Advancing property and asset valuation: Leveraging LiDAR, drones and AI - Bridging academic and industry perspectives

Introduction
As the built environment industries progress, the incorporation of LiDAR technology, drones and Artificial Intelligence (AI) is becoming increasingly common in the property sector, with significant implications for valuation practice. This book brings together the expertise of leading authorities from academia and industry – both private and public sectors – exploring the complex interplay of these technologies in redefining and transforming valuation processes and practices. With an emphasis on academic rigour and practical applicability, this edited volume serves as an essential resource for scholars, practitioners and students who are looking to understand and contribute to valuation approaches to support innovative and effective land use decision-making. Furthermore, the book also aligns with UN Sustainable Development Goals 4, 9 and 11, demonstrating the transformative potential of technology and recognising our responsibilities to future generations.


Editors

•Dr Johari Hussein Nassor Amar, Bond University, Gold Coast, Queensland Australia

•Associate Professor Lynne Armitage, Bond University, Gold Coast, Queensland, Australia

•Dr Rosemarie Rusch, Bond University, Gold Coast, Queensland, Australia 

Objective

This book will provide explanation, clarification and practical examples of emerging techniques and processes for the collection, analysis, synthesis and review of data relevant to property valuation and asset management practice. This will be a valuable resource for scholars, practitioners and students who want to upskill and gain confidence in the use of otherwise unfamiliar and challenging advanced technologies which are disrupting property valuation methods and practices. The book will focus on the contribution which LiDAR, drones and AI offer to the process of valuing different asset classes in a manner which is more accurate and efficient than is currently the case. What makes the book particularly useful is the inclusion of applications to other areas, such as urban property markets, agricultural lands, natural resources, public assets, infrastructure and ESG assessments in the contemporary built environment. The book features a robust case study approach to illustrate, across a diverse array of real-world contexts, the way such technologies are used and their positive impacts on the sector. Furthermore, the book will offer a comprehensive understanding of the emerging ethical and regulatory challenges, ensuring users are well-informed and adaptable to established guidelines while leveraging these technologies for property and asset valuation.

Target Audience

The proposed book is intended for a global readership, as the chapter contributions will be prepared through collaborative efforts from both academic and non-academic practitioners in the public and private sectors worldwide. 

This book is designed to cater to a diverse audience comprising researchers, scholars, students and industry practitioners involved in valuation and across various sectors in the built environment. Academics will find value in the theoretical frameworks and research methodologies discussed, while industry professionals – in fields such as primary industries including agriculture, mining and forestry, property, asset and infrastructure management and development, corporate and portfolio asset management, planning, construction, project management, property analysis, IT and digital technologies, architecture and environmental management – will benefit from practical insights and case studies that directly address the challenges and opportunities in adopting these technologies.

Its niche, in terms of research or professional interests, extends to higher education courses at undergraduate and postgraduate levels and degrees by research (MPhil and PhD) in the built environment, specifically in property valuation, planning, real estate and development, construction and quantity surveying, project management, property law, architecture, BIM and other related disciplines.

The scope of the content may be used as a teaching resource or contribute to research or professional activity as it offers interdisciplinary insights, which are a synthesis of academic expertise and industry experience across valuation and the broader built environment.

Submission Procedure

•If you are interested in submitting a chapter proposal, you must consult the attached guidelines for manuscript submissions (see right side of this page).

•The critical timeline below indicates the process to be followed in the journey to publication. All submitted chapter proposals and full chapters will be received a double-anonymised review. Contributors may also be asked to act as reviewers for this material.

•All chapter proposals should be submitted via the Microsoft One Form: https://forms.office.com/r/k4KUcShwBZ

Publisher

Taylor and Francis, an Informa business of which Routledge is a component part, is one of the world’s leading publishers of scholarly journals and books, and works with a wide and diverse community of experts from a variety of geographies and backgrounds who come together to share and challenge the ideas that shape their fields. Taylor & Francis ensures authors’ work reaches a broad, global audience and provides the tools to help you make an impact. Authors may wish to explore their Research Impact Collection, a global portfolio of books and journals which provide expert guidance which increases awareness and understanding of research impact as well as providing practical tips for researchers and academic authors around the world. https://taylorandfrancis.com/who-we-serve/academia/authors 

Critical timeline

* Initial proposal extended to      01 September 2024
* Notification of acceptance         13 September 2024
* Full chapter due                        15 November 2024
* Review results returned             12 December 2024
* Revised final chapter due          24 January 2025
* Final decision notification         14 February 2025
* Full manuscript review due        31 March 2025
* Manuscript delivered to Routledge/Taylor & Francis  11 April 2025


More information
For any enquiries, please contact using the following details.
* email: [email protected]
* Phone: +61 7 5595 2192

The themes under which the book will be organised comprise:
    Part 1: LiDAR applications in property valuation for various asset classes
    Part 2: Drone operation in property and asset valuation processes
    Part 3: Emerging AI technologies in property and asset valuation
    Part 4: Future outlook for valuation education and skills development

1. Theoretical foundations: The book will contain the basic principles and comprehensive structures of LiDAR, drones and AI. It explains how these technologies are used in the valuation process and practice.

2. Technological integration: The book will discuss how the integration of emerging technologies can enhance the accuracy, efficiency and scalability of valuation processes and practices. It’s about how technology can make these processes faster, more accurate and easier to scale up.

3.Case studies: This part of the book provides real-world examples or cross-cultural aspects that demonstrate how these technologies have been applied in different situations or contexts.

4. Ethical and regulatory considerations: Part of the book will address the ethical issues, data privacy concerns, and the rules and guidelines that come with using these technologies in valuation processes and practices i.e. the do’s and don’ts and the legal aspects of using these technologies.

5. UN Sustainable Development Goals (SDGs): The book will show how to incorporate SDGs 4 (Quality Education), 9 (Industry, Innovation and Infrastructure) and 11 (Sustainable Cities and Communities) into both education and practical applications.