistance to Change Data Privacy and Security Concerns Prominent Players in Artificial Intelligence in Construction Market IBM Microsoft Oracle Autodesk Trimble SAP Bentley Systems Caterpillar Inc. Komatsu Ltd. ABB Ltd. View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/artificial-intelligence-in-construction-market Key Questions Answered in Artificial Intelligence in Construction Market Report Which are the growth factors of the market? Which is the fastest growing region in the market? What are the key restraints of the market? What are the key trends of the market? This report provides the following insights: Analysis of key drivers (efficiency and productivity enhancement), restraints (cost of implementation), opportunities (building information modelling (BIM) integration) influencing the growth of Artificial Intelligence in Construction Market. Market Dynamics: Comprehensive information about the various products offered by the dominant players in the Artificial Intelligence in Construction Market. Product Development/Innovation: An overview of emerging trends, R&D activities and product launches in the Artificial Intelligence in Construction Market. Market Growth: Detailed information on profitable growing industries. Market Trends: Complete information about new products, emerging geographical areas and recent developments in the market. Competitive Analysis: An in-depth analysis of the market segments, growth strategies, revenue analysis, and products of the key market players. Related Reports: Data Center Market Quantum Computing Market Managed Network Services Market Sensor Market E-Commerce Market About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Mr. Jagraj Singh Skyquest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ Market News and Data brought to you by Benzinga APIs

Benzinga

Wed, 11 Dec, 2:25 PM UTC

Bridging the talent gap: harnessing AI to transform the construction industry

AI bridges skills gap, boosts productivity, and drives digital transformation in construction Like almost every other industry, artificial intelligence stands poised to transform the way the built environment operates. But while generative AI tools like ChatGPT are a reasonably novel addition, other forms of the technology have been making major impacts in the construction sector for some time. AI tools are already helping industry professionals with many use cases across the lifecycle of a project or asset - improving design, planning, safety, quality, sustainability, and productivity as a whole. The tech can handle the more monotonous tasks, allowing us to be more productive and creative with how we work. Autodesk's recent State of Design & Make Report found that AI is shaping business transformation across industries as trust in the technology grows, with almost two-thirds (61%) of construction leaders surveyed saying they are approaching or have achieved their goal of incorporating AI into their operations. Businesses are already using it to increase productivity and automate work, and leaders predict that generative AI will help people make critical design decisions about physical products, buildings, and digital assets in the next few years. AI is a key driver of digital transformation across AECO and in parallel, enables digital acceleration for companies to continually evolve and adapt to achieve their desired business outcomes. I'm particularly excited about the way AI can level the playing field. It has the potential to bring construction's tech capabilities up to speed with other, more digitally native industries, and also gives smaller firms access to the same game-changing tools as their heavyweight counterparts. A world where companies of all sizes can get the benefit of AI means more competition, more innovation and ultimately better outputs. Construction firms are faced with an aging workforce, attrition, and a well-publicized skills gap. According to the Construction Industry Training Board (CITB), the industry recruited 200,000 new workers in the UK last year, but still experienced a net talent loss, with 210,000 leaving. The speed of digitalization is only widening this skills gap, with organizations vying for a limited pool of the best tech talent. It's no surprise then that 36% of industry leaders we surveyed in our report said supplementing a skills gap was a key use case for AI within their business. As workforces get leaner, businesses see AI's potential to help manage workloads on smaller teams, free up employees for more meaningful and creative work, and plug talent shortfalls. While it doesn't solve the core problem, AI will enable the brilliant people in our industry to achieve even more by augmenting and supporting their talents, and expertise. When it comes to the successful implementation of AI in construction, having a skilled and knowledgeable workforce is key, so construction professionals will need to be trained on the tech, data analysis, and a multitude of systems to effectively use it on their projects. This requires a commitment to ongoing education and upskilling within the industry. The closer people are to understanding the benefits and risks of AI, the less inclined they'll be to think that it will replace what they do, rather seeing its potential to augment and enhance our work. Before adopting more complex technologies like AI, construction firms need the foundation of a solid digital and data strategy in order to produce truly actionable insights. Autodesk's recent report with Deloitte, surveying construction leaders in 12 different countries, showed that those considered 'data leaders' were seven times more likely to deploy AI and machine learning solutions. The good news is that the UK has the highest share of data leaders (18%) of the five European countries analyzed, indicating the importance of data across UK construction. But while the benefits of data leadership are clear, several challenges are hindering the widespread adoption of data-driven practices in construction. One significant barrier is data fragmentation. According to the Deloitte report, 43% of UK construction leaders reported that their organizations were storing data on too many different platforms, leading to difficulties in integrating and analyzing information. Using tools like a Common Data Environment (CDE) significantly helps businesses by providing a centralized, integrated and standardized platform for data management. This ensures project data is clean, well-organized and readily available for AI deployment. The potential for AI to address some of construction's most pressing challenges is enormous. We need to embrace AI and what it can offer to augment and enhance our working lives, while ensuring we don't become overly reliant on it, which could lead to a drop in standards or quality of workmanship. This is why regulation and companies implementing guidance is crucial. The impact of AI on the workforce is a topic of both excitement and anxiety. The risky and costly nature of most construction processes means that even the smallest of errors can have huge implications. As a result, there is often little appetite to move away from the traditionally known, tried, and tested ways of doing things, even when these innovative technologies have the potential to deliver substantial rewards. By having a solid foundation of data leadership and management, and taking an approach to AI that puts our amazing people at the heart of it, AI can be a launchpad for the construction industry to reach new heights. We've listed the best architecture software.

