AI in the Constructio n Industry A Problem 24% Average cost escalation in North America 9/10 6x Projects experience cost overrun Trans Mountain Pipeline Budget Expansion Sources: Core, 2021; Global News, 2023 Project Overruns Factors Estimating Project Management Planning & Scheduling Inaccurate Quantity Take-off Poor Contractor Management Lack of Cost Planning Estimating Data Analysis & Pattern Recognition Automated Quantity Takeoff Natural Language Processing for Document Analysis Project Management KPIs Automation Allocation Evaluate contractor performance through AI-driven analysis of KPIs Automate project reports, reducing administrative load and ensuring clarity Analyze project needs for efficient contractor task assignments Planning & Scheduling Cost Analysis of Bids Budget Optimization Real-Time Updates Optimize procurement for cost-effective selections AI algorithms optimize budget allocation efficiency Recognize potential delays, constraints or changes in project scope A Problem Construction Industry Recognized as a High-Risk Industry 250,000+ Impact Number of Lost-Time Injuries in Canada Immeasurable Human and Societal Impact Sources: Government of Canada, 2021 Safety Measures Detection Training Automation AI-equipped cameras to identify worksite hazards like unsafe behavior or malfunctions VR simulations with AI to enhance worker safety training in realistic scenarios Drones with AI to automate safety inspections, analyzing images for compliance and quality Thank you! Sources Core. (2021). A Semantic Knowledge Base Approach to Automated Construction Safety Monitoring. https://core.ac.uk/download/pdf/237500399.pdf Global News. (2023). Trans Mountain pipeline expansion sees new cost overruns: Canadian regulator. https://globalnews.ca/news/10022611/trans-mountain-pipelinecost-overruns-canadian-regulator/ Government of Canada. (2021). Summary of the key findings from the Survey of Labour and Income Dynamics 2021. https://www.canada.ca/en/ employmentsocial-development/services/health-safety/reports/2021-injuries.html#:~: text=Out%20of%20the%20total%20number,21%2C176)%20injuries%20saw%20a %20decrease/