Artificial Intelligence; the truth about AI and the built environment (Panel)
It has been estimated that AI could add an additional £630bn) to the UK economy by 2035, increasing the annual growth rate of GVA from 2.5 to 3.9%.
Increased use of Artificial Intelligence (AI) can bring major social and economic benefits to the UK. With AI, computers can analyse and learn from information at higher accuracy and speed than humans can. AI offers massive gains in efficiency and performance to most or all industry sectors, from drug discovery to logistics. AI is software that can be integrated into existing processes, improving them, scaling them, and reducing their costs, by making or suggesting more accurate decisions through better use of information.
The UK Government's vision is for the UK to become the best place in the world for businesses developing and deploying AI to start, grow and thrive, to realise all the benefits the technology offers. But what does AI really mean for the Built Environment? Could it help solve our challenges with productivity? What risks does it pose to the security of our built assets? And how do we go about developing our own strategies for it's adoption?