Martin Fischer, a professor of civil and environmental engineering at Stanford, discusses the primary business benefits of automated computer vision and AI tracking tools on job sites.
“Business perspective, I think this technology does really two things. It improves the predictability, and the second thing is it reduces time to market.”
quote is from the automated transcript, cleaned for reading:
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More from Martin Fischer
Insight
Fischer: Low-Trust Construction Projects Drive Early Tech Adoption
“I have seen more initial adoption of advanced technologies in projects with little trust. Somebody says, Ooh, this is a really good tool. I can defend myself if necessary. I can be on top of the food chain because I have all the information that the others don…”
Martin FischerJan 2, 2019▶ 4:30a16z Podcast | Construction Under Tech -- The Build
AssertionContradicted
Fischer: Study of 19 Global Construction Projects Found Zero Feedback Loops
“So in a study of 19 projects from 19 different companies who just span the globe, and our research has shown that people don't have feedback loops, period. I mean, just informal. And then, and certainly not on a project, not from week to week, not on projects,…”
Martin FischerJan 2, 2019▶ 7:07a16z Podcast | Construction Under Tech -- The Build
PredictionNot checkable as stated
Fischer: Fixing Construction Inefficiencies Could Free Up 4% of Global GDP
“You know, if you can cut 20% of the rework, and then you could make construction 20% more efficient in other ways, which seems entirely within the realm of feasibility. You're talking improving construction by 40%. In most economies, let's say a rough number i…”
Martin FischerJan 2, 2019▶ 32:55a16z Podcast | Construction Under Tech -- The Build
Insight
Fischer: Design Phase Uncertainty Multiplies During Construction Execution
“Any uncertainty in information that exists from the design phase gets multiplied in construction. It doesn't get simpler.”
Martin FischerJan 2, 2019▶ 2:26a16z Podcast | Construction Under Tech -- The Build
AssertionNot checkable as stated
Fischer: Automated Construction Site Sensing Only Emerged Recently
“The big difference really in the last two years has been the ability to sense what's going on on a construction site. That's something we have never had in the history of construction, right?”
Martin FischerJan 2, 2019▶ 9:01a16z Podcast | Construction Under Tech -- The Build
PredictionNot checkable as stated
Fischer: Construction Will Eventually Match Baseball's Level of Data Analytics
“Eventually we will have all of this data, you know, like a baseball coach has this kind of data for who to send out for pitching in various situations, but we don't have it in construction.”
Martin FischerJan 2, 2019▶ 11:30a16z Podcast | Construction Under Tech -- The Build
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