Artificial Intelligence: Real Estate Revolution or Evolution?

Artificial Intelligence (AI) is increasingly becoming the most important topic of the year. From data centers to financial services to technology, every real estate sector is involved in AI in one way or another, as it can help improve real estate outcomes for both investors and tenants. Commercial real estate leader JLL’s recently published whitepaper “Artificial Intelligence: Real Estate Revolution or Evolution?” discusses the role that the CRE industry will play in AI – and how AI can potentially reshape the industry.

From Oil to Asset: The CDO’s Role in Refining Real Estate Data 

Data is the new oil. As the world adapts to the new normal, data has become a real estate firm’s most valuable asset. Data can be viewed as a rich resource like oil, but it requires a CDO to refine it and produce assets. CDOs are tasked with leading efforts to monetize this data, and in real estate, data is the backbone of advanced technologies such as AI and machine learning. Yao Morin, Chief Data Officer of JLL Technologies, will delve into key points on unlocking the power of data.

The $500mm+ Debacle at Zillow Offers – What Went Wrong with the AI Models?

In this contributed article, Anupam Datta, Co-Founder, President, and Chief Scientist of TruEra, discusses Zillow and what went wrong with the AI models. For AI and ML models to perform for profitable outcomes, especially for high stakes models like Zillow’s, it is crucial to have serious AI governance supported by tools for monitoring and debugging, which includes having qualified humans-in-the-loop to adjust to major market shifts that can arise during unexpected events.

The Quest for Objective Truth: Evolving from Opinions to Facts Using Machine Learning in Real Estate

In this contributed article, Anand Singh, a Senior Leader of Big Data Platform & Solutions at CoreLogic®, discusses how successfully drawing relevant conclusions from data requires human opinions and judgments to be accounted for and then suppressed through ML. Even as AI advances to recognize human emotions, this is one area where innovation may fare better without them.

Proptech and the Rising Tide of Technology in the Real Estate Industry

In this contributed article, freelance human Avery Phillips discusses how the real estate industry has begun reaping the rewards that big data and data-driven technologies can provide. The huge amounts of data generated by the real estate industry can be leveraged to its advantage even further going forward as new technology and ideas are pushing the envelope for the real estate industry at both the macro and micro scale.

Diveplane Introduces ALLUVION™ to Help Commercial Real Estate Investors Overcome Forecasting Challenges

Diveplane , the company keeping the humanity in artificial intelligence (AI), introduces ALLUVION ™ , its newest AI tool created specifically for the commercial real estate industry.

Pacific Data Science Launches “The Brain” – Automating Back-Office Workflows for Real Estate and Investment Management Companies

Pacific Data Science has launched its newest intelligent solution for commercial real estate and investment companies, The Brain. The Brain was originally developed in collaboration with Paladin Realty Partners, a leading private equity fund manager focused on institutional-quality real estate investments in Latin America. Built with the same reliability and security that Pacific Data Science is known for, The Brain was designed to manage the nuanced lifecycle and automate the complex reporting workflows around real estate investment and development projects.