TechRadar

Mon, 11 Nov, 8:02 AM UTC

Trimble Integrates AI into Construction Management Tools, Offering Free Version of ProjectSight

Trimble unveils AI-powered features in its construction management software, including a free version of ProjectSight, to enhance efficiency and accessibility for contractors of all sizes.

2 Sources

Tue, 12 Nov, 12:05 AM UTC

AI in Construction: Revolutionising the Construction Industry Event in House of Lords, 22 November

LONDON, Nov. 13, 2024 /PRNewswire/ -- On Friday, 22 November 2024, the historic House of Lords will host the landmark event "AI in Construction," an exclusive gathering to explore how AI is transforming the construction sector. This prestigious event will feature a keynote by Dinis Guarda, with additional panel insights by speakers Louize Clark and Ilyas Oren. 'AI in Construction' will showcase how AI is reshaping planning, execution, and sustainability in the construction industry. Leading industry experts will share invaluable insights into the cutting-edge AI tools and technologies that are already making significant inroads into traditional construction practices. The event is a pivotal platform for fostering high-level discussions among industry leaders, government officials, engineers, architects, and academics. "AI is reshaping almost every industry. Its integration into construction and engineering promises profound transformation - an industry where bidding and tendering, project planning, procurement, budgeting, regulatory compliance, data processing, precise cost estimation, safety, and risk management are crucial. The 'AI in Construction' event offers an exceptional opportunity for professionals to come together, learn from inspiring industry leaders, and connect. It's a chance to explore the innovative technologies that are shaping the future of construction and enhancing the ways we work and collaborate in this vital field", says The Honourable Richard John Evans, organiser of the event and Founder of AFFINITY. 'AI in Construction': Special Features of the Event The 'AI in Construction' event features distinguished speakers, each bringing unique expertise and perspectives on the transformative role of AI in the construction industry. About the featured speakers: Dinis Guarda, keynote speaker, is an author, influencer, Founder and CEO of Ztudium Group, AI.DNA, Businessabc, Smart Cities DNA, and Citiesabc. Dinis has been advising governments and major global corporations on AI and 4IR. He will share his keynote about how AI is reshaping, disrupting the construction and real estate industry, from the use of generative design tools to innovative sustainability solutions. According to Dinis Guarda: "The construction industry contributes to approximately 13% of the world's Gross Domestic Product (GDP) the McKinsey & Company reports. This sector encompasses a wide range of activities, including real estate development, infrastructure projects, and industrial construction, all of which play a crucial role in economic development and employment worldwide. The 'AI in Construction' event is a showcase of innovations like generative design and optimisation, predictive analytics for project management, AI-enhanced safety monitoring, autonomous and smart equipment, and robotics and automation. With AI poised to disrupt the $379 trillion industry, the event urges the business leaders, governments, and policy makers to come together and contribute to the alignment and redesign of the industry." Louize Clark, a researcher and serial entrepreneur Founder of Keeping Ahead. She has been working with the UK Government and major corporations. She will speak about the pivotal "golden thread of AI data," emphasising its significance in creating a smarter and safer construction industry. "Safety in Construction is not just a concept but a necessary foundation for building a smarter, safer, and more efficient construction industry. The 'AI in Construction' event is an opportunity to weave together technology, insight, and action to reshape how we design, build, and sustain our infrastructure", says Louize. Ilyas Oren, CEng FCIBSE MIET, a professional and expert in the construction industry will address the topic of achieving "Net Zero with AI in Construction", highlighting the importance of AI-driven digital twins and their role in reducing operational carbon emissions and promoting environmental responsibility. "Digital twin technology is the key to carbon neutrality and sustainability in the construction industry. Achieving net zero in construction