Fixed assets, such as buildings, infrastructure and equipment, are often a hospital’s largest ones. The inventory, condition and reliability of these assets, however, remains elusive for many hospital executives. Capital investment planning is based on limited info, leading to an often inefficient allocation of scarce capital resources. Will these assets live up to their expected performance?
Niall Reynolds For Construction Executive: 'Improve Capital Project Outcomes With Emerging Technology'
Capital projects are time-consuming, labour-intensive and expensive. New technologies can do a lot to simplify or eliminate many tasks—from redundant paperwork to manual processes in all stages (including initiation, planning, executing, monitoring and control, closing and operating). The most valuable emerging technologies are those that help address the basic need to balance the project triangle of scope, schedule and cost.
Our Machine Learning and Data Scientist, Michael Matosin, reveals the actual applications for Artificial Intelligence in Construction. There's a general idea of AI as an experimental field, something we will use in the future. Of course, there's a lot to develop, but in the present days, we can use this technology, such as drones automating inspection processes and generating reports.