DECEMBER 2023CONSTRUCTIONBUSINESSREVIEW.COM 19Adopting AI can streamline and expedite the development of projects traditionally known for being long and laboriousHowever, we must keep an eye on the inaccuracies these technologies can produce as they are still in their infancy.What, according to you, are some of the challenges in the construction industry?The advancement in the design and construction industry is just one side of the coin. On the flip side, it is riddled with numerous challenges. The most prominent issues are the lack of standardized practices and ways of deriving actionable insights. Companies often fail to adhere to Construction Specifications Institute (CSI) guidelines facilitated to efficiently communicate, organize, and analyze data. They often present the information in a way that makes it difficult to standardize and interpret. In addition to the inability to effectively harness the power of data, the high level of commoditization of the industry poses significant challenges for innovators aiming to introduce new technologies. Many projects end up incurring losses until a successful solution is found.Can you share any project initiatives that you are currently working on?Currently, we are working on a tool called IngeniousIO, designed specifically for owners and project managers. The goal of this tool is to create a centralized hub where information from multiple stakeholders and parties can be integrated. The information must, however, be presented in a standardized format to ensure that it can be understood and interpreted effectively. By establishing standards upfront, we can manage and analyze the data efficiently and apply it to benefit our owners. For instance, we can utilize it for quantity surveying, takeoffs, and the evaluation of plans and documents.What would be your piece of advice to our readers?My advice to vendors in the industry is to keep innovating and take calculated risks. The industry has always provided a prime environment for transformative change. However, due to commoditization, it is essential to embrace a "fail fast" mindset where one should learn from failures and move forward along with exploring new technologies and tools. For owners, my suggestion is to actively create opportunities to push the industry towards and open doors to new technologies. Unless people try new technologies, advancements in the industry are not possible. Embracing technologies like 3D printing and artificial intelligence is vital for progress as it can help owners identify opportunities to expedite the entire process. Although the benefits may not be immediately evident, such efforts can lead to significant long-term savings. This article is based on an interview between Construction Business Review and Todd Burns.
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