Technology impacts most aspects of our lives today, and essentially every industry is trying to leverage technology in order to drive greater efficiencies, improve analytics and data accuracy, and streamline the business. Historically, the commercial real estate industry had a reputation for being outdated and even “stuck in the past”, but today, CRE professionals are increasingly aware of the positive impacts technology can impart. However, new technology often requires a fresh perspective and a willingness to overcome the status quo.
We searched the Internet for February’s top blogs and articles about CRE technology and then narrowed it down to our top 4. Read ahead to discover our top picks!
Written by Ryan Letseizer, Obie
Artificial intelligence (AI) is a newer technology being applied to various aspects commercial real estate (CRE). Cloud-based AI is giving CRE companies easier access to technology without having to overcome commonly-cited hurdles such as expense, expertise, and information. For example, with AI large quantities of information about a company’s real estate portfolio can be used to easily predict the future. In this article, artificial intelligence, its benefits, and its impact on the future of cloud-based technology is discussed. More specifically, the author proposes that AI benefits the CRE industry by making it easier to leverage technology for a wide variety of tasks, assisting in property searches, and analyzing property and investment performance.
Written by Amber Felton, RealPage IMS
In this article, RealPage AIM revisits its webinar with NREI and AvidXchange on The Challenges of Fintech and How Real Estate Companies Can Overcome Them. This recap provides an overview of the growth of fintech solutions in the market and discusses how firms can accurately identify which technology to implement and then successfully leverage to scale the business. The panel presentation also outlines steps to assess all-purpose versus purpose-built solutions and then select the right tech vendor with whom to partner.
Written by Les Shaver, GlobeSt.
This article discusses the direct correlation between energy efficiency and commercial real estate. Because commercial buildings operate as dynamic systems, implementing a whole-building approach can significantly reduce energy usage. As a result of the energy reductions, commercial properties can operate more efficiently. The article also emphasizes how data is taking the green building movement beyond mere utility benchmarking to whole-building data.
Written by Erika Morphy, GlobeSt.
Artificial Intelligence (AI) can deliver valuable pricing information that, until now, was only accessible by brokers. In this article, principal of HBS Resources Blaine Strickland’s theory, about what factors could disrupt the CRE brokerage model, including the demand for pricing transparency and the growing use of artificial intelligