Revolutionising Cost Management: AI, Digital Twins & the Future of QS

Send us Fan MailIn this episode of the Project Flux podcast, James and Yoshi speaks with Dr. Bola Abisogun and Patrick King about the transformative impact of AI and digital twins on the construction industry. They discuss the challenges of innovation, the role of quantity surveyors, and the importance of real-time data in project management. The conversation highlights the need for a shift in attitudes towards technology and the necessity of intergenerational collaboration to bridge the skills gap in the industry.TakeawaysThe construction industry has been slow to adopt innovation, leading to a need for disruption.Digital twins can significantly improve project management and safety.AIQS aims to centralise data for better decision-making in construction projects.Real-time data is crucial for effective risk management and cost control.The role of quantity surveyors is evolving towards becoming cost managers rather than just estimators.Intergenerational collaboration can enhance skills development in the industry.The skills gap in construction is widening, necessitating urgent action.Attitudes towards innovation must change for the industry to progress.AI can enhance accuracy and speed in project management.The future of quantity surveying will rely on embracing technology and data-driven decision-making.Chapters00:00 Introduction to Project Flux Podcast and Guests02:22 Dr. Bola Abisogun: Journey to Disruption06:10 The Birth of AIQS and Its Purpose10:46 Understanding AIQS: A New Era in Cost Management16:19 Digital Twins and Their Impact on Construction22:05 The Future of QS: Embracing Change and Innovation23:30 The Slow Pace of Digital Transformation24:08 Lessons from Past Digital Transformations26:21 The Skills Gap in the Industry27:41 Intergenerational Learning and Collaboration29:08 Embracing AI in Cost Management30:15 The Future of Quantity Surveying34:29 The Evolving Role of QS in Construction36:54 AI's Impact on Traditional QS Roles39:36 Changing Attitudes Towards Innovation41:14 A Vision for the Future of Construction42:29 Introduction and Sponsorship Highlights42:51 Engagement and Community Building43:05 Introduction to Project Flux and PMG PartnershipLinks and StuffBola's Linked inDigital Twins Skills Academy Support the showSubscribe to the Project Flux Newsletter!All our podcasts commentate on the weeks hottest news brought to you by the Project Flux Newsletter! Get a step ahead on the world of AI and tech, subscribe and get the weekly newsletter to your inbox every Monday!Sign Up to Newsletter Project Flux is independently owned, funded, and operated by its founder. Any external references or features are for community benefit only and do not imply endorsement, control, or ownership.