Artificial Intelligence (AI) is revolutionizing the construction industry, optimizing processes, enhancing productivity, and promoting efficiency. However, to truly understand the impact of AI in construction, it’s crucial to measure its effectiveness using key metrics. Here are some of the most important metrics for evaluating AI in construction.
Cost Savings: One of the primary reasons for implementing AI in construction is to reduce costs. AI can help identify inefficiencies, predict potential issues, and optimize resource allocation, leading to significant cost savings. The amount saved by clients, as seen in Cognitive Corp’s case, can be a substantial metric to evaluate the effectiveness of AI.
Reduction in Change Orders: Change orders can cause delays and increase costs. AI can help reduce the number of change orders by improving project planning and management. The mean average reduction in change orders can be a valuable metric to assess the impact of AI.
Schedule Delay Avoidance: Delays in construction projects can be costly. AI can help predict potential delays and provide solutions to avoid them. The typical amount of schedule delay days avoided can be a significant metric to evaluate the effectiveness of AI.
Energy Optimization: AI can be used to optimize energy use in construction processes, contributing to sustainability goals. Metrics related to energy forecasting and optimization, such as the reduction in energy consumption or carbon emissions, can be used to evaluate the impact of AI.
Indoor Environmental Quality (IEQ) Monitoring: AI can help monitor and improve the indoor environmental quality of buildings, leading to healthier and more productive work environments. Metrics related to IEQ, such as air quality levels, can be used to assess the effectiveness of AI.
Anomaly Detection: AI can help identify operating anomalies in building management, leading to improved efficiency and reduced costs. The number of anomalies detected and resolved can be a useful metric to evaluate the impact of AI.
Proof of Concepts (PoCs): Before fully implementing AI solutions, PoCs can be conducted to test their effectiveness. The success rate of these PoCs can be a valuable metric to assess the potential impact of AI.
In conclusion, evaluating the impact of AI in construction requires a comprehensive approach, considering various metrics related to cost savings, efficiency, sustainability, and quality. By effectively measuring these metrics, construction companies can ensure they are maximizing the benefits of AI.
Remember, the goal of AI in construction, as with Cognitive Corp, is not just to prepare for the future, but to actively build it. By integrating cutting-edge technology with a deep understanding of the built environment’s challenges, we can make meaningful societal impacts.