Here’s the fact: We are in a very tight labor market. Can AI (artificial intelligence) step in to help solve the challenges? Is construction ready for AI to be ushered in at full force?
One thing the residential construction community has done really well is recognize trends and respond. When buyers requested more energy-efficient homes, builders delivered. When they asked for more “smarts” in the home, technology is what they got. Now, homebuilders are recognizing another growing trend that is getting ready to explode—senior living developments.
With the recent dinner and announcement of the Connected World WoM2M winners and the upcoming announcement of the Women in Construction winners in August, as part of the annual Constructech Technology Days event, the role of women in the labor force has been on our minds quite a bit lately here at Specialty Publishing Media.
We need to have a real conversation about how society perceives AI (artificial intelligence). Quite frankly, I think many people see it as this technology that is going to come in and take over our work and our play. It is going to fundamentally change, well, everything. Thank you very much Steven Spielberg and Haley Joel Osment for painting a very vivid picture that is hard to ignore. However, we need to have a real conversation about the true impact that it is going to have on our work.
Here at Constructech we have been talking about the impact of emerging technologies for quite some time. Things like AI (artificial intelligence), ML (machine learning), big data, and blockchain are changing the way the construction industry does business.
Quite candidly, something we don’t talk about enough in the construction industry—or any industry for that matter—is how to combat distracted driving. So many people are primarily concerned about what our teens are doing, but the fact of the matter is this epidemic is spreading fast and furious across all areas, and it is something construction companies need to be aware of among drivers and develop strategies to combat. (Although our own Peggy Smedley makes an effort every April to tackle the crises on her podcast in the hopes of raising greatest awareness).
I always pause when I hear about new emerging technologies—because quite candidly, technology only brings value if it solves a critical business problem.
I recently came across an interesting report that less than half of construction finance data is centralized—and quite honestly, it doesn’t surprise me. However, what is promising is the amount of individuals that recognize the potential impact of AI (artificial intelligence) and automation.