Construction Digital Magazine April 2021 | Page 69

DIGITAL CONSTRUCTION

“ SmartVid integrates with the likes of Oracle , and construction management platforms such as Egnyte , Procore and Autodesk .” JOSH KANNER CEO SMARTVID

Venkatasubramanian highlights that the cost of adoption has significantly reduced in recent years . “ When you ’ re talking big data and the compute and processing power required to handle it , we ’ ve seen a significant shift ” he adds . “ Algorithms are far more cost effective , reliable and capable of transferring the learning from one trained model to another .”
With big players entering the fray , both as vendors and consumers , trust around data security and protocols for data management in the cloud has been established ; providing another reason to jump on the bandwagon .
Insights from data The ability to process Big Data through distributed computing is maturing and the emergence of ML is allowing leading cloud providers , including Oracle , to democratise the application of AI . The capabilities of ML have broadened to include Computer Vision , Deep Learning and the use of neural networks for Natural Language Processing ( NLP ).
Venkatasubramanian maintains data is the lifeblood for any AI and ML strategy to work : “ While many construction businesses have data available to them , not many realise its full potential . Traced from previous projects and activities , and collected over several
constructionglobal . com 69