The construction industry is undergoing a rapid transformation, thanks to the power of artificial intelligence (AI). With an annual global spending of over $10 trillion on construction-related activities, the industry is projected to grow by 4.2% until 2023. A significant portion of this investment is directed towards technological advancements like AI, which are helping workers realize value throughout project lifecycles. Here, we delve into the top 10 companies offering AI solutions that are reshaping the construction industry.
Caidio offers AI-based software designed to enhance the productivity and quality of concrete construction. With over three decades of expertise in automated industrial measurement, Caidio empowers its customers to increase quality, decrease construction time, and cut costs, revolutionizing the concrete construction and quality verification process.
Nyfty.ai provides jobsite automation that can communicate with subcontractor scheduling software. Nyfty.ai’s bots initiate conversations with subcontractors or staff over text messages to carry out a task, then complete it by saving data to the users’ chosen system and escalating any issues to them. Its solutions can be applied to support a number of different applications including construction site access and evacuation, inspections, safety orientations, and hazard reporting.
Kwant.ai leverages AI-powered predictive analytics and sensors to increase construction safety and productivity. With its analytics capabilities, Kwant.ai enables users to rank high-risk activities related to schedule, cost, manpower, and safety using proprietary AI-powered algorithms to make proactive decisions. Users can also optimize their resources and accurately forecast risks.
AirWorks, an aerial mapping software company, assists engineers and land developers in evaluating more construction job sites within their acquisition schedules and critical planning. Its AI-powered software converts 2D and 3D aerial records into CAD models through proprietary machine learning technology, increasing productivity for its customers’ projects with smarter data-to-deliverable processes.
BuildStream integrates telematics data and records into one central platform using AI and the Internet of Things (IoT). This helps larger-scale construction projects increase equipment utilization and save money. BuildStream is building a full-stack solution to make hiring in the engineering sector faster and more efficient – from sourcing qualified candidates to managing international payroll.
Versatile’s AI and IoT platform transforms any construction site into a smart, data-collecting work environment. Its CraneView solution enables construction digitalization through the automated capture analysis of construction field data. As it quickly integrates into existing processes, it provides a reliable solution for automated construction data collection.
4. Built Robotics
Built Robotics develops automation technology with the goal to make construction faster, safer, and more productive. The company builds robotic upgrade kits using off-the-shelf sensors and creates software to make machines operate autonomously. Its AI-enabled solutions include Exosystem, a heavy equipment robotic system, Everest, a robotic operations software, Field Kit, the company’s robot operation tools, and Guardian, Built Robotics’ remote robot monitoring solution.
3. Dusty Robotics
Dusty Robotics develops robot-powered tools for the modern construction workforce, capable of automating the layout process in a construction site with a mobile robot. Dusty Robotics’ tools are designed to increase consistency, predictability, and reliability while improving the working conditions for the people at the heart of the manufacturing process.
2. Procore Technologies
Procore Technologies turns project data into business intelligence with its construction analytics software. The company provides historical analysis for improved forecasting, can extract trends from larger datasets, and identify patterns with the help of machine learning. The solution allows customers to customize their own reports or choose from Procore’s industry-sourced templates to support them with powerful data visualization.
OpenSpace provides next-generation 360-degree construction photo documentation software, powerful integrations, and the smartest analytics tools in the industry. The software captures images every half-second and automatically ties them to project plans. The OpenSpace Vision Engine gets smarter over time, and most projects can expect to get results in 10 to 15 minutes after a few walks.
These top 10 companies are leveraging AI to revolutionize the construction industry, offering solutions that increase productivity, enhance safety, and streamline operations. As the industry continues to grow and evolve, the role of AI will undoubtedly become even more significant, driving innovation and progress in construction.