Natural disasters are projected to cause US$460 billion of annual loses to infrastructure on average globally by 2050.
However, new analysis by Deloitte shows leveraging artificial intelligence (AI) could help global leaders fortify infrastructure to plan, respond, and recover quickly and decisively to more frequent and intense natural disasters.
Deloitte’s Center for Sustainable Progress has estimated iAI can help prevent approximately US$70 billion in infrastructure losses every year (that’s 15%).
The Big 4 firm said AI has the potential to be especially advantageous in mitigating damages from storms and floods, which are projected to be some of the costliest natural disasters.
And, it stressed cross-sector collaboration—from insurers to technology companies—is critical to unlocking the economic, environmental, and societal benefits of AI for infrastructure resilience.
“AI-enabled infrastructure resilience can transform how leaders protect their communities from the growing risk of extreme weather,” says Jennifer Steinmann, Deloitte Global Sustainability Business leader. “If deployed strategically, AI can help leaders identify risks sooner, optimize resources, prevent costly failures and disruption, and accelerate response and recovery times during natural disasters. Investing in both preventative and reactive AI-powered infrastructure solutions can help safeguard economic value and increase business resilience.” Check out Deloitte’s report at: AI for infrastructure resilience.
