A Deltek report shows 42% of engineering firms are investing in AI, viewing it as crucial for future growth. Automation and technology are key to profitability, with AI leading advancements in project efficiency and management. A free webinar on AI in ground engineering will further explore these trends and opportunities in the sector.
A fresh industry study reveals upward trends in artificial intelligence (AI) adoption among engineering firms, with 42% of companies eyeing investments in new technologies. Conducted by Deltek, the Clarity industry study surveyed UK professional services in architecture, engineering, and consulting, uncovering pivotal trends in growth strategies and tech advancements. Project-based businesses are increasingly recognizing technology and automation as vital for profitability, with AI leading this charge, affecting everything from recruitment processes to project timelines.
As firms strategize for 2025, their top priorities include investment in AI (42%), enhancements to cybersecurity (42%), and effective implementation of new technologies (40%). More than half of respondents—55%—view emerging technologies like AI and 53% consider data analytics as crucial for future organizational success. Benefits from AI implementation resonate strongly: increased profits (62%), improved operational efficiency (58%), and lowered overhead costs (46%).
Interestingly, small- and medium-sized firms are seeking to bridge the gap with larger players by ramping up AI investments. Neil Davidson, Deltek’s VP for the professional service sector, states that professional services firms are already witnessing growth opportunities driven by digital transformation. The report indicates greater confidence in tracking project metrics, underlining the noteworthy progress firms are making with tech implementations ahead of schedule. Davidson believes that effective tracking of key performance indicators (KPIs) is vital for optimizing processes and productivity to meet firm goals.
To dive deeper, a free webinar titled “Unlocking the Potential of AI in Ground Engineering” is scheduled for 29 April from 11 am to 12 pm BST. Hosted by Ground Engineering magazine in partnership with Deltek, the panel will explore AI’s implications and opportunities in the ground engineering sector. Renowned speakers include Deltek’s Adrian Anastas and experts from various engineering backgrounds, discussing AI enhancements in geotechnical projects and its potential to enrich profitability and innovation.
The concluding segment of the webinar will feature a live Q&A session, allowing participants to engage with the panel and submit pre-prepared questions for discussion.
The Deltek report highlights the rising significance of AI in engineering firms, showcasing the strategic investments being made to harness its potential. With a strong orientation towards technology and automation, companies are gearing up for emerging challenges and opportunities. The upcoming webinar serves as an essential platform for industry leaders to discuss AI advancements and their broader significance, ensuring firms remain competitive and aligned with their growth strategies for 2025.
Original Source: www.geplus.co.uk
