Regulation of AI Technologies in the Construction Industry

Vishnu Sivarudran Pillai () and Kira Matus ()
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Vishnu Sivarudran Pillai: Chief Economist for Asia Pacific, NATIXIS, Department of Public Policy, The Hong Kong University of Science and Technology
Kira Matus: Associate Professor for the Division of Social Science, Associate Professor for Division of Public Policy, Department of Economics & Institute for Emerging Market Studies, the Hong Kong University of Science and Technology

No 2019-65, HKUST IEMS Working Paper Series from HKUST Institute for Emerging Market Studies

Abstract: The development of Artificial Intelligence (AI) -based technologies for the construction industry, though not as advanced as in some areas, is progressing. The degree of automation in construction is anticipated to eventually lead to humanoid robots and autonomous back loaders or cranes operating at construction sites. The prospect of a highly automated construction industry is a medium-term future prospect. Hence it is imperative to proactively understand the regulatory gaps, to support policy interventions to mitigate potential risks. Regulation of futuristic technologies like AI is challenging in sectors where there is a lack of adequate tacit and applied knowledge. AI regulation is complicated by the massiveness of the construction industry, characterized by a broad spectrum of actors and activities. We propose a framework to understand the AI inclusion in the construction industry and identification of risks and regulatory gaps by considering the diverse stakeholders and their risk perception.

Keywords: Artificial Intelligence; Construction; Regulation; Risks; Risk Tolerance (search for similar items in EconPapers)
Pages: 58 pages
Date: 2019-05, Revised 2019-05
New Economics Papers: this item is included in nep-big and nep-pay
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