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New technology paper: The Impact of AI on Real Estate

Artificial Intelligence (AI) is rapidly transforming industries worldwide, and the real estate sector is no exception. With AI's ability to solve complex problems, reduce costs, and deliver personalised experiences, its integration into real estate operations holds immense potential.

This paper is presented by the INREV Technology Committee, discussing AI's potential impact, opportunities, and risks. Here are the key highlights from the paper:

  • AI can solve complex optimisation problems, streamline operations, improve decision-making processes, and enhance customer experiences at both organisation and asset levels.
  • Incorporating AI into business processes can be complex and real estate organisations should identify business opportunities and risks, whilst assessing their readiness for AI adoption. 
  • Establishing robust governance processes and training employees on ethical concerns and privacy issues ensures the appropriate use of AI and minimises risks of unfair or unreliable outcomes.

Download the full paper below and stay tuned for subsequent insight papers focusing on smart buildings and AI in practice, as we navigate the transformative landscape of AI technology in real estate.