Thank you for Subscribing to Construction Business Review Weekly Brief
Whether you’re an investor, developer, or owner, the land acquisition and development business abound with challenges that can result in project schedule delays and costly spending due to unforeseen liabilities. Because environmental issues, in particular, can be extremely detrimental to site development, a project’s success depends on how well environmental risk is identified, analyzed, and managed from acquisition through construction. With advances in technology, assessing a property’s environmental risk is now more efficient and cost effective than ever.
AI Powered Technology Reduces Risk and Streamlines Site Assessment
When environmental scientists and engineers investigate a site for environmental risk, it requires many hours of analysis and days of field work on-site to collect hydrology, chemistry, and geology data to create a conceptual site model of potential contamination. These models can be quite expensive to develop, however they are extremely important because the costs of delays from unanticipated issues and potential remedial actions and decisions by regulators hinge on understanding the extent, concentration, and spread of contaminated material beneath the surface and the overall footprint of the affected area.
Fortunately, the site assessment process can be streamlined using a form of artificial intelligence (AI) called machine learning (ML). ML involves the use and development of AI machines or systems that learn from and adapt to new data. Based on thousands of calculations and analyses, the systems draw inferences from patterns in data to make decisions and recommendations. Use of such technology greatly increases accuracy and efficiency, significantly reduces the possibility of human error, and provides a fundamentally deductive approach (producing an estimate from millions of data points) rather than the traditional inductive approach (looking for data based on a hypothesis). Leveraging ML to estimate a site’s environmental risk can rapidly and cost effectively give owners and developers a unique understanding of the potential liability and costs associated with an investment, as well as a head start on potential corrective measures required to clean up a site.
ML Technology Reduces Project Lifecycle and Costs
Kleinfelder, an industry-leading engineering and environmental professional services firm that provides lifecycle services which span planning through construction for property owners and developers, and Azimuth1, a team of geospatial, data analytics, and computer science experts, have partnered to apply Azimuth1’s ML technology, EnviMetric®, to create an enhanced asset/property management solution called Rapid Site Development | ML. As a predictive modeling tool, Rapid Site Development | ML estimates the extent and magnitude of groundwater contaminant plumes.
Referencing a proprietary database of nearly 100,000 contaminated sites from across the US, the technology rapidly provides accurate results by applying a machine learning approach which requires minimal site-specific data. The model output is used to guide site assessment and remediation plans, streamlining environmental site investigation activities and reducing costs associated with well installation, on-going sampling, third party access fees, and permitting. In many cases, these efficiencies can reduce the project lifecycle by two to three years, thereby providing tremendous lifecycle value for a low upfront cost.
The technology has been applied to several projects and proven highly effective. In one case, chlorinated hydrocarbon impacts to soil vapor were identified at a commercial property for potential development. Rapid Site Development | ML was used to evaluate publicly available data and evaluate whether an offsite source could be responsible for the impacts. With minimal setup, the EnviMetric® model showed that there was a 50-75 percent likelihood that plume from the offsite property could be responsible for the observed impacts. Because available data was used from previously conducted investigations, the modeled EnviMetric® results did not require an additional intrusive environmental investigation, and the developer could make informed decisions regarding the development of the property with minimal upfront investment costs.
AI Technologies Can Help Developers Understand Potential Liabilities And Provide Increased Confidence In The Overall Financial Viability Of A Project
Greater Predictability and Confidence in Site Selection and Development
As property developers look to maximize the value of their investments and bring their projects to market more quickly, the use of emerging AI technologies, such as ML, will be an asset of increasing importance in the property selection and development process. Such technologies can help developers understand potential liabilities and provide increased confidence in the overall financial viability of a project.