Our news roundup starts with "How the AI Revolution will influence what we build and how we build it" from MileHighCRE. Catch a local story out of Rochester on AI, drones & robotics, and a case study on leveraging AI for a high-rise residential project in Durham, NC. Also, find a piece on how integration of AI in construction contracts is revolutionizing the legal landscape and a McKinsey report on securing a career in the face of an AI future. Wrap up with a story on partnering for success in data center development.
How the AI Revolution Will Influence What We Build and How We Build It
"The AI revolution is here, and it's taking the form of a complete transformation of America's electrical grid, water infrastructure and manufacturing industry. … As a result, global energy usage is expected to increase between 13-15% each year over the next decade, requiring an estimated $2 trillion of investment to upgrade utility infrastructure worldwide. … Water conservation will also become an increasing priority. … We must work together to ensure that the AI-powered economy is sustainable — and the construction industry will play a critical role. Here's a look ahead at how AI will impact what we build and how we build it in 2025." MileHighCRE
Rochester construction companies eye use of AI, drones and robotics in 2025
"A growing industry trend … is the growing use of artificial intelligence." Figures from 360iResearch show an estimated AI-in-construction market size of USD 1.52 billion in 2023; that is expected to reach USD 1.92 billion by the close of 2024 and will hit USD 8.42 billion by 2030. Among the many ways the construction industry uses AI are project management, quality control, job site safety, parametric design and drones that utilize AI software. Rochester Business Journal
The impact of AI on construction
All construction companies must invest in decision-making AI capabilities, no matter which value chain segment they are in. Decision-making capabilities include calculating, forecasting and planning. From creating conceptual designs to financing projects to constructing buildings, decision-making AI will help construction companies make data-driven decisions. GlobalData
Buildots and Samet Leverage AI for Residential Project
The construction of The Novus, set to become the tallest residential building in North Carolina’s Durham region, leverages AI technology in a collaboration between Buildots and Samet. The approach developed by Austin Lawrence Partners and Global Holdings Management Group aims to enhance project efficiency and project schedule adherence.
GlobalData
Harnessing AI in Construction Contracts: Key Insights for Defense Attorneys
The integration of AI in construction contracts is revolutionizing the legal landscape. AI can significantly enhance the efficiency, consistency, and accuracy of contract drafting, and defense attorneys should stay up to date about AI advancements and consider integrating AI tools to enhance their contract management processes. JDSupra
AI and the construction industry: Securing a career for the future
The impending impact of artificial intelligence has become a constant buzz in the news cycle. One of the most salient issues that arises is AI’s impact on the workforce. If you expect to work for at least another 10 years, will you have a job, or will AI turn you into a redundant human? Institutions that take a strategic view of this question are beginning to offer at least a glimpse of what we can expect. A recent study by McKinsey has the proverbial bad news/good news outlook, depending on your position across the employment spectrum. Philadelphia Business Journal
On Background
AI in the Data Center: Building Partnerships for Success
As demand for AI continues to skyrocket, data center developers and operators must find ways to increase capacity. However, many are running up against constraints that limit their ability to build new facilities, access the power they need and ensure reliable operation. … The right partnerships can help data center developers and operators address the challenges through innovative approaches to power generation, cooling, infrastructure design and more. Data Center Frontier