Guidelines for applied machine learning in construction industry—A case of profit margins estimation. (January 2020)
- Record Type:
- Journal Article
- Title:
- Guidelines for applied machine learning in construction industry—A case of profit margins estimation. (January 2020)
- Main Title:
- Guidelines for applied machine learning in construction industry—A case of profit margins estimation
- Authors:
- Bilal, Muhammad
Oyedele, Lukumon O. - Abstract:
- Highlights: ML projects in construction sector often fail due to lack of guidelines for robust ML. We proposed guidelines for applied machine learning in construction industry. The case of profit margin forecasting is used as an example to elaborate these guidelines. The proposed guidelines are evaluated to develop ML models for various tasks. The results showed that these guidelines can deliver robust ML models. Abstract: The progress in the field of Machine Learning (ML) has enabled the automation of tasks that were considered impossible to program until recently. These advancements today have incited firms to seek intelligent solutions as part of their enterprise software stack. Even governments across the globe are motivating firms through policies to tape into ML arena as it promises opportunities for growth, productivity and efficiency. In reflex, many firms embark on ML without knowing what it entails. The outcomes so far are not as expected because the ML, as hyped by tech firms, is not the silver bullet. However, whatever ML offers, firms urge to capitalise it for their competitive advantage. Applying ML to real-life construction industry problems goes beyond just prototyping predictive models. It entails intensive activities which, in addition to training robust ML models, provides a comprehensive framework for answering questions asked by construction folks when intelligent solutions are getting deployed at their premises to substitute or facilitate theirHighlights: ML projects in construction sector often fail due to lack of guidelines for robust ML. We proposed guidelines for applied machine learning in construction industry. The case of profit margin forecasting is used as an example to elaborate these guidelines. The proposed guidelines are evaluated to develop ML models for various tasks. The results showed that these guidelines can deliver robust ML models. Abstract: The progress in the field of Machine Learning (ML) has enabled the automation of tasks that were considered impossible to program until recently. These advancements today have incited firms to seek intelligent solutions as part of their enterprise software stack. Even governments across the globe are motivating firms through policies to tape into ML arena as it promises opportunities for growth, productivity and efficiency. In reflex, many firms embark on ML without knowing what it entails. The outcomes so far are not as expected because the ML, as hyped by tech firms, is not the silver bullet. However, whatever ML offers, firms urge to capitalise it for their competitive advantage. Applying ML to real-life construction industry problems goes beyond just prototyping predictive models. It entails intensive activities which, in addition to training robust ML models, provides a comprehensive framework for answering questions asked by construction folks when intelligent solutions are getting deployed at their premises to substitute or facilitate their decision-making tasks. Existing ML guidelines used in the IT industry are vastly restricted to training ML models. This paper presents guidelines for Applied Machine Learning (AML) in the construction industry from training to operationalising models, which are drawn from our experience of working with construction folks to deliver Construction Simulation Tool (CST). The unique aspect of these guidelines lies not only in providing a novel framework for training models but also answering critical questions related to model confidence, trust, interpretability, bias, feature importance and model extrapolation capabilities. Generally, ML models are presumed black boxes; hence argued that nobody knows what a model learns and how it generates predictions. Even very few ML folks barely know approaches to answer questions asked by the end users. Without explaining the competence of ML, the broader adoption of intelligent solutions in the construction industry cannot be attained. This paper proposed a detailed process for AML to develop intelligent solutions in the construction industry. Most discussions in the study are elaborated in the context of profit margin estimation for new projects. … (more)
- Is Part Of:
- Advanced engineering informatics. Volume 43(2020)
- Journal:
- Advanced engineering informatics
- Issue:
- Volume 43(2020)
- Issue Display:
- Volume 43, Issue 2020 (2020)
- Year:
- 2020
- Volume:
- 43
- Issue:
- 2020
- Issue Sort Value:
- 2020-0043-2020-0000
- Page Start:
- Page End:
- Publication Date:
- 2020-01
- Subjects:
- Applied machine learning -- Profit margin forecasting -- Construction simulation tool -- Interpretable machine learning -- Predictive modelling
Computer-aided engineering -- Periodicals
Engineering -- Data processing -- Periodicals
620.00285 - Journal URLs:
- http://www.sciencedirect.com/science/journal/14740346 ↗
http://books.google.com/books?id=KhFVAAAAMAAJ ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.aei.2019.101013 ↗
- Languages:
- English
- ISSNs:
- 1474-0346
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 0696.851100
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British Library STI - ELD Digital store - Ingest File:
- 12953.xml