Artificial Intelligence (AI) has disrupted many industries but architecture, engineering, and construction (AEC) lag behind other sections of the economy. New technological advancements and applications of AI make it clear that disruption is finally knocking at the door of our industry as well. How can we prepare for the impending changes? And even more importantly, how can we take advantage of the tremendous opportunities that will arise?
As the world shifts towards a more digitized future, the data economy is thriving, and many companies are starting to see AI as an important means of creating competitive advantage. Through applications of AI, companies of different backgrounds in various industries are finding evermore effective solutions, meeting their demands at a faster pace, and tackling larger and more impactful challenges every day. Together with increased connectivity and automation, AI is a fundamental component of the Fourth Industrial Revolution (Industry 4.0). Up until now, the AEC industry has had a slow response to these developments, but now, we are standing at the brink of disruption and we predict significant changes will happen to our industry in the near future.
Climate change, population growth, urbanization and globalization are megatrends which are creating different societal needs related to housing, infrastructure, transportation, and construction. Furthermore, 2020 – with the pandemic, economic turmoil, and societal unrest - has increased the demand for more effective and faster solutions societal challenges. A paradigm shift is required to successfully face the future.