Market Insight: New And Emerging Applications Of AI In The Built Environment
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Executive Summary
Artificial intelligence (AI) has been deployed successfully across all aspects of the built environment to unlock efficiency and productivity improvements within both existing and new workflows.
Verdantix has taken a holistic view of the market and identified the key applications of AI in building operations, alongside exciting new applications of the technology developed through advancements such as large language models (LLMs) and generative AI (GenAI). We have drawn upon vendor responses to questionnaires for other research reports, and previously provided information, alongside conducting extensive desk research, to consolidate our view of offerings in the market that harness AI technologies.
GenAI and LLMs present significant opportunity in the operations, and design and construction phases of buildings; although the technology is nascent, some solutions have already come to market that showcase their application. This report should be leveraged by corporate readers to better understand the solutions currently available to improve operational efficiency, and to gain insights into those that are emerging both in operations and in other parts of the building life cycle.
Table of contents
AI has been successfully deployed to enhance built environment operationsWhy does AI matter to real estate executives?
Established and identified applications of AI across built environment operations
2023: the year of the LLM
Current uses of LLMs span three main areas
LLMs present significant opportunities for the AEC industry
AI will continue to shape the built environment for years to come
GenAI will take centre-stage
AI offerings may not be revolutionized, but the implementation and background processes will be
Table of figures
Figure 1. Awareness of AI in facilities and real estate initiativesFigure 2. Core offerings of AI in building operations
Figure 3. Building equipment control AI applications
Figure 4. Health and safety AI applications
Figure 5. Space and workplace AI applications
Figure 6. Investment and facilities management AI applications
Organisations mentioned
ABB, AECOM, Akenza, Alcatraz AI, ALICE Technologies, Amazon, BCG, Botbot.AI, BrainBox AI, BUENO, Built AI, CBRE, CIM, Civils.ai, Climate X, Clockworks Analytics, Cloudfm, DealMachine, DeepMind, EcoEnergy Insights, Ento, Facilitybot, FogHorn, Gigabyte, IBM, International Energy Agency (IEA), JLL, Johnson Controls, KTV Working Drone, Leasecake, Legaliser, Maket, Microsoft, MIT (Massachusetts Institute of Technology), Mott MacDonald, MRI Software, Multimodal, Nedap Security Management, OpenAI, Panoramic Power, Pathr.ai, Planner 5D, qbiq, quantumrock, SAFR Scan, Schneider Electric, Skyline Robotics, Spacewell, Stanford University, Stantec, SWMS AI, TermSheet, Velis Real Estate Tech, VergeSense, ZestyAI, ZillowAbout the authors
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