AI & The Built Environment: LPA publishes latest report
The London Property Alliance (LPA) recently unveiled its latest report "AI and the Built Environment". The report, supported by the CPA and WPA NextGen committees and championed by Gardiner & Theobald, delves into how Artificial Intelligence (AI) is reshaping the construction and real estate industry and its workforce.
The report is a comprehensive study capturing the pulse of the industry through the perspectives of over 300 design, planning and development professionals including Landsec, Arup, AECOM, City of London Corporation, Foster + Partners, Greater London Authority, Grosvenor as well as Gardiner & Theobald.
The survey revealed a landscape ripe for AI integration, with 90% of participants acknowledging AI鈥檚 potential to boost efficiency and productivity and a significant 70% already having interacted with AI tools. The report also reinforces the need for the next generation to be adept at integrating AI into its workflows to stay ahead in a competitive landscape.
Strategic benefits AI could bring to London鈥檚 real estate landscape include:
鈥� Enhanced Workflows: AI can streamline processes, from site acquisition to final delivery, enabling more efficient development timelines
鈥� Accelerated Planning: AI could revolutionise the planning system, reducing delays and supporting London鈥檚 growth
鈥� Informed Decision-Making: Real-time insights from AI can guide decisions throughout the design and development phases, mitigating late-stage issues and redesigns
鈥� Optimised Land Use: AI can refine the process of determining appropriate development densities, especially crucial in land-constrained urban areas
鈥� Sustainability Gains: By optimising building management, AI can drive significant advancements towards decarbonising London鈥檚 built environment
Download the full report
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