With the advent of cloud and mobile technologies in the last few years, industry leaders have been focusing on digitizing construction workflows which can improve risk management. AI (Artificial Intelligence) and ML (Machine Learning) are powerful advancement to lessen and address construction risk. For instance, contractors have to deal with a flood of information every single day—thousands of issues, hundreds of RFIs, and numerous design changes and schedule adjustments. This is where AI and ML can help: by providing assistive and predictive insights on what is critical and actionable.
Potential applications of AI and ML in construction are vast, including project management and subcontractor management, construction site monitoring, and predictive analytics for quality and safety. Several innovative general contractors are using this technology to analyze project data in real time and make decisions to manage risk from quality, safety, schedule and cost perspectives.