Industrial Research World

  The construction industry is on the verge of a digital revolution with the adoption and instigation of automated systems such as AI and machine learning. This new business model is going to disrupt the traditional work processes and bring numerous opportunities for the industry. Artificial Intelligence is going to increase the work efficiency like never before. It is going to impact the entire value chain of the construction industry from planning, researching, designing, to cost-reduction. Thus, giving a new edge to the smart construction processes. Applications of AI in Smart Construction Automated Planning Process Traditionally, the builders used to spend weeks to design the perfect manual models. For proper planning couldn’t be compromised, the process took a whole lot of time which resulted in loss of customers. Artificial Intelligence is capable of faster and accurate planning for any kind of projects. These smart machines can help in creating similar projects in a shorter time

The  global wealth management market  size is estimated to be valued at  $850.90 billion by 2028 , surging from  $498.70 billion in 2020 , at a  CAGR of 7.1% . Global Wealth Management Market Analysis The growth is likely to be fueled by an increase in the number of high net worth individuals (HNWIs) around the world. HNWIs have cultivated a tight working connection with investment banks and independent financial advisors in order to understand their company goals and build investment strategies. HNWIs participate in financial markets to maximize their profits. Traditional wealth management of an ever-increasing number of individuals is a difficult and hazardous responsibility for financial institutions. As a result, demand for tools or systems to automate wealth management procedures is steadily increasing. To make their commercial responsibilities easier, many companies are turning their focus to digital platforms. The wealth management system enables organizations to keep track of t