Glossary

ac·cel·er·a·tor

Accelerator: is a fixed-term, cohort-based program that includes seed investment, connections, mentorship, educational components, and culminates in a public pitch event or demo day to accelerate growth.

ar·ti·fi·cial in·tel·li·gence

Artificial Intelligence: is the simulation of human intelligence processes by machines, especially computer systems.

ma·chine learn·ing 

Machine Learning: is a type of artificial intelligence which provides systems the ability to adapt, learn, change and improve without the need for human intervention.

API

API: Application Programming Interface or API is a group of protocols, tools, and routines for building and creating software. API specifies how software components should interact.

build world / built world

Build World / Built World: is the entirety of construction, real estate, infrastructure, public space, residential, retail, and office buildings that comprise the whole built environment.

build·ing in·for·ma·tion mod·el·ing

Building Information Modeling (BIM): is an intelligent 3D model-based process that gives architecture, engineering, and construction (AEC) professionals the insight and tools to more efficiently plan, design, construct and manage buildings and infrastructure.

cloud com·put·ing

Cloud Computing: means storing and accessing data and software over the internet as opposed to your computers hard drive.

con·tech

ConTech: is technological and digital innovations having anything to do with construction.

ESG

ESG: Environmental, Social and Corporate Governance (ESG) refers to the three central factors in measuring the sustainability and ethical impact of an investment in a company or business.

i·o·t

IoT: Internet of Things (IoT) revolves around increased machine-to-machine communication; it’s built on cloud computing and networks of data-gathering sensors; it’s mobile, virtual, and instantaneous connection.

 

off·site con·struc·tion

Offsite construction: refers to the planning, design, fabrication, and assembly of building elements at a location other than their final installed location to support the rapid and efficient construction of a
permanent structure.

prop•tech

Proptech: in its simplest form, is technology related to the Built World.

pre·dic·tive an·a·lyt·ics

Predictive Analytics: the use of statistical techniques such as predictive modeling, machine learning, and data mining to
analyze data and make predictions about the future.

smart build·ing

Smart Building: is any structure that uses automated processes to automatically control the building’s operations including heating, ventilation, air conditioning, lighting, security and other systems. This infrastructure helps owners, operators and facility managers improve asset reliability and performance, which reduces energy use, optimizes how space is used and minimizes the environmental impact of buildings.

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