Introduction

0:07 [Music] Ai and blockchain Technologies are transforming radically the very Fabrics of the construction real estate and property development industry welcome to this overview of how artificial intelligence AI tools and fourth industrial revolution technology IES are enhancing project timelines safety property transactions and sustainable energy efficient buildings the global Ai and construction Market size was valued at $ 2.93 billion US in 2023 and is projected to grow at a compound annual growth rate of 26.9% from 2024 to 2030 the application of Advanced Technologies like AI building information modeling data digital twins blockchain in construction are now revolutionizing the entire construction real estate and property industry this includes construction tenders smart project management legal management of documentation predictive maintenance risk mitigation and property valuation so what is the essence of AI in construction the first foundational practices of construction were laid down around 2,600 00 BC in ancient Egypt Greece and Rome where engineers and Architects like motep architected renowned structures including the Pyramid of joser from 1100 to 1500 ad