Follow us
Personal Profile
  • User privacy settings
  • Feedback
beyondCRE beyondCRE beyondCRE
      • beyondCRE beyondCRE beyondCRE
      • COMMERCIAL REAL ESTATE TECH
          • Artificial Intelligence
          • Blockchain
          • FinTech
          • PropTech
          • CRE Tech-Other Stories
        • 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.

        • Blockchain
        • FinTech
        • PropTech
        • CRE Tech-Other Stories
      • Digital Impact
          • Workspace
          • Consumption
          • Hospitality
          • Smart Cities
          • Other Stories
        • Workspace
        • Consumption
        • Hospitality
        • Smart Cities
        • Other Stories
      • Market Pulse
          • Real Estate Tech - GPS
          • Commercial Real Estate - GPS
        • Real Estate Tech – GPS
        • Commercial Real Estate – GPS
      • Thrive Digital
          • Leadership
          • People
          • Voices
        • Leadership
        • People
        • Voices
      • Login | Sign up
        • Log in | Sign up
        • Newsletter – Sign up

      Tag: Wharton Business School

      Home > Wharton Business School
      Know About

      Propstack and Wharton Team-Up to Analyze the Indian Real Estate Market | PROPMODO

       

      0 1 min read

      Trending Topics

      • Latest
      • Popular
      • This week
      Latest
      Popular
      This week

      Technology transforming Real Estate

      About

      • About us
      • Cookie Policy
      • Legal notice
      • Privacy Policy
      • Terms of use

      Contact us

      • Contribution
      • Feedback
      WordPress Theme built by Shufflehound. © 2019 - 2021 beyond Commercial Real Estate
      • Login
      • Register

      Forgot Password

      Registration confirmation will be emailed to you.