The UK construction industry is at a pivotal moment, with AI and digital technology poised to transform the landscape. Central to this transformation is the "golden thread" of data, a concept that ensures comprehensive and accurate data management throughout a building’s lifecycle. This thread weaves through every phase of construction, from design to demolition, providing a continuous flow of information that enhances safety, efficiency, and sustainability.

Understanding and implementing the golden thread of data is essential for advancing AI adoption in construction. As we stand at the early stages of this digital revolution, staying informed about this concept is crucial for effectively embracing modern methods of construction. The integration of AI with robust data management practices promises to unlock new levels of innovation, safety, and performance in the industry.

By focusing on the golden thread of data, we can ensure that our built environment is not only smarter and more efficient but also safer and more resilient. This event will delve into the significance of this concept and explore how AI can be harnessed to create a brighter future for the UK construction industry.

If 2023 was the year the world discovered generative AI, 2024 is the year organisations truly began using—and deriving significant business value from—this transformative technology. The latest McKinsey Global Survey on AI reveals that 65% of organisations are regularly using generative AI, nearly double the percentage from just ten months ago. Expectations for generative AI's impact remain high, with three-quarters predicting significant or disruptive changes in their industries.

Organisations are already reaping material benefits, reporting both cost decreases and revenue increases in business units deploying the technology. This acceleration in AI adoption is driving measurable benefits and mitigating the risks associated with inaccuracy, with high performers leading the way.