Construction behind the curve implementing artificial intelligence solutions
Recent studies have shown the construction industry is behind the curve in implementing Artificial Intelligence solutions which have the potential to drive how buildings are designed, built and used in the future while increasing efficiency, productivity reducing expensive errors and worksite injuries by improving safety.
AI (Artificial Intelligence) networks can predict cost overruns based on factors such as project size while contractors are able to monitor and prioritise risk on the job site, allowing the project team to focus on the biggest risk factors.
Project managers can track job site work in real time while technology now allows self-driving construction machinery to perform repetitive tasks such as pouring concrete, bricklaying, welding, and demolition. AI systems are capable of detecting unsafe behaviour and alerting the construction team of potential hazards. Site security can employ remote monitoring systems relying on IoT (Internet of Things) sensors combined with night vision, infrared and thermal sensing cameras to capture real-time data streams.
It is predicted that the use of AI in the construction industry will become increasingly important over the coming years with Research Dive anticipating that the global AI in construction market could generate revenues in excess of $2.3bn by 2026.
However, it is essential before implementing AI that the legal, regulatory and practical risks are fully understood. This includes how personal data is managed and analysed such as facial recognition software which monitors access to sites and can assist in payroll collation.
AI developments can deliver drone-collected images to compare construction defects against existing drawings which could help if a contractor or subcontractor files a claim. However, any increase in the use of AI raises the possibility of a cyberattack on a specific construction site’s systems and this needs to be taken into consideration by companies who embrace new technology.
With AI generated information it is crucial to recognise that any failure to comply with data protection legislation could lead to criminal prosecution and significant fines. Therefore, it is important to establish who will own the generated data, know-how or other intellectual property derived from the new technology, and who will take responsibility for its commercialisation.
W Denis Insurance Brokers has a dedicated specialist brokers for Construction and Technology Risks. To discuss this further with an expert at W Denis, please make arrangements with email@example.com and on 0113 2439812
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