Underground Infrastructure - October 2023 - 19
the platforms " learn " where there may
be differences between what is expected
from the customer and will retain those
adjustments. The opportunity for time
savings on mundane work and potential
capture of available units that occurred
during the work could have a big impact
on contractor profitability.
As more of the underground is effectively
documented, generative AI may
also be able to significantly improve the
safety and productivity of the job site
through improved locating capabilities
and a more thorough understanding of
the history of a location. Even for those
instances where the location of infrastructure
was not well documented, a
notification that a location previously
had an 811 call can alert the contractor
to be diligent when working in the area
to avoid the installed product.
Generative AI helps capture the
history of previous construction jobs,
bring that knowledge forward and apply
it. No human can remember the layout
or a schedule of thousands of previous
jobs, but a computer can.
Lastly, compliance with local codes
is a huge task for project managers and
legal departments, especially those who
work in multiple states and localities.
Products such as CodeComply.AI are in
the early stages of being " taught " all the
pages of code required for a site. By layering
this alongside effective algorithms
to review the appropriate codes for a
job type, AI may be able to automate
compliance requirements for project
managers, so that they can spend more
time focused on the most important
part of their work - construction.
Stocks
The Utility & Communications Construction
Index presented below presents
the price-weighted stock performance of
the sector's publicly traded stocks for the
FIGURE 3: 3 Month UCC Index. Source: FMI Research, S&P Capital IQ; as of September 15, 2023
UndergroundInfrastructure.com | OCTOBER 2023 19
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Underground Infrastructure - October 2023
Table of Contents for the Digital Edition of Underground Infrastructure - October 2023
Underground Infrastructure - October 2023 - 1
Underground Infrastructure - October 2023 - 2
Underground Infrastructure - October 2023 - 3
Underground Infrastructure - October 2023 - 4
Underground Infrastructure - October 2023 - 5
Underground Infrastructure - October 2023 - 6
Underground Infrastructure - October 2023 - 7
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