COMMERCIAL REAL ESTATE TECH
- Artificial Intelligence
  Artificial Intelligence in Real Estate
  According to MITSloan Management Review 2018 Artificial Intelligence or AI in business gets real. So artificial intelligence in real estate is transforming the industry.
  The Potential in Real Estate Analytics
  Many real estate firms have long made decisions based on a combination of intuition and traditional, retrospective data. Today, a host of new variables make it possible to paint more vivid pictures of a location’s future risks and opportunities.
  Conventional analytical methods and data sources make it challenging to draw clear hypotheses and build robust business cases.
  At the same time, new and unconventional data sources are becoming increasingly relevant. Resident surveys, mobile phone signal patterns, and Yelp reviews of local restaurants can help identify “hyperlocal” patterns—granular trends at the city block level rather than at the city level.
  What’s possible with Artificial Intelligence
  To use machine learning algorithm data make it significantly easier to aggregate and interpret the not traditional real estate data. Traditional data have limited value to anticipate the future for e.g. developments regardless for residential or commercial. Advanced analytics can quickly identify areas of focus, then assess the potential of a given parcel with a predictive lens.
  What’s the impact of AI in Real Estate
  A successful data-driven approach can yield powerful insights. For instance combining traditional and not traditional data base can forecast rents for residential with an accuracies up to 90%.
  How to make it happen
  Building advanced analytics into a portfolio is no straightforward task. Collecting enough data to build accurate algorithms takes time. To face this challenge head-on, companies might begin by employing analytics in executing their most critical strategic imperatives, Or they use other resources i.e. ai applications from outside. Or a mix of both.
  beyond Commercial Real Estate will give you an orientation and share the latest insights and topics on artificial intelligence in real estate.
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Amazon launches Counter in-store pick-up in the US, starting with 100 Rite Aid locations | TECHCRUNCH

Jürgen Schroeder, 11/07/2019 0 1 min read

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Amazon launches physical kiosks in UK train stations, a local extension of its Treasure Trucks | TECHCRUNCH

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Amazon real estate chief: ‘I want to change the way that people work within the four walls’ | GEEKWIRE

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Tag: amazon

Amazon launches Counter in-store pick-up in the US, starting with 100 Rite Aid locations | TECHCRUNCH

Amazon launches physical kiosks in UK train stations, a local extension of its Treasure Trucks | TECHCRUNCH

Amazon real estate chief: ‘I want to change the way that people work within the four walls’ | GEEKWIRE

Capture the Digital Business of Real Estate – Innovation vs Experiences | CRETECH

With Amazon’s Exit, New York’s Booming Tech Scene Lost What Could Have Been Its Rocket Fuel | INC.COM

To think the unthinkable – A Leadership Lesson of Amazon’s Jeff Bezos | THE GUARDIAN

Others have taken their Place and mostly we’re better off for it – A retail Icon disappeared | IMD

Where does Amazon’s new Retail Concepts begin | NYTIMES

Will Amazon’s Success in the Past continue to do so into the Future | BoF

How Amazon affects not just the Price Policy in the Retail Sector | CNBC

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