www.lightboxre.com Open in urlscan Pro
35.184.244.131  Public Scan

Form analysis
2 forms found in the DOM

GET https://www.lightboxre.com/

<form role="search" method="get" id="searchform" class="searchform" action="https://www.lightboxre.com/">
  <div>
    <label class="screen-reader-text" for="s"></label>
    <input type="text" name="s" id="s" placeholder="Type your search..." value="">
    <input type="submit" id="searchsubmit" value="Search">
  </div>
</form>

GET https://www.lightboxre.com/

<form role="search" method="get" id="searchform" class="searchform" action="https://www.lightboxre.com/">
  <div>
    <label class="screen-reader-text" for="s"></label>
    <input type="text" name="s" id="s" placeholder="Type your search..." value="">
    <input type="submit" id="searchsubmit" value="Search">
  </div>
</form>

Text Content

 * Customer Support
 * Developer Portal

 * Industries & Roles
   
   * COMMERCIAL REAL ESTATE
     
     * Appraisers
     * Brokers
     * Environmental Due Diligence
     * Lending & Financial Services
     * Real Estate Developers
     * Real Estate Investors
     
     LOCATION INTELLIGENCE
     
     * Energy
     * Government
     * Insurance
     * Mapping and Routing
     * Telecom
     * Utilities
 * Products
   
   * LOCATION INTELLIGENCE
     
     * CanMap®
     * LightBox Vision℠ (LandVision℠)
     
     DUE DILIGENCE
     
     * EDR®
     * EDR® Environmental Data Packages
     * PZR Report™
     * Report Writer
     * Valuation
     
     BROKERS & INVESTORS
     
     * ClientLook®
     * RCM Deal Center
     * RCM Marketplace
     * RCM®
     
     LENDING
     
     * Collateral360®
     * EDR® Environmental Risk Screen
     * RIMS®
     View all
 * Data
   * Data Overview
   * Data Access
     * LightBox Vision℠
     * LightBox APIs
     * Bulk Data Delivery
     * Feature Service
     * Snowflake
     * Professional Services
     * View All
   * LightBox Core Data Layers
     * Parcels
     * Assessment
     * Addresses
     * Geocoding
     * Zoning
     * Transaction History
     * Building Footprints
     * LightBox ID
     * View All
   * Canadian Data
 * Insights
   * Insights Overview
   * Capital Markets
   * Connected Data
   * Diversity, Equity & Inclusion
   * Due Diligence
   * ESG
   * Location Intelligence
   * Resource Center
   * All Podcasts
 * About
   * About
   * News & Press
   * Events
   * Leadership
   * LightBox Labs
   * Careers
 * Contact
 * Login
   * EDR Ordering
   * LightBox Vision℠
   * Location Hub Viewer
   * PARCEL Platform
   * Collateral360
   * RCM
   * ClientLook
   * GovClarity
   * Narrative1
   * RIMS Central
   * LightBox Valuation
   * View All >
 * Customer Support
 * Developer Portal

Back

Back

 * Industries & Roles
   Industries & Roles View By Task Products Developer Portal
   
   COMMERCIAL REAL ESTATE
   
    * Appraisers
    * Brokers
    * Environmental Due Diligence
    * Lending & Financial Services
    * Real Estate Developers
    * Real Estate Investors
   
   LOCATION INTELLIGENCE
   
    * Energy
    * Government
    * Insurance
    * Mapping and Routing
    * Telecom
    * Utilities

 * Products
   
   LOCATION INTELLIGENCE
   
    * CanMap®
    * LightBox Vision℠ (LandVision℠)
   
   DUE DILIGENCE
   
    * EDR®
    * EDR® Environmental Data Packages
    * PZR Report™
    * Report Writer
    * Valuation
   
   BROKERS & INVESTORS
   
    * ClientLook®
    * RCM Deal Center
    * RCM Marketplace
    * RCM®
   
   LENDING
   
    * Collateral360®
    * EDR® Environmental Risk Screen
    * RIMS®
   
   View all
 * Data
   * Data Overview
   * Data Access
     * LightBox Vision℠
     * LightBox APIs
     * Bulk Data Delivery
     * Feature Service
     * Snowflake
     * Professional Services
     * View All
   * LightBox Core Data Layers
     * Parcels
     * Assessment
     * Addresses
     * Geocoding
     * Zoning
     * Transaction History
     * Building Footprints
     * LightBox ID
     * View All
   * Canadian Data
 * Insights
   * Insights Overview
   * Capital Markets
   * Connected Data
   * Diversity, Equity & Inclusion
   * Due Diligence
   * ESG
   * Location Intelligence
   * Resource Center
   * All Podcasts
 * About
   * About
   * News & Press
   * Events
   * Leadership
   * LightBox Labs
   * Careers
 * 

 * Login
    * EDR Ordering
    * LightBox Vision℠
    * Location Hub Viewer
    * PARCEL Platform
    * Collateral360
   
    * RCM
    * ClientLook
    * GovClarity
    * Narrative1
    * RIMS Central
    * LightBox Valuation
   
   View All >
    * EDR Ordering
    * LightBox Vision℠
    * Location Hub Viewer
    * PARCEL Platform
    * Collateral360
    * View All >

Contact
 1. Home
 2. Insights
 3. Due Diligence

Environmental Due Diligence


SUBSCRIBE TO LIGHTBOX INSIGHTS

Gain market-moving insights from industry experts.
We will not share your data. View our Privacy Policy.

