How Artificial Intelligence Is Changing

Construction
Monroe, Patricia . Hydraulics & Pneumatics ; Cleveland (Aug 8, 2018).

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ABSTRACT (ENGLISH)
AI Is Here to Stay According to a study by Harvard Business Review, 60% of respondents stated that their
company’s future success depends on the implementation of artificial intelligence. New Business Models in
Construction The technology combination of IoT and AI will change construction for the long term with new
business opportunities and revenue streams as well as new business models and structures that take advantage
of IoT and AI capabilities.  Artificial intelligence is expected to alter business models in the construction industry in
areas including logistics, customer relationshipmanagement, support, workflow automation, andfinance.

FULL TEXT
An AI system can enable such services as predictive maintenance, which multipliesthe value of the Internet of
Things (IoT). “With AI, users can learn patterns that lead to failures and make predictions such as construction
equipment failing if it is not serviced after a certain amount of time,” Maciej Kranz, ofCisco, explains. “The AI
system might also recommend how to operate the equipment to maximize its useful life, offering trade-offs
between performance and longevity.”
 
Machine learning makes the analytics systems “smarter” as time goes on and more data sets and patterns are
available. Kranz makes the analogy that AI is the brain and IoT is the body, with IoT providing both input (data) and
output (action) for the smart computing and analytics function of a centralized AI system. “By working smarter
together, users can make better day-to-day or planning decisions, whether on a construction site or in a
manufacturing facility or in a retail store,” says Kranz. 
AI Is Here to Stay

According to a study by Harvard Business Review, 60% of respondents stated that their company’s future success
depends on the implementation of artificial intelligence. Another 36% indicated their organizations were in pilot or
production use with machine-learning technology.
 
AEM offers guidance on overcoming barriers to AI adoption and its long-term implications for construction through
CONEXPO-CON/AGG 365 online. Although this type of technology can better empower construction teams to
handle critical tasks, several challenges are holding back widespread adoption that needsto be addressed first
before finding success with artificial intelligence. These include:
 
The fearamong workers—Some employees believe that AI is a job killer and that it will require a deeper
understanding of data science. However, as newer tools come out, AI is becoming an easier-to-use tool.
 
Cultural resistance—A cultural resistance to groundbreaking technologies exists and needs to be overcome. Kranz
emphasizes that it is important that people understand AI is here, and that movement on adoption should be a
priority, but only once a company’s needs and values have been assessed.

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Security—From an IT perspective, security is a huge issue, and the security industry is finally addressing the
special requirements of IoT, inclusive of AI, according to Kranz. “Just as they responded to Wi-Fi 15 years ago, they
are now focusing on security standards, interoperability, and certifications, from the device level through the
network and to the cloud.” 
Will artificial intelligence reshape the nature of construction sites? Views such as this wheel loader at work with no
human operator may just a small portion of what the future holds.
New Business Models in Construction

The technology combination of IoT and AI will change construction for the long term with new business
opportunities and revenue streams as well as new business models and structures that take advantage of IoT and
AI capabilities.
 
Artificial intelligence is expected to alter business models in the construction industry in areas including logistics,
customer relationshipmanagement, support, workflow automation, andfinance. Even more, artificial intelligence
can help in recreating realistic situations for training, reducing injuries and costly mistakes and making operations
more efficient. This can enable operators to better use existing labor resources, helping with the skilled labor
shortage in construction, according to Kranz.
 
In the future, cobotsand robots can work alongside workers, helping to speed construction, make quicker
decisions, and reduce costs and injuries. 
 
Learn more about industry trends and technologies through the CONEXPO-CON/AGG 365 enewsletter. The next
CONEXPO-CON/AGGinternational exhibition for the construction industries will be held March 10-14, 2020 in Las
Vegas.
 
Pat Monroe is with the Association of Equipment Manufacturers(AEM). For more information, email her
atpmonroe@aem.org, or call (414) 298-4123.
CREDIT: Patricia Monroe

DETAILS

Subject: Internet of Things; Construction; Artificial intelligence; Shortages; Business models

Business indexing term: Subject: Shortages Business models

Location: Las Vegas Nevada

Company / organization: Name: Association of Equipment Manufacturers; NAICS: 813910

Publication title: Hydraulics &Pneumatics; Cleveland

Publication year: 2018

Publication date: Aug 8, 2018

Publisher: Informa

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 Place of publication: Cleveland

Country of publication: United States, Cleveland

Publication subject: Engineering--Hydraulic Engineering, Machinery

ISSN: 0018814X

e-ISSN: 21621284

Source type: Trade Journals

Language of publication: English

Document type: News

ProQuest document ID: 2084795329

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Copyright: Copyright Penton Media, Inc., Penton Business Media, Inc. Aug 8, 2018

Last updated: 2020-11-18

Database: Engineering Database

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