Recent research commissioned by global cloud enterprise software company IFS reveals a prevailing optimism within the UK construction industry regarding the potential of artificial intelligence (AI).
With 76% of senior decision-makers at large UK firms expressing high expectations for AI, the sector sees AI as a pivotal force for future growth and innovation.
Notably, 68% believe their industry is adopting AI faster than others, further cementing the belief that AI will significantly enhance market knowledge, product or service innovation, and consistent business growth.
Comment
byu/Trimble293 from discussion
inConstructionManagers
Survey findings indicate that AI is expected to bolster market knowledge, drive product and service innovation, and sustain business growth. Specifically, 31% of executives and board members have high expectations for AI’s ability to enhance market knowledge, while 29% anticipate that AI will spur innovation and growth opportunities.
This optimism reflects a broader trend towards embracing digital transformation within the sector. Despite the high expectations, the industry faces considerable challenges in fully leveraging AI.
A significant concern is the skill gap, with over a third (36%) of respondents rating their AI skills as merely passable, highlighting a disparity between aspirations and current capabilities.
Comment
byu/FredFuzzypants from discussion
inConstructionTech
Moreover, 27% of decision-makers do not prioritize upskilling, exacerbating the challenge. The legacy technology landscape also poses a substantial barrier, with 42% of respondents indicating it hinders AI adoption.
Additionally, 41% expressed uncertainty about potential AI use cases within their businesses, underscoring the need for clearer strategic direction.
The integration of AI within the construction sector is at various stages. About 36% of firms have developed clear strategies and are witnessing tangible results from their AI initiatives.
Comment
byu/Trimble293 from discussion
inConstructionManagers
Another 31% are actively gathering proposals for pilot projects, indicating a proactive stance toward exploring AI applications. However, 31% remain in the research phase, reflecting a cautious approach to understanding AI’s implications.
Despite the concerted efforts, nearly two-thirds (64%) of respondents believe AI will take one to three years to impact their organizations significantly. This projected timeline illustrates the need for patience and sustained effort to overcome existing challenges.
the UK construction sector holds high expectations for AI, viewing it as a transformative force for future growth and innovation. However, significant obstacles such as skill gaps, legacy technology, and unclear strategic directions must be addressed to realize AI’s potential fully.
With a strategic approach and focused investment in the right resources, these challenges can be overcome, paving the way for AI to make a substantial impact in the coming years.
For more news and trends, visit AI News on our website.
