Artificial Intelligence (AI): What Role Can It Play In Your Risk Management-Artificial intelligence- What Role Can It Play In your Risk Management

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Video Summary

The PCI webinar, presented by attorney Anthony Lehman, explored the transformative role of artificial intelligence (AI) in precast construction and construction law. Lehman began with a historical overview of AI, emphasizing its evolution from early computing to today's advanced machine learning, deep learning, and generative AI models. He highlighted AI's strong suits, such as analyzing vast data sets for credit card fraud detection, construction scheduling, risk management, safety monitoring through wearable tech, and optimizing workflows like concrete mix design and rebar placement in precast manufacturing.<br /><br />Lehman detailed AI's legal applications, including contract risk analysis and claims prediction, but stressed the risks of AI "hallucinations"—fabrications of cases or legal citations—and ethical use, emphasizing that AI outputs require careful human verification. He noted emerging standards within the legal profession to govern AI use responsibly.<br /><br />Looking to the future, Lehman shared AI-generated predictions envisioning AI as the central nervous system of construction by 2030, featuring autonomous machinery, robotic fabrication, bespoke concrete mixes, and predictive maintenance—transforming safety, cost-efficiency, and sustainability. However, challenges such as computing power needs, cybersecurity, ethical concerns, and unintended consequences remain.<br /><br />Overall, AI holds promise to revolutionize precast construction and construction law workflows, but careful oversight, verification, and adaptation are essential to harness its benefits while managing risks.

Keywords

Artificial Intelligence

Precast Construction

Construction Law

Machine Learning

Risk Management

AI Ethics

Autonomous Machinery

Predictive Maintenance

Cybersecurity