State of Built World Tech
Built world startups are leveraging an ecosystem of artificial intelligence technologies from robotics to computer vision, IoT. Our research analyses European and US venture capital deal trends to outline the many ways in which artificial intelligence is enabling the digitisation and decarbonisation of the built world. the built world.
Resilience in the Built World
$1.4tn
Global annual downtime costs
Undetected issues in infrastructure assets have significant productivity impacts, causing estimated unplanned downtime costs of $1.4tn each year across the world’s 500 biggest companies.
1.5M
Blue collar skill gap
Across the EU and North America, electrification and the onshoring of manufacturing and energy production is creating new jobs for which there is inadequate supply. In the EU, the number of unfilled plant operator roles is expected to be 1.5mn through 2030.
$230tn
Global spend required
Europe and North America have an acute problem with ageing physical infrastructure. Required annual global spend to build new assets across energy, mobility, buildings, industry and land is estimated at $9.2tn until 2050.
Insights
Funding for built world tech has remained resilient relative to other tech verticals, with dollars expected to end the year 7% down on 2023. Funding for built world tech has remained resilient relative to other tech verticals, with dollars expected to end the year 7% down on 2023.
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