There is a market for artificial intelligence in construction.
The applications of artificial intelligence can be found in many different domains.
Definition: Machine learning is a subfield of artificial intelligence that refers to the process of teaching computers and software to improve their performance by using the data at their disposal. It is not essential to manually design a program or to train the computers to do any function. Rather, these tasks can be delegated to the computer.
Using computers to produce one-of-a-kind designs is made easier with the help of artificial intelligence in the building industry. Numerous architects now work in 3D and employ modeling software. The application of artificial intelligence in building construction not only enhances both the quality and the safety of building construction, but also significantly lowers the risks connected with building. With the use of artificial intelligence, a number of building tasks are capable of being automated. Some of the useful areas that artificial intelligence has brought about in the construction sector are machine learning, natural language processing, robotics, computer vision, and automated planning. These are just some of the domains.
The demand for artificial intelligence is expected to continue to rise. It is anticipated that the use of AI will expand in the construction industry due to variables including the administration of large-scale projects, production that is both cost-effective and efficient, management of time, and management of resources. Utilizing Artificial Intelligence can help cut down on the number of injuries that occur in the construction industry. During the course of the product’s development, Artificial Intelligence can assist with the management of the budget. It makes it possible for the employees and workers to receive knowledge and training that will help them enhance their skills. The implementation of artificial intelligence in construction has been helped along by efforts made by the government to increase worker safety. It is anticipated that the market for building would expand as a result of all of these factors.
The key players: Alice Technologies, eSUB, Microsoft, IBM Corporation, Oracle, SAP, Smartvid.io, Autodesk are some of the major players in the market.
The global Artificial Intelligence (AI) In Construction Market has been categorized based on the research findings.
Artificial Intelligence in Construction Market, by Component
- Solutions
- Revenue estimation
- Virtual assistant
- Design and planning
- Predictive maintenance
- Demand forecasting
- Others
- Services
- Training and consulting
- Support and maintenance
- Integration and deployment
Artificial Intelligence in Construction Market, by Stage
- Pre-construction
- Construction stage
- Post-construction stage
Artificial Intelligence in Construction Market, using AI to interconnect Applications
- Digital Collaboration: Capital Financiang, CRM, Equipment management, Estimation, Materials management, Predictive assessment performance, Project Scheduling, Real-time monitoring and control, Risk Management, Supply chain management, etc
- Back office: 3-D modeling, Contract management, Design management, Document management, Laser scanning, Productivity management, Virtual learning, Performance tracking and performance dashboards, et
- On-site Execution: 3-D Printing, Compliance, Construction materials market place, Drone field inspection, Off-site fabrication, Quality control, etc