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How AI is going to transform the Industries around?

By 2026, total spending on artificial intelligence (AI) in the construction industry is expected to reach over $4.5 billion.

In fact, it is estimated to bring about a 71% increase in profit by 2035.

Al can analyse/evaluate large quantities of data, use reason to make assumptions about that data, predict outcomes, and make decisions far ahead of normal human capabilities in specific cases.

It’s the tech that challenges / disrupts the current human-centred model of decision-making.

Many construction companies are using artificial intelligence. Here are reasons why it’s important :

➡️ AI helps construction workers do more in less time.
➡️ It increases ROI and makes projects more profitable.
➡️ AI provides people with new ways to think about design.
➡️ AI prevents expensive mistakes from happening.
➡️ AI will allow us to do more with fewer workers.
➡️ AI ensures the safety of workers on site.

Leaders should prioritise investment based on areas where AI can have the most impact.

Early movers in the AI industry are going to benefit in the short and long term.

Better stay ahead of the curve.

Authored by Akhilesh Srivastava
NHEV Knowledge Group Member | World Economic Forum | IT Advisor to Government of Uttarakhand

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