APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Blockchain

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Singapore Startups

    Smart City

    Software Testing

    Startup

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Retail

    Travel and Hospitality

  • Dell

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Gamification

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    RegTech

    Travel Retail

Menu
    • AI
    • Managed Services
    • Blockchain
    • CRM
    • Software Testing
    • E-Commerce
    • Cyber Security
    • Gamification
    • Microsoft
    • Data Integration
    • Low Code No Code
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Artificial Intelligence
    Editor's Pick (1 - 4 of 8)
    left
    The Right Technology And Reliable Partners; The Business Next Frontier

    Luke O'Brien, CIO, ISS Facility Services Australia & New Zealand

    Conquering Technological Transformation

    David Kennedy, Group CIO, Transaction Services Group

    How to Get to AI-first

    Ani Paul, CIO, ING Australia

    Legal Knowledge Management and the Rise of Artificial Intelligence

    Christopher Zegers, CIO, Lowenstein Sandler LLP

    Building an AI-Based Machine Learning for Global Economics

    Alexander Fleiss, CIO & CEO, Rebellion Research Partners LP

    A dose of our own medicine

    SABINA JANSTROM, IT DIRECTOR, DYNO NOBEL

    Insider Threat

    AI is America's best weapon for disrupting health inequities

    Michael Dowling, President & Ceo, Northwell Health and Tom Manning, Chairman, Ascertain

    right

    Artificial Intelligence (AI) and The Construction Industry: The Story of Rabbit and Tortoise

    Sankar S. Villupuram, Digital Services Leader in East Asia, Arup

    Tweet
    content-image

    Sankar S. Villupuram, Digital Services Leader in East Asia, Arup

    Slow and steady wins the race – we have listened to this moral story in our childhood, but the story did not end there. To make it crisp, rabbit rectified his error in the second race, ran without lazing to win. Tortoise reflected on it and realized that he was not racing to his strength, set up a race track with land and water, in which rabbit, though ran fast on the land, got stuck on the river bank. Tortoise went slower in land but crossed the river to win the race.

    In today’s artificial intelligence (AI) world, the race of rabbit and tortoise is still applicable – AI the rabbit and construction the tortoise.

    Rabbits Chasing Carrots

    Technology cycle iterations are becoming shorter and swifter, the latest silver lining being AI. Sensors have become cheaper, communication costs are dropping constantly, advancement in storage and computer technology has quantum frogged in the last five years. Every industry leader would like to be in the space of predictive and prescriptive “dCom” – data commerce (carrots)

    Tortoise in the Dreamland

    Industry research reports quote that construction (tortoise) industry labor-productivity growth averaged 1 percent a year over the last two decades, as compared with world economy growth of 2.8 percent and 3.6 percent in manufacturing. It maybe heartwarming to know that construction productivity is performing better than farming. Tortoise believes its shell is the defense against any threat (disruption). Restrictions and regulations in construction industry make it a protected one, making transformation much slower, where transparency and efficiency are considered as luxury in this protected dreamland. Higher entry barriers – qualification criteria and capex give tortoise a hallucination of lazy rabbit dosing under the tree. Little does tortoise realize that times have changed drastically.

    Respond to Tweets, Not 5-year Plans

    Real estate clients and asset managers around the world show an urge to drive their business on current trends and extend that to predict the near future, rather than historic patterns simply because the buyers’ requirements are determined by STEEP (social, technology, economy, environment and politics). These are changed by instant tweets rather than a 5 or 10-year plan proposed by the government. Clients need to feel the pulse of their end-users or assets in real-time.

    Evolution of Edge AI

    The need for predictive and prescriptive intelligence fires up the demand for petabytes of processed information in close to real time. Cities, transport, airports and mission critical infrastructure consist of thousands of critical components.

    In today’s artificial intelligence (AI) driven world, the race of rabbit and tortoise is still applicable – AI the rabbit and construction the tortoise

    We need more intelligence at every layer to cater for 24/7 intelligent data collection. Consequently, the development of “Edge AI”, computing boxes small in size yet powerful in computing that can host algorithms to filter the raw data to make it more meaningful information prior to be sent to cloud infrastructure for further machine learning and visualization.

    AI – Friend or Foe?

    Can AI really eliminate millions of jobs, wiping away conventional industries?

    Sweet heart of venture capitalists as well as technology companies –startups to billion money giants, we are making progress in the sense of collecting and analyzing the data, but I am certain that our quest for the realization of AI has just started.

    The biggest question in most of the board rooms today is what can we do with the data? Can I make millions of dollars more or save costs in the bottom line from these AI analytics?

