Engineering and Technology | Open Access |

Evaluating the Impact of AI-Powered Resource Allocation Systems on Project Efficiency and Cost Optimization

Paulson Geo Philip , Project Manager, UAE Television & Radio – Channel 4 Group City: Ajman Country: United Arab Emirate

Abstract

Artificial Intelligence (AI) has emerged as a transformative technology for improving resource allocation, operational efficiency, and cost optimization across diverse industrial sectors. This study evaluates the impact of AI-powered resource allocation systems on project efficiency and cost reduction through a comprehensive literature-based comparative analysis. This study looks at the use of AI in energy systems, oil and gas, infrastructure and smart grid systems and focuses on machine learning, deep learning, anomaly detection and predictive analytics. It also introduces a cross-domain framework through which the impact of AI optimization models on the management of resources, the forecasting of demand, anomaly detection, and decision making can be evaluated. The results show that, as compared to traditional rule based systems, AI systems have a significant positive impact on prediction, resource consumption, operational costs, and the efficiency of the system overall. In addition to this, the integration of AI methods (statistical methods + deep learning) can be effectively utilized within complex and uncertain environments, and the increasing use of AI across systems within the industrial field demonstrates that resource optimization systems can be made to be both scalable and flexible. However, model generalization, insufficient data, and a lack of structure are some of the significant challenges that limit the adoption of these systems. AI systems for resource allocation show great potential for more positive project outputs and for the establishment of operational efficiency that is sustainable in both the short and long terms.

Keywords

Artificial Intelligence, Resource Allocation, Project Efficiency, Cost Optimization, Machine Learning, Predictive Analytics, Anomaly Detection, Industrial Optimization

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Philip, P. G. (2024). Evaluating the Impact of AI-Powered Resource Allocation Systems on Project Efficiency and Cost Optimization. The American Journal of Engineering and Technology, 6(03), 31–44. Retrieved from https://theamericanjournals.com/index.php/tajet/article/view/ai-powered-resource-allocation-project-efficiency-cost-optimizat