Home ยป Global survey reveals slow AI adoption across the construction industry

Global survey reveals slow AI adoption across the construction industry

by Priya Kapoor

Global Survey Reveals Slow AI Adoption Across the Construction Industry

The construction industry, known for its reliance on traditional methods and manual labor, is experiencing a significant shift towards embracing digital technologies. However, a recent global survey conducted by the Royal Institution of Chartered Surveyors (RICS) has revealed some surprising insights into the adoption of artificial intelligence (AI) within the sector.

According to the survey findings, 56 percent of investors in the construction industry are planning to increase their funding for AI technologies in the near future. This indicates a growing recognition of the potential benefits that AI can bring to construction projects, including improved efficiency, cost savings, and enhanced decision-making processes.

Despite the apparent enthusiasm among investors, the survey also uncovered a concerning statistic – 45 percent of construction firms currently have no AI adoption whatsoever. This lack of uptake of AI technologies highlights a significant gap between the perceived benefits of AI and its actual implementation on the ground.

One of the key reasons for the slow adoption of AI in the construction industry is the perceived complexity and cost associated with implementing these technologies. Many firms may be hesitant to invest in AI due to concerns about the initial outlay required, as well as the time and resources needed to upskill employees and integrate AI systems into existing workflows.

Another factor contributing to the slow adoption of AI in construction is the industry’s traditional reliance on manual labor and established ways of working. There may be a resistance to change among some firms, particularly those that have been operating successfully using traditional methods for many years.

However, the survey findings also point to a growing awareness of the need to embrace digital transformation within the construction industry. As technology continues to advance at a rapid pace, construction firms that fail to adapt and incorporate AI into their operations risk falling behind their competitors and missing out on the numerous benefits that AI can offer.

For example, AI technologies can help construction firms streamline project management processes, optimize resource allocation, and improve safety on construction sites. By harnessing the power of AI, companies can gain valuable insights from data analytics, enhance productivity, and deliver projects more efficiently and cost-effectively.

To bridge the gap between the potential of AI and its current adoption levels in the construction industry, firms must prioritize education and training on AI technologies. By investing in upskilling their workforce and fostering a culture of innovation and experimentation, construction companies can overcome the barriers to AI adoption and unlock the full potential of these transformative technologies.

In conclusion, while the global survey conducted by RICS has highlighted the slow adoption of AI across the construction industry, it has also underscored the growing momentum towards embracing digital transformation. By addressing the challenges and barriers to AI adoption, construction firms can position themselves for success in an increasingly competitive and technology-driven market.

#constructionindustry, #AIadoption, #digitaltransformation, #RICSsurvey, #technologyintegration

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