The modern software comes up with intelligent solutions so that any duplicates can well be identified and eliminated. Current cost estimation methods now use a flexible and intelligent approach.
These advancements happening in Artificial Intelligence and Machine Learning technologies have totally transformed and strongly shifted the traditional methodology of construction cost estimation.
AI helps you deal with the project estimates that look complex and extensive. The emergence of artificial intelligence and machine learning has made it possible to ensure accurate cost estimates for construction projects. In the past, this task was known to be the most arduous task but now the perception is totally changed. For ensuring repeated construction business projects, accurate project cost estimation has become a critical factor. How AI Transformed the Construction Estimation MethodologiesĪrtificial Intelligence and Machine Learning technologies have transformed the traditional methodology of cost estimation. All these methods manage to bring down the sensitivity of the cost estimates and successfully reduce the subjective observation of the estimators. In addition, we have evolutionary systems (ES), as well as hybrid systems (HS). We have lots of examples of artificial learning AL methods and this generally includes machine-learning (ML) and knowledge-based systems (KBS).
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