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Real Estate Companies in India, China Adopting Artificial Intelligence

Additionally, the rising adoption of the machine and deep learning technologies by companies to automate their business model is also considered as one of the major factors contributing to this regional market’s growth, said the report

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Artificial Intelligence Bot
Artificial Intelligence Bot. Pixabay

The real estate companies in India and China are fast adopting Artificial Intelligence (AI) technology in the development of applications that comprise machine vision for easy analysis and surveying of buildings and structures.

Asia Pacific that contributes nearly 40 per cent in the global construction market, is estimated to be the fastest growing “AI-in-construction” market by 2024, Zion Market Research said on Monday.

The growth in Asia-Pacific “is owing to the extensive adoption of the AI-based platforms, such as machine learning and deep learning, code frameworks, and pre-built algorithms by the real estate companies in emerging economies, such as China and India”.

Additionally, the development of creating information modelling is software that gives information on a construction project, warranty details regarding material used, and commissioning data.

This has resulted in increased AI adoption by most of the construction start-ups globally for various applications, the findings showed.

According to the report, the global “AI-in-construction” market was valued at $312 million in 2017 and is expected to reach $3,161 million by 2024.

artificial intelligence, nobel prize
“Artificial intelligence is now one of the fastest-growing areas in all of science and one of the most talked-about topics in society.” VOA

“The construction sector is adopting AI to obtain precise data and insights to increase productivity, operational efficiency, and ensure safety at work. AI operates on algorithms related to image recognition to find out search criteria,” said the report.

In addition, the need for safety measures on construction sites is also projected to drive this market’s growth.

“Furthermore, huge investments made by construction companies from the emerging economies globally in the adoption of the advanced AI technology for construction applications is also likely to contribute toward the global growth of the AI-in-construction market,” the findings showed.

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Europe is projected to witness a remarkable rate of growth in the global “AI-in-construction” market in the upcoming years, due to the huge investments made by construction companies in AI technology for support, training, and digital platform.

Additionally, the rising adoption of the machine and deep learning technologies by companies to automate their business model is also considered as one of the major factors contributing to this regional market’s growth, said the report. (IANS)

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People in India Get the Best Good Night’s Sleep: Survey

Sleep quality, patterns, and duration may vary among countries, but one thing’s clear – people still aren’t getting enough sleep, it noted

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sleeping

When it comes to quality sleep, India has astonishingly come on top — followed by Saudi Arabia and China — among the most restful populations where people get the best good night’s sleep.

The survey, conducted online by global market research firm KJT Group on behalf of Philips among 11,006 adults ages 18 and older in 12 countries, found that roughly 62 per cent of adults worldwide feel that they don’t sleep well when they go to bed.

The worst on the chart is South Korea, followed by Japan for poor sleep habits.

On average, adults globally sleep only 6.8 hours per night during the week and 7.8 hours per weekend night.

Rather than getting the recommended eight hours each night, more than six in 10 adults sleep longer hours on the weekend to catch up on sleep (63 per cent), the findings showed.

More than 4 in 10 adults say their sleep has gotten worse in the past 5 years, compared to only 26 per cent who said their sleep has gotten better and 31 per cent of adults saying their sleep hasn’t changed.

Canada (63 per cent) and Singapore (61 per cent) are the two countries with the highest reports of worry/stress impacting their sleep, said the “Philips Global Sleep Survey” 2019.

Lifestyle factors are crucial determinants when it comes to an individual’s sleep. The top five reasons around the world were worry/stress (54 per cent), the sleep environment (40 per cent), work or school schedule (37 per cent), entertainment (36 per cent) and a health condition (32 per cent).

Sleep, Mental Health, Students
Insufficient sleep is associated with a wide range of mental health issues. Pixabay

Sleep is finally being recognized as a key contributor to an individual’s overall health and wellbeing.

Losing just one or two hours of sleep per night can have the same impact on motor and cognitive functions as going without sleep for a full day or two.

“However, adults across the globe deal with various health and lifestyle factors that can stand in the way of them getting the best night’s sleep,” said the survey.

Among those who live with a spouse or partner, 35 per cent of women either only occasionally, frequently or never sleep in the same bed as their partner who snores.

Six in 10 global adults experience daytime sleepiness at least twice per week.

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Nearly 67 per cent of global adults reported they typically wake up at least once during the night.

Adults in India (36 per cent) and the US (30 per cent) were the most likely to sleep with a pet in their bed, said the survey.

Sleep quality, patterns, and duration may vary among countries, but one thing’s clear – people still aren’t getting enough sleep, it noted. (IANS)