‘AI in Construction and Real Estate’ is a research book that highlights the radical transformation of the combined global real estate and infrastructure market, including the residential, commercial, and industrial assets. Authored by Dinis Guarda, ‘AI in Construction and Real Estate’ is powered by Ztudium, Citiesabc, Constructionabc and Booksabc, available in publication, audiobook, ebook, and website.
‘AI in Construction and Real Estate’ is written by Dinis Guarda, co-edited by Dilip Pungliya, published by Ztudium Booksabc, Powered by Citiesabc.com, Constructionabc - built on ztudium’s proprietary AI.DNA technologies.
Construction and real estate contribute approximately 13% to the global GDP and represent critical drivers of economic growth and urbanisation. However, the industry is on the brink of a profound evolution, spurred by AI and Fourth Industrial Revolution (4IR) technologies.
The construction, infrastructure, real estate, and property sectors are among the largest and most influential industries globally, covering essential areas such as residential, commercial, and industrial development. As of 2023, the global construction market is projected to grow from approximately $15.19 trillion to nearly $15.97 trillion by 2024, reflecting steady demand driven by urbanisation, infrastructure development, and population growth. Meanwhile, the combined global real estate and infrastructure market, encompassing residential, commercial, and industrial assets, was valued at an impressive $365.51 trillion in 2023, with projections estimating it to reach approximately $379.03 trillion in 2024. With a projected steady growth rate due to increased urbanisation, technological integration, and sustainability initiatives. Infrastructure construction is the backbone supporting various economies, as it includes transportation, utilities, and essential services. Together, these sectors serve as fundamental contributors to global GDP, employment, and technological advancement, while their evolution is instrumental in shaping modern, sustainable urban landscapes.
Context and overview
The construction and real estate industries serve as pillars of economic development, urbanisation, and societal well-being. Globally, construction and real estate are estimated to contribute about 13% to the global GDP, a statistic that underscores their significance in economic growth and employment. In countries like China, the U.S., and India, construction drives urban development, supports public infrastructure, and generates millions of jobs. The infrastructure sector alone in the United States is expected to see substantial growth, particularly with government initiatives focusing on sustainability and resilience against climate change.
“The 2022 UNEP Global Status Report indicates that the buildings and construction sector accounted for 37% of energy-related CO2 emissions in 2021. There is, therefore, an urgent need for innovative solutions to enhance efficiency and sustainability.
‘AI in Construction and Real Estate’ serves as a blueprint for embracing technological advancements that are reshaping the industry. This book explores how AI-driven tools, from machine learning to digital twins, are transforming project management, safety, and sustainability efforts across the construction lifecycle,” explains Dinis Guarda, Founder and CEO of Ztudium and author of the book.
The book provides actionable steps, such as setting clear AI goals, building data infrastructure, selecting appropriate AI tools (e.g., machine learning, computer vision), addressing cybersecurity, fostering collaboration between AI and industry experts, and investing in training. With a focus on continuous improvement and sustainability, it empowers leaders to drive innovation, meet regulatory goals, and optimise performance across construction processes.
“‘AI in Construction and Real Estate’ goes on defining how the application of AI, BIM, Data, digital twins, Blockchain in construction, are now revolutionising the entire construction, real estate, property industry. It covers both theoretical insights and practical applications, and also highlights the real-world case studies that illustrate AI’s transformative power in these industries”, Dinis elaborates.
The book addresses also how AI can be used to predict and manage incidents, earthquakes, natural disasters in construction and real estate. The ‘AI in Construction and Real Estate’ is a research and graphic publication that addresses the challenges of AI adoption, reskilling and training, data security, and the ethical considerations, providing a balanced outlook on the future of AI in construction and real estate.
Harnessing the power of AI and Digital Twin Technology in construction and real estate
AI technologies such as predictive analytics, machine learning, and generative design have begun revolutionising construction and real estate by enhancing operational efficiency and precision. The global digital twin market, for instance, is projected to expand from $10 billion in 2023 to over $110 billion by 2028. Digital twins facilitate the creation of real-time 3D models that support proactive project management and seamless adjustments, merging physical and digital realms into a cohesive operational framework.
McKinsey research highlights the benefits of adopting Building Information Modelling (BIM), revealing that it can boost project delivery speed by up to 30%. Building on this, ‘AI in Construction and Real Estate’ introduces the concept of Business Building Information Modelling (BBIM), which integrates financial, operational, and strategic business data into traditional BIM systems. This approach empowers decision-makers to leverage technical data for informed, cross-departmental strategy.
