Scope and Impact of Internet of Things (IoT) and Artificial Intelligence (AI) in the Global Construction Industry

Abstract

Construction Industry projects for buildings are typically unique designs that are rarely imitated in terms of their arrangement, pattern, and structure. Smart manufacturing systems benefit from network performance optimization and the ability to reconfigure projects. The Global Construction Industry is changing in 195 countries because of advancement in digital technology. The Global Construction Industry are currently revolutionizing with synchronized communications, ecommerce and production with AI and IoT. Construction Industry is also strategically vital on a provincial, a national, and an international scale. The construction sector faces numerous challenges and significantly restrict its ability to grow, such as budget overruns, concerns about health and safety, productivity issues, availability, optimum utilization of skills and abilities of labours. Along with resolving the complicated issues systems built on IoT and AI capabilities will open up new business prospects, cost reduction and revenue increase possibilities and as well as innovative business models. AI and IoT is impacting in positive way used and use for real-time tracking and communications of labours, equipment and things on the site. It can also enhancing the quality of design and planning, project management and scheduling and alert managers of potential safety concerns, construction faults, and output concerns. Artificial Intelligence (AI) and Internet of Things (IoT), two highly developed digital technologies having Vast Scope and Impact for making life easy, confortable, hygienic and safe. Lowering the risk of accidents, avoid of expensive mistakes, improved operations, intelligent tasks such as speech recognition, language understanding, language translation, self-learning, reasoning, problem solving, perception, user interface, jobsite image handling, knowledge representation, predictive ability to be carried out by AI and IoT assisted home automation with or without human intervention. Digital sensors, Smart machinery, Mobile platforms, Cloud-based apps and new software system applications empowers the IoT and AI Construction Industry and home automation capabilities in several folds. India has hug scope of growth in Global Construction Industry using AI and IoT. This paper provides a concise literature analysis of AI and IoT use in the Global Construction Industry. The deployment of IoT and AI emerging technologies has had a significant positive long term impact with new scope on the construction industry's profitability.