40th Annual International Value Engineering Conference

The Indian Value Engineering Society (INVEST) is gearing up for it’s 40th International Value Engineering Conference, a prestigious event focused on the ever-evolving field. This year's iteration, taking place on November 15th and 16th, 2024 in Bhubaneshwar, India, delves into the intriguing theme of "AI and the Future of Value Engineering."

The conference recognizes the transformative potential of Artificial Intelligence (AI) in today's landscape. By bringing together industry experts, enthusiasts, and visionaries, INVEST aims to spark a dynamic exchange of ideas on how AI can be integrated with VE practices. This fusion holds immense promise for unlocking new levels of efficiency, productivity, and problem-solving across diverse sectors

The conference will serve as an enabling forum for all key stakeholders to explore synergies between AI and VE. Participants can expect to delve into how AI can automate repetitive tasks currently handled by VE professionals, freeing them to focus on more strategic initiatives. Additionally, AI's ability to analyze vast data sets could lead to more informed decision-making within the VE framework.

The conference will bring to the fore the challenges being faced in integration of AI, ethical consideration, ethical considerations, potential biases in AI algorithms, and the ever-important need for human oversight will likely be central topics. Through open dialogue on these challenges, the conference aims to pave the way for a responsible and effective future of AI-powered VE.