isn't just a distant goal; it's a tangible reality we can reach with the integration of AI. By leveraging intelligent systems to optimise energy use, material efficiency, and sustainable practices, we can build a future where construction meets the needs of today without compromising tomorrow. The 'AI in Construction' event aims to highlight the pressing need for innovative approaches within the UK and global construction industry, particularly in light of the ongoing housing and environmental issues that call for effective and sustainable solutions", says Ilyas Oren. Key topics of discussion at the 'AI in Construction' event The AI in Construction event will explore key topics, including: The transformative impact of AI across the industry: Focuses on AI's predictive analytics for safety enhancements, enabling proactive risk mitigation, operational efficiency, better inventory management, and improved on-site security.How AI optimises planning and design: by analysing historical data to streamline processes, reduce costs, and enhance overall efficiency.Resource management: Showcasing AI's ability to allocate materials and labour effectively, curbing waste, and boosting productivity.AI's role in predictive supervision, enabling timely equipment maintenance and seamless project timelines.AI's positive contributions to environmental sustainability. It will emphasise how AI can help reduce material waste and energy consumption, align with global sustainability objectives, and ultimately lessen environmental impact. "Artificial intelligence is revolutionising the way we tackle complex processes by introducing cutting-edge tools that streamline operations and elevate them to new heights. With capabilities such as machine learning, natural language processing, and generative AI, these innovative solutions are poised to transform the future of our industry in exciting ways. Get ready for a redefined experience that harnesses the power of technology to enhance our work like never before.", says Lord David Charles Evans of Watford. Dinis Guarda, the keynote speaker, will release his latest research publication, 'AI in Construction and Real Estate', with a Foreword by The Lord David Evans of Watford British publisher, entrepreneur and philanthropist, Member of the House of Lords,during the event. This research book highlights the radical transformation of the combined global real estate and infrastructure market, including the residential, commercial, and industrial assets. Powered by Ztudium Citiesabc, Constructionabc and Booksabc, the book is available in publication, audiobook, ebook, and website. The 'AI in Construction' event is expected to draw over 100 construction professionals. About AFFINITY Construction Collaboration AFFINITY facilitates seamless information exchange among key stakeholders in the construction sector, fostering collaboration and enabling the sharing of crucial insights on topics ranging from Innovation, Diversity, ESG, Modern Methods of Construction etc. This platform serves as a dynamic hub, connecting professionals and allowing them to discuss vital aspects of our construction industry. It presents a unique opportunity for networking and engagement at the highest level including our Special Interest Groups meeting regularly. About The organiser Honourable Richard John Evans The Honourable Richard John Evans is an international networker and business leader with a background in construction supply chains, modern construction methods, foreign direct investment, renewable energy projects, and infrastructure and real estate investment. Richard has founded multiple global companies like Balmoral Global Capital Ltd, ACE Modular Construction and Anglo Eastern Timber Alliance, and AFFINITY, a Construction Collaboration leading worldwide and encompassing major verticals like Turkiye GB and Saudi GB. The Honourable Richard John Evans Email: richard@octaviusgb.com View original content:https://www.prnewswire.com/news-releases/ai-in-construction-revolutionising-the-construction-industry-event-in-house-of-lords-22-november-302304293.html SOURCE AFFINITY Market News and Data brought to you by Benzinga APIs

Benzinga

Wed, 13 Nov, 4:07 PM UTC

Procore Unveils AI-Powered Agents to Revolutionize Construction Management

Procore Technologies announces the launch of Procore AI, featuring AI-powered Agents designed to enhance project efficiency and decision-making in construction management.

2 Sources

Thu, 21 Nov, 12:06 AM UTC

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