SUBSCRIBE NOW


NAVIGATING THE IMPACT OF AI ON THE FUTURE OF PHASE I ENVIRONMENTAL SITE
ASSESSMENTS

January 30, 2024 3 mins

The advent of artificial intelligence (AI) has sparked both excitement and
concerns within various industries, including the field of Phase I Environmental
Site Assessments (ESAs). To gauge the sentiments surrounding AI in the context
of Phase I ESAs, we asked our network of Environmental Professionals in our
Annual Benchmark Survey about their current feelings concerning AI, revealing a
diverse range of opinions among professionals in the industry. It felt apropos
to employ ChatGPT itself in the early drafts of this article to parse down the
hundreds of responses we received on the topic, so that’s exactly what we did.


CONCERNS AND CHALLENGES



One prevalent concern expressed by respondents is the potential for AI to
compound errors if not thoroughly reviewed. The fear of relying on AI for
critical tasks, such as report writing, and the subsequent elimination of the
need for Environmental Professionals (EPs) is also evident. Some worry about the
liability associated with AI-generated reports, questioning whether the
responsibility falls on the consulting firm or the AI developer in case of
errors or omissions.

Additionally, professionals are concerned that AI might drive down pricing and
time allotted for Phase I ESAs, risking the quality and accuracy of conclusions
and recommendations. The fear of job loss to AI and the impact on the industry’s
competitive edge are common worries. Respondents emphasize the importance of the
human element in assessments, stressing the need for judgment, experience, and
local knowledge.


HOPE AND OPPORTUNITIES



Despite the concerns, there is hope and optimism among respondents regarding the
potential benefits of AI in the Phase I ESA industry. Many express optimism
about the efficiency and cost-effectiveness that AI can bring, particularly in
terms of quickly compiling data from multiple sources for expedited reviews.

Professionals also see potential in AI’s ability to streamline data analysis,
database and records reviews, and document processing. The hope is that AI can
enhance the overall quality of Phase I ESAs by improving access to information,
increasing response times, and facilitating a more thorough review of regulatory
and historical documentation.

Some respondents foresee AI being used as a tool to assist EPs rather than
replace them entirely. They see the possibility of AI-generated draft reports
that can be reviewed and refined by human experts, leading to faster report
writing while maintaining the discerning eye of an experienced EP.


CONCLUSION: HELP OR HINDRANCE?



The survey results reveal a mix of concerns and hopes surrounding the
integration of AI in Phase I Environmental Site Assessments. While there are
fears of job displacement, commoditization, and potential errors, there is also
optimism about the efficiency gains, cost savings, and enhanced capabilities
that AI could bring to the industry. “My prediction is AI is going to have an
outsized role in the business by the end of 2024, observed Dana Wagner CHMM,
National Manager of Environmental Due Diligence Services, Terracon. “This idea
of alternative delivery of information is something whose time is here and is
going to get more and more important with clients requiring near real-time input
on their decision-making, but there are some cautionary elements to AI. For
instance, I don’t think it replaces good counsel at this point.” Striking a
balance between leveraging AI for increased efficiency and preserving the
essential human elements of judgment and experience will be crucial as the
industry navigates the evolving landscape of technology.

ABOUT THE 2023 BENCHMARK SURVEY

LightBox EDR is dedicated to tracking and understanding trends in the property
due diligence market and responding to our client’s requests for current
industry benchmarks. In 2Q’23, LightBox EDR invited a sample of environmental
consultants and engineers across the United States to complete a survey with
questions on market performance, Phase I ESA pricing and turnaround time,
clients’ risk tolerance, the near-term outlook and top business challenges. More
than 300 environmental professionals responded to the survey over three weeks,
representing almost every US state and a wide cross-section of firm sizes and
types.

You can view a complete report of LightBox’s 2023 Benchmark Survey Results here.

Due-Diligence
Share this:
LinkedInTwitter


SUBSCRIBE TO LIGHTBOX INSIGHTS

Gain market-moving insights from industry experts.
We will not share your data. View our Privacy Policy.

SUBSCRIBE NOW

RELATED INSIGHTS

PRELIMINARY Q3 2024 APPRAISAL INDEX SHOWING EARLY…

LIGHTBOX MONTHLY CRE ACTIVITY INDEX DECLINES SLIGHTLY…

LIGHTBOX MONTHLY CRE ACTIVITY INDEX STABLE IN…

CONTACT US


SUBSCRIBE TO LIGHTBOX INSIGHTS


 * 
 * 

PRODUCTS

 * View All Products
 * RCM®
 * ClientLook®
 * Collateral360®
 * Valuation
 * EDR LIGHTBOX® Data Viewer

DATA

 * Data Overview
 * Data Access
 * LightBox Core Data Layers
 * Canadian Data

INSIGHTS

 * Insights Overview
 * Capital Markets
 * Connected Data
 * Diversity, Equity & Inclusion
 * Due Diligence
 * ESG
 * Location Intelligence
 * Resource Center
 * All Podcasts

ABOUT

 * About
 * News & Press
 * Events
 * Leadership
 * LightBox Labs
 * Careers

CONTACT

 * Follow on Twitter
 * Follow on Linkedin

PRODUCTS

 * View All Products
 * RCM®
 * ClientLook®
 * Collateral360®
 * Valuation
 * EDR LIGHTBOX® Data Viewer

DATA

 * Data Overview
 * Data Access
 * LightBox Core Data Layers
 * Canadian Data

INSIGHTS

 * Insights Overview
 * Capital Markets
 * Connected Data
 * Diversity, Equity & Inclusion
 * Due Diligence
 * ESG
 * Location Intelligence
 * Resource Center
 * All Podcasts

ABOUT

 * About
 * News & Press
 * Events
 * Leadership
 * LightBox Labs
 * Careers


Contact
© 2024 LightBox Holdings, L.P.
 * Privacy Policy
 * Terms of Use
 * Cookie Preferences



✓
Thanks for sharing!
AddToAny
More…