I was surprised and excited to see AI/Chatbot recently discussed in the Data Science community and equally surprised to not see any discussion at the Decision & Risk committee. No offense to the Risk committee please, this seems to be a reflection of the industry as a whole at the moment.
I just returned from a Construction Analytics conference in Scottsdale where many presentations covered data metrics, often focusing on ROI, but also touching on elements of risk, and the impending influence of AI. Most of the audience were construction companies, many using established vendors for cost and schedule control. One of the themes of the event focused on analyzing other data to uncover trends and risks; this included documents, submittals, RFIs, safety observations and incidents, etc. Another theme involved using AI to improve estimating and to uncover other factors in job costs that the job cost systems aren't designed to look at. On the same subject, I would consider Monte Carlo simulations of CPM schedule a text book use of analytics, but no one mentioned this at the conference!
My point in bringing this up here is that AACEI, the authority on all things project controls, should step up its engagement of AI and how it can best be used to enhance what we do, as well as point out what it cannot do and any risks involved in its use thereof. Additionally, if anyone here is already engaged in deploying AI and/or ChatGPT in their work in these areas, I would love to hear from you, especially if you would like to write about your experiences. I am in the process of launching a newsletter on AI in the construction industry and am looking for knowledgeable content. Also a good chance to expand AACEI exposure.
Thanks.
Paul Levin, PSP Emeritus
Thank you.
(Posted to Data Science and Decision & RIsk Committees)
Paul Levin, PSP Emeritus
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Paul Levin, PSP Emeritus
Rockville MD
wplevin@gmail.com------------------------------