    Is AI a pure commercial or technical equation? Is there a cultural transformation element to the organization operation, as the focus gets shifted in the way priorities are made through the treacherous path of cleansing the raw stones to get the shine (insights) out of it, for it to provide any business value?

    Enabling the Tortoise with Turbo Engine

    At Arup, the mission has been clearly laid out – to be the digital leader in the built environment, firing up several initiatives that have to do with machine teaching, critical data modeling, data driven design and commercial business modeling. Initiatives are taken to enhance the asset quality and predictability in diverse core domains, from smart buildings, airports, cities, and energy to transport. Most of these cutting-edge initiatives do not just depend on the power of cloud computing; the secret ingredient being our domain expertise viz. structural, civil, MEP, digital and other multidiscipline experts who process the data from top-down and bottom-up to ensure whether it makes sense from the asset quality and business perspective.

    Improving the commercial value is a common theme; it is the end of the means. We aspire to apply intelligence, built around forecasting / predicting by creating digital models that can anticipate the asset performance with variable environmental conditions and changing demography. AI in Arup’s world is the ability to keep enhancing these models through assisted teaching by our engineering expertise, pursuing the continuous mission of “shaping a better world” – may it be sustainable built environment that improves energy efficiency over longer timeframes, needing less maintenance or replacement or a sustainable city adhering to UN Sustainable Development Goals. However, this would not happen with Arup only.

    Innovation is an Ecosystem Sport

    Transforming the construction industry to perform better in terms of productivity, transparency, less consumption of resources, higher safety and sustainability would not be possible if it is just supported by a few commercial companies. This needs a collective genius, from regulators who need to transform quickly their outdated prescriptions, clients who need to make the bigger decision of doing the right thing for leaving a better world behind for our future, contractors who build the infrastructure that would leave a legacy behind, and finally engineers who make all the above practically possible!

    AI the rabbit is the key to power up construction the tortoise with a turbo engine! We, at Arup, are working on “Total Design” towards that.

    The moral of the story is obvious – rabbit and tortoise decided to come together, rabbit carrying tortoise on the land and tortoise carrying rabbit in the river to have a collective win.

    At Arup, our collectively shared vision of shaping a better world brings the diverse experts to come together to energize the brain in creating AI for good.

    tag

    Energy Efficiency

    Critical Infrastructure

    Startups

    Machine Learning

    Cloud Computing

    Weekly Brief

    loading

    Featured Vendor

    • Stemly: Decision Intelligence for a Sustainable Modern and Integrated Supply Chain
      Stemly: Decision Intelligence for a Sustainable Modern and Integrated Supply Chain
    • Language Weaver: Connecting Globally by Breaking Language Barriers
      Language Weaver: Connecting Globally by Breaking Language Barriers
    • CM.com: Taking Conversational Commerce to New Heights
      CM.com: Taking Conversational Commerce to New Heights
    Top 10 AI Powered Solution Companies - 2021
    ON THE DECK

    AI 2021

    Top Vendors

    AI 2020

    Top Vendors

    AI 2019

    Top Vendors

    AI 2018

    Top Vendors

    AI 2017

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    A dose of our own medicine

    A dose of our own medicine

    SABINA JANSTROM, IT DIRECTOR, DYNO NOBEL
    Insider Threat

    Insider Threat

    AI is America's best weapon for disrupting health inequities

    AI is America's best weapon for disrupting health inequities

    Michael Dowling, President & Ceo, Northwell Health and Tom Manning, Chairman, Ascertain
    Combating IoT Challenges with Smart Choices

    Combating IoT Challenges with Smart Choices

    Sandeep Babbar, Head Of Technology Innovation, Gwa Group Limited
    Artificial Intelligence regulations and its impact on medical devices

    Artificial Intelligence regulations and its impact on medical devices

    Leo Hovestadt, Director Quality Assurance Elekta
    Blockchain: promises to revolutionise superapps and the trust factor in insurance

    Blockchain: promises to revolutionise superapps and the trust factor in insurance

    Sue Coulter, Head of Group Digital, AIA Group Julian Lo, Director of Digital Engineering, AIA Group
    Data as a Business

    Data as a Business

    Ricardo Leite Raposo, Director of Data & Analytics at B3
    How Digital Transformation Impacts Big Data Analytics

    How Digital Transformation Impacts Big Data Analytics

    Davide Di Blasi, Global Quality and Lean Director , Hilding Anders International
    Loading...

    Copyright © 2023 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://artificial-intelligence.apacciooutlook.com/cxoinsights/artificial-intelligence-ai-and-the-construction-industry-the-story-of-rabbit-and-tortoise-nwid-7069.html