The real estate sector is undergoing a seismic shift in light of the UN Environment Programme suggesting that it’s responsible for nearly 40% of greenhouse gas (GHG) emissions globally. Fundamental changes are needed as the global economy looks to decarbonize and the real estate industry is a sector where real change is possible.
Within the real estate market, we are witnessing calls for greater transparency as companies come to terms with evolving sustainability requirements and increasing economic uncertainty. With these shifts comes greater responsibility, so real estate asset owners and managers are seeking new ways to understand the data behind the buildings that they own and manage.
Along with most of the corporate world, AI is set to transform the real estate sector. Stakeholders need information to be gathered faster and more accurately to inform their future strategies. BuildingMinds – an award-winning, Berlin-based PropTech brand owned by elevator specialist Schindler and started just four years ago – is at the leading edge of the shift towards AI and greater sustainability in real estate.
How AI technology can revolutionize real estate
In today’s regulatory environment, frameworks are tightening and stakeholders are demanding greater transparency. Relying on portfolio estimations is no longer sufficient. At BuildingMinds, our AI-driven data intake and structuring software allows asset managers to pull and parse essential information in real-time, supporting compliance efforts, risk mitigation, and financial optimization. This enables informed decision-making that ultimately enhances sustainability and profitability for real estate portfolios.
One of our flagship innovations, the Invoice Extractor, leverages prompt engineering data to enable users to drag and drop multiple utility invoices into our platform – regardless of language, currency, utility consumption units or format. This allows the tool to extract dozens of relevant information points with 95% accuracy in just a matter of seconds. Without this technology asset owners have to manually pull this information and create complex and often slow processes to understand and report on the data.
Further, through a scientifically rigorous methodology for calculating GHG emissions, our platform streamlines reporting and compliance, which facilitates assurance-ready data outputs for clearing regulatory hurdles.
Beyond compliance, our solutions empower users to proactively manage risks. BuildingMinds provides a strategic foundation for long-term resilience through its ability to forecast the probability of physical threats and assess the risks related to stranded assets, GHG impact, and carbon emissions costs. These insights allow asset owners and managers to develop robust strategies for minimizing potential losses and maximizing asset value.
Financial performance is another critical factor in modern real estate management where owners seek greater insight. Our AI-driven platform delivers this through increased visibility into the sustainability factors that impact Net Operating Income, with the ultimate goal of reducing energy consumption and operating costs. By leveraging BuildingMinds’ AI-driven retrofit recommendations, users optimize their CapEx and achieve operational savings.
What the future of a data-driven industry encompasses
The future of real estate will be defined by the industry’s ability to harness AI for efficiency, compliance, and profitability. At BuildingMinds, we remain committed to driving this transformation, equipping real estate professionals with the tools they need to thrive in an evolving landscape.
Governments worldwide are implementing regulations to provide sustainable real estate practices, including mandatory reporting of energy efficiency, carbon emissions and other sustainability metrics. The time for asset owners to invest in software to support change is now.
With a total portfolio encompassing billions of dollars’ worth of assets globally, BuildingMinds caters to a customer base that includes prominent names such as Zurich Insurance Group, Blackbrook Capital, Irish Life and Arealis. Our combination of leading technology backed by some of the biggest names in the industry means we are swiftly emerging as the go-to standard for real estate brands.