Can AI Beat Human Estimators?

Hello Project AI enthusiasts,

In the rapidly evolving landscape of construction technology, few areas have remained as resistant to change as cost estimating. Yet even this traditionally conservative domain is now experiencing a profound transformation through artificial intelligence.

We recently had the pleasure of hosting Tolis Chatzisymeon, founder and CEO of Nometech, on the Project Flux podcast. His insights into the intersection of AI and estimating offer a fascinating glimpse into how technology is reshaping one of construction's most critical functions.

Listen on

• Apple

• Spotify

• YouTube (full episode)

• You Tube (highlights)

  Read the Blog

Takeaways

• AI is rapidly evolving and will significantly impact project management.

• Emotional intelligence and leadership skills are becoming essential in engineering roles.

• The gap between estimating and planning needs to be bridged for better project outcomes.

• Modern estimating practices are evolving with technology and AI integration.

• Data quality is crucial for accurate AI predictions in estimating.

• AI can automate many aspects of estimating, improving efficiency.

• Understanding how AI makes recommendations is vital for quantity surveyors.

• BIM and AI together can enhance the accuracy of project estimations.

• Listening to early adopters is key for startups in the tech space.

• Cultural influences can shape entrepreneurial approaches and business strategies.

That’s it for today!

See you soon,

James, Yoshi and Aaron—Project Flux