Artificial intelligence & machine learning in the construction sector

Introduction to Artificial Intelligence and Machine Learning, discussing the capabilities of these technologies today and their long-term potential.

New Zealand companies have been reaping the benefits of AI, including powerful insights from data, improved customer engagement and the real-time tracking of workers, machinery or objects.

To get the most out of digital adoption, companies should invest in areas specific to their unique needs.

Consulting accountants or financial advisors can help identify areas where a business requires growth or support.

All businesses should set tangible goals with fixed deadlines, and consider what tools, digital or otherwise, can help to achieve these goals; if they are within budget, they should be used.

The construction industry requires constant attention to risk mitigation and supply chain issues, with global demand for infrastructure set to grow.

Embracing digital technologies can help companies overcome the limited data storage and compliance capabilities of non-digitised processes.

Many companies use AI to develop safety systems for worksites, including setting up automated alerts that can notify supervisors of potential safety issues, construction errors and productivity issues.

Digital employees can provide round-the-clock and effective customer service.

Augmented and Virtual Reality technology (AR and VR) can complement this experience, by allowing people to take virtual tours before, during and after construction.

Third-party AI advisors and providers that can audit business practices and identify any opportunity for AI or machine learning solutions.

AI systems can help to keep projects on track and within budget. They can also take over administrative tasks like reminders, schedules and updates, so that managers can focus on more important issues.

Success is not about simply acquiring and integrating new technology. It’s about developing an organisational strategy that integrates an insights-driven approach to key decisions, processes and business models in a way that enables the company to make investments at the right time and for the right reasons.

To be useful, AI software needs comprehensive, accurate, and precise data.

Go to www.newzealand.ai to explore companies in NZ that offer proven AI solutions for all industries.