Construction hopes high on AI, but adoption lags
AI Article Summary
A recent report from the Royal Institution of Chartered Surveyors indicates that while there is strong optimism about AI in the construction industry, its implementation remains low, with only 45% of organizations using it and just 1% having scaled it across projects. The report highlights significant barriers to AI adoption, such as a lack of skilled personnel and integration challenges, despite 70% of professionals believing AI can add value. Investment plans are inconsistent across the industry, with some firms planning to increase spending and others not. The report calls for collaboration in the industry to overcome these challenges and ensure responsible AI use.
What This Means for Canadian Contractors
For Canadian builders, this means that while AI promises significant efficiencies in project design and management, implementation may be stunted without addressing workforce capacity and data quality issues. The slow adoption and inconsistent investment plans suggest that potential funding could be misallocated if firms are not prepared. Builders should thus focus on upskilling their workforce and improving data integration to capitalize on AI advancements.