“Business Building Information Modelling (BBIM) extends the capabilities of traditional Building Information Modelling (BIM) by incorporating business objectives directly into the modelling process. While conventional BIM primarily focuses on design, construction, and engineering aspects, BBIM seeks to bridge the gap between technical data and organisational strategy. By integrating insights from finance, operations, and executive management, BBIM enhances the usability of BIM data for decision-makers across various departments.
Calling all developers, architects, real estate investors, and data scientists! Get ready to explore ‘AI in Construction & Real Estate,’ an eye-opening journey packed with invaluable insights into cutting-edge tools and strategies transforming the industry. Discover how you can unlock greater efficiency, boost profitability, and embrace innovative practices for a brighter future,” says Dilip Pungliya, Partner and Board Member of Ztudium Group, researcher and AI scientist.
'AI in Construction and Real Estate’: Key Sections
The book is divided into three comprehensive sections:
- Part 1: Analyses the current state of the industry, its scale, and the importance of digital transformation.
- Part 2: Highlights the latest advancements in technology, including BIM, digital twins, and blockchain smart contracts.
- Part 3: Outlines practical, actionable strategies for adopting AI, setting AI-driven goals, building data infrastructure, addressing cybersecurity, and fostering collaboration.
The book emphasises real-world applications and case studies, offering insights into how AI is already being used to predict and manage incidents, enhance safety, streamline property transactions, and contribute to sustainable construction practices.
“The advent of artificial intelligence (AI) technologies has penetrated various fields of society, and its application in the field of construction and engineering has and will bring revolutionary changes to the industry. Construction, engineering processes, budgets, and costs are important foundations in any construction project, involving complex legal, financial, regulatory, data processing, precise cost prediction and control, and effective risk management.
AI, particularly through Machine Learning, NLP, and Generative AI, possesses transformative data processing capabilities and intelligent algorithms that is and will revolutionise the construction industry. It enhances the efficiency and accuracy of every stage of a construction project, from physical and digital realms to architecture, engineering, planning, measurements, and cost management, injecting new solutions and igniting innovation across the field," emphasises Dinis.
Navigating Challenges and Ethical Considerations
While ‘AI in Construction and Real Estate’ celebrates the capabilities of AI, it also addresses the challenges that come with adopting these technologies. Issues like data security, ethical AI use, and the need for reskilling and training are explored to provide a balanced perspective. The book argues for a structured approach to AI implementation, ensuring that technological advancements align with human values and organisational objectives.
Dinis Guarda reflects: “AI is not just an addition to the industry; it is a fundamental change that challenges us to rethink how we build, manage, and sustain our environments. This book is a call to action for industry leaders to harness AI’s potential while being mindful of its ethical and societal impacts.”
About Dinis Guarda
Dinis Guarda is an author, entrepreneur, founder CEO of Ztudium, Businessabc, Citiesabc, sportsabc.org, and Wisdomia.ai. Dinis is an AI leader, researcher and creator who has been building proprietary solutions based on technologies like digital twins, 3D, spatial computing, AR/VR/MR. Dinis is also an author of multiple books, including "4IR AI Blockchain Fintech IoT Reinventing a Nation" and others. Dinis has been collaborating with the likes of UN / UNITAR, UNESCO, European Space Agency, IBM, Siemens, and governments like USAID, and Malaysia to mention a few. He has been a guest lecturer at business schools such as Copenhagen Business School. Dinis is ranked as one of the most influential people and thought leaders in Thinkers360 / Rise Global’s The Artificial Intelligence Power 100, Top 10 Thought leaders in AI, smart cities, metaverse, blockchain, fintech.
About AI.DNA
AI.DNA is a multidisciplinary R&D artificial intelligence global interdisciplinary Labs to reinvent Humanity and foster social impact in cities and countries with AI. The brainchild of Dinis Guarda is the AI division of ztudium group. It offers AI.DNA Labs - AI R&D + GPU Data Center. AI.DNA offers the more advanced AI R&D GPUs, LLM Data AI Centers. It empowers businessabc.net, citiesabc.com, sportsabc.org, LegalABC, Constructionabc, Smart cities DNA. It offers state of the art solutions and integrating LLMs Data GPUs cutting edge solutions that serve and empower any business, government, organisations.
About Ztudium Booksabc
Booksabc is a R&D publishing division created by Dinis Guarda and managed by Ztudium dedicated to exploring the intersection of research and development, knowledge, technology, creative, sports and wellbeing industries and global impact through the world of augmented immersive books, audiobooks and edutainment MStores.
