Artificial Intelligence Works To Reduce Construction-Related Deaths: And It’s A Huge Market

The construction industry is growing all over the world, and with it the market for artificial intelligence forecasting. What does this mean? Right now, AI is increasingly used not just to simulate potential scenarios that could lead to injuries at a construction site, but also how to reduce construction costs in other ways. Should current trends continue as expected, the market for this AI forecasting will reach an astounding $4.51 billion by 2026.

While the new technologies are great for almost all construction operations, the highest growth rates are expected of smaller and medium-sized outfits. These will enjoy a growth rate of over 35 percent by 2026 as construction firms scramble to implement the cost-cutting tech.

The technology will undoubtedly lead to a disruption in the industry as productivity is increased substantially and risks are mitigated. 

In 2018, the United States and Canada made up about 29 percent of global demand for the growing market, in part due to government spending on development and infrastructure. Big tech firms have also spent a pretty penny on the forecasting services, which is another reason why they are growing so fast.

Even though these trends are speeding up, it should be noted that the construction industry has actually been one of the slowest to jump on the artificial intelligence bandwagon. Healthcare, automotive, tourism, and more have all adapted much faster and will continue to do so.

Many companies that are investing heavily in the forecasting tech will be familiar to onlookers. They include players like IBM, Microsoft, SmarTVid.Io, Doxel, Bentley Systems, Darktrace, Askporter, and many more. These companies are attempting to grow their share of the market by assimilating or buying out smaller ones or merging with larger ones. 

One approach used by these organizations is called Building Information Modeling (or BIM). This process allows many of the individuals or organizations involved in construction to easily pool data and interpret it through machine learning algorithms. The AI can even autonomously make simple decisions without the need for human input.

It is estimated by McKinsey that the majority of costs for most construction projects are undercut by waste amounting to about 33 percent. These costs are expected to be significantly reduced in the coming years.

The new technologies won’t just be used by architects, operators, or workers — they’ll also be used by stakeholders to help them make important investment decisions for the company to which they’re bound financially.

Were you injured on the job at a construction site? Contact us for a free personal injury case consultation today!

Common Workplace Injuries

The Most Common Workplace Injuries

Workplace injuries are more common than you might imagine. There are certain workplace injuries that are more common than others. It is important to know what these injuries are and how they can occur.

Overexertion Injuries

The most common of all workplace injuries is overexertion injuries. These are injuries that are related to pushing, carrying, lifting, pulling and throwing activities at work. These injuries are not only the most common, they are also the most expensive. There are a number of steps that can be taken to prevent these injuries such as correct practices for moving products in the workplace and breaks to prevent repetitive strain injuries.

Slipping And Tripping Injuries

The second most common workplace injury are those related to slipping and tripping. These injuries are generally caused by employees falling on wet floors or tripping over something that has been left lying around. To prevent these injuries, safety protocols need to be adhered to and employee awareness should also be emphasized. Ensuring that the workplace is clean will also decrease the chances of these injuries.

Reaction Injuries

Reaction injuries are caused when someone slips or tips but does not actually fall. These situations will generally cause trauma to the muscles and other medical issues. The problem with these injuries is that they are hard to prevent as no falls actually take place. Employees can also have reaction injuries from tripping over something that is not actually there. The best way to try and prevent these injuries is to ensure that your employees pay attention to their environment.

Falling Object Injuries

Objects falling from shelves or dropped by other people can cause serious injuries and are one of the most common causes of workplace injuries. The most common result of falling objects is head injuries. The only way to prevent these injuries is to ensure that proper protective gear is worn and that the work environment is free from hazards.

Contact a Workplace Injury Attorney

If you are a resident of Flordia and have been injured in a workplace accident, you may be entitled to compensation. Contact The Miami Injury Lawyers for a free consultation today!