Title: AI AND IOT IN CONSTRUCTION: EFFECTS ON COST AND RESOURCE EFFICIENCY

Author: Ehmeralda Chew Hui Cian

Abstract: The construction industry is increasingly integrating Artificial Intelligence (AI) and the Internet of Things (IoT) to improve project performance and operational efficiency. This study presents a narrative review of recent literature to examine how AI and IoT applications influence cost optimization and resource utilization efficiency in construction projects. The findings indicate that AI enhances predictive analytics, enabling more accurate cost estimation and improved decision-making, while IoT supports real-time monitoring of construction activities, leading to better resource allocation and reduced inefficiencies. The integration of these technologies facilitates smart construction practices such as predictive maintenance, automated scheduling, and performance tracking. The results further demonstrate that improvements in cost control contribute directly to better resource utilization, highlighting a strong relationship between financial and operational performance. This study provides practical insights for construction firms seeking to enhance efficiency through digital technologies and identifies areas for future research.

Keywords: Artificial Intelligence; Internet of Things; Construction Industry; Cost Optimization; Resource Utilization; Digital Transformation.

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