BLDX’s AI Risk Platform is revolutionizing the built environment by creating smart digital twins of buildings and construction projects. These digital twins proactively identify and continuously monitor risks, eliminating these blind spots for general contractors, insurance underwriters, and other built environment professionals. We transform information into accessible, verifiable, and intelligent insights throughout the lifecycle of a project and building.
Our cloud-based AI platform aggregates a project’s complete lifecycle data history—throughout the design, build, operate and maintain phases—into a central hub of intelligence to draw upon. Specialized AI agents are assigned a specific "job to be done" to unlock risk insights as new information flows into the platform. Recognizing the critical importance that human decision-making plays in a project's success, BLDX’s ensures transparency by highlighting the exact data sources within documentation that inform its AI-generated insights.
With tailored summaries and detailed risk assessments, BLDX provides actionable insights to users at all levels. This empowers teams to address risks proactively while improving project results.
For example, during the construction of a Hotel & Resort megaproject, BLDX flagged risk exposures tied to the use of EIFS materials excluded by the insurance policy. This proactive identification helps the project team address the issue early, avoiding costly claims and rework. Even after project competition, through insurance policy expiration, the digital twin supports insurers, owners, and operators through continuous monitoring of risks and ensures compliance with insurance policies and warranties.
What BLDX Expects to Change and Challenge
BLDX’s mission is to eliminate 100% of avoidable project claims by tackling the longstanding challenges of accessibility, validation, and intelligence in a document-centric industry. Currently, for every $1 paid out on complex construction claims, $7 is wasted--leading to an estimated $200 billion in losses in 2023 alone. These losses arise from blind spots created by an overwhelming sea of unstructured data where critical risks remain hidden.
Our platform transforms this dynamic by making project data accessible, verifiable, and intelligent. By ingesting and analyzing information in real-time, BLDX helps stakeholders pinpoint risks before they escalate, reducing claim costs on an average of 30% or eliminating them entirely.
For example, a portfolio of 1,000 multi-tenant buildings utilizes BLDX to ingest building information, including loss-control audits and trends in claims. Our AI agents extract individual property risk recommendations, aggregate them into risk categories monitor thresholds as new documentation flows in and send alerts accordingly. This enables users to proactively mitigate risks and prevent claims on both individual properties and across their portfolio.
By emphasizing interoperability with users' current SaaS solutions, ensuring data privacy, and maintaining transparency, BLDX equips stakeholders—from design professionals to contractors and insurers—with trusted, real-time insights. This paradigm shift fosters greater efficiency, enhances decision-making, and creates a more sustainable and profitable built environment.
Innovating Data Collection and Utilization
The core of BLDX’s innovation lies in our Smart Digital Twin technology, which trains AI models with industry-specific information to provide a verifiable truth about what exists in the real world. The construction industry is highly fragmented, allowing for specialized expertise in the design and build process, but resulting in data often siloed across different systems and SaaS solutions. This fragmentation leads to a lack of verifiable data and challenges in decision-making.
BLDX overcomes these hurdles by capturing vast amounts of raw data from documents, APIs, and IoT sensors, making it secure, verifiable, and accessible across all phases of a building’s lifecycle without vendor lock-in. Users retain control over their data deciding what to share or keep private with internal and external parties.
Through an analysis of historical claims, we train our models to pre-process incoming data and flag risks informed by previous project issues-a real-time lessons learned on project risks. These insights allow project teams and building stakeholders to instantly receive of summary risk report and prevent unforeseen costs, reducing claims and enhancing project outcomes.
By breaking down data silos and democratizing access to actionable insights, BLDX is fostering a more informed, connected and sustainable built environment.
Biggest Challenges and Benchmarking Success
The adoption of new technology the built environment faces cultural resistance, as many firms and team members are accustomed to the traditional construction means and methods and may distrust the security and accuracy of AI. However, strategically savvy leaders are rapidly embracing AI solutions to stay ahead of the curve, accelerating their AI capabilities, leaving late adopters to face significant competitive disadvantages or risk obsolescence.
We benchmark success by measuring our platform’s impact across diverse projects and building types—from modular homes and multi-family developments to healthcare facilities, billion-dollar hotel resorts, and data centers. Key metrics include reduction in claim frequency and severity, a decline in rework, improved sustainability outcomes, operational cost savings, and project margin gain.
By acting as a personal risk agent, BLDX enables teams to identify and mitigate risks early, transforming challenges into opportunities, enhancing profitability, and eliminating surprises.
We are living in a time where artificial intelligence is proving to be as revolutionary as the Gutenberg printing press. As AI and computing power continues to evolve at an exponential rate, BLDX will continue to deliver even deeper insights into project and building risks—eliminating the all-too-common regret of, “If only we had known.”
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