While many construction technologies seem like a hammer searching for a nail, many new ventures, like hh2, are combining the best of tech with the best of modern breakthroughs.
One company that has been making great strides forward, Bechtel, has been using artificial intelligence to save time and money. The company, which has assisted in 25,000 projects, including the English Channel Tunnel, uses the big data and analytics center (BDAC) to process 5 petabytes (5 billion gigabytes) of data to apply to its technologies. One field where it has been applied is in the automatic surveying of jobsites, saving companies millions of dollars with what had previously been face-recognition software.
Another application of BDAC is to read contracts, proposals, bids, and other documentation, to reduce the time of making an estimate from weeks to mere hours. They’ve even announced using the AI to manage human resources around material availability, labor shortages and the weather.
AI is on target to be an $11 billion industry by 2024, growing at $2 billion per year by 2023.
One of the most well-known AIs, IBM’s Watson, a program that was originally designed to play the game Jeopardy, has now been a pioneer in BDAC, a jack of all trades, though perhaps a master of none. One example is the computer’s foray into oncology, which prescribed dangerous treatments on cancer patients. AI isn’t 100% perfect—yet.
David Wilson, Chief Innovation Officer of Bechtel, states that “AI and the pending robot apocalypse are very exaggerated at the moment. I certainly don’t see a robotic army replacing humans any time soon.”
But he went on to laud AIs future: “The goal is to make sure we are using technology innovation to get the right resources to the right person, at the right place, at the right time.”
To read more about AI and technology, visit Forbes.