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Our Senior Analyst and Machine Learning expert, Michael Matosin, talks about how AI and ML can predict possible mistakes during the construction delivery process. By using these tools properly, we can save significant time and money and maintain the project quality, but using the tools incorrectly can cause more problems instead of solving them.
Matosin gives us the keys to enhance such essential parts like quality, safety and schedule estimates.
In the United States, healthcare consolidation is booming these days. The sheer number of healthcare-related mergers and acquisitions hit a new record in 2018, up from a record set just one year prior.
"Steve Jobs famously said that computers are like a bicycle for the mind. VR is very much a bicycle for our spatial cognition." Spivey Lipsey defends the value of Virtual Reality in construction combined with BIM production.
With a minimal additional cost, we can improve the accuracy of all the immersive aspects of 3D models, ease the sequencing of elements and link schedule information to geometry. And, of course, it also helps to align the design to client expectations.
Over two centuries ago, German writer Johann Wolfgang von Goethe quipped that “Few people have the imagination for reality.”
Maybe that’s why virtual and augmented reality technologies, which allow people to see structures and spaces before they’re built, are making significant inroads into the construction industry today.
In June, we had the pleasure of participating in AU London 2019, a conference that brings together professionals from the converging worlds of design, engineering, construction, manufacturing and digital arts. Over the course of two eventful days, the best in the business came together to share technical knowledge, solve unique business challenges, and gain a deeper understanding of cross-industry opportunities.
Director of Design Technology David Flynn authored an article in Construction Executive about how proper information management in construction can bring tangible financial benefits.
"Construction players can interact directly with a project’s cost, schedule, design, construction and ops process and connect intangibles such as activities and risks. The result: a truly cohesive integrated asset lifecycle that recovers value and reduces costs".
The AACE International Conference & Expo highlights the best and most current tools and techniques used in the industry today covering a wide range of programs and projects. There are over 100 hours of presentations to choose from covering a diverse group of topics such as BIM; cost and schedule control, IT/IM in project and cost management, planning and scheduling, decision and risk management, total cost management, and more.
McKinsey says that while sectors such as manufacturing, retail, and agriculture in the United States have increased productivity 1,500% since 1945, construction is still where it was 80 years ago. The trend led the global consulting firm to conclude that construction has an “intractable productivity problem” while identifying the sector as the second-least digitized industry in the United States.
If you work for a large company, chances are it has multiple construction and infrastructure projects in play throughout the year. It has, in other words, a capital projects portfolio—a collection of resource-intensive activities that it’s doing or considering doing.
Michael Matthews, Vice President of Strategy & Consulting at Enstoa, will be part of a panel discussion on 'Increasing project value with blockchain and smart cities' at 10:30 AM. If you are planning to attend the event be sure to meet with Enstoa's team!