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Data and analytics will force engineering to shift gear
"As an ICE Fellow whose career has taken him into the world of data, analytics and financial services, it seems that we are rapidly reaching a point – if we are not there already –where data and analytics in their many guises are now pervasive across all industries including civil engineering.
Analysts Gartner predict that by 2020 almost half of all industries will be using a form of predictive analytics. That is to say, using data and analytics to anticipate volumes, demands, weather conditions and presumably (in an engineering context) loading and predictive maintenance.
By 2030 we will be well on the way to the use of cognitive analytics, aka ‘artificial intelligence’, to assist us in both our professional and private lives. Those sceptics who think this is just hype need only look to the current use of AI in diagnosing cancer or assisting in wealth management.
At a more simplistic level sat-nav in cars is now commonplace and we are frequently prompted by ‘the system’ to choose our next music purchase, TV programme or book."
By Tony Boobier, FICE, FCIM, FCILA, MCIPS. Author: ‘Analytics for Insurance; The Real World of Big Data’
