Last month, I wrote aboutcrisis managementand the need to peer into the future. That ability, to make some rather educated guesses about what the future might hold, has been enhanced over the last decade by the growth in artificial intelligence (AI) and predictive modeling.
A conversation I had recently with Tim Gattie, vice president of industry strategy at Newmetrix (formerly Smartvid.io) and a founding member of the Predictive Analytics Strategic Council (PASC), only reinforced that idea. The council was formed to assist the architecture, engineering, and construction industry in using artificial intelligence and predictive modeling to reduce the risks associated with construction projects. We talked about its recent white paper on this project.