Behind every construction project is a network of tasks, teams, and deadlines, where even small disruptions can lead to costly delays.
Despite technological advancements, including the rise of AI in construction project management, the industry continues to face budget overruns, labor shortages, supply chain disruptions, and safety risks.
Studies state that large projects take 20% longer than planned and exceed budgets by up to 80%. Poor data management alone costs the industry $1.8 trillion annually, with $88 billion lost to avoidable rework. [Read more…] about Benefits of AI in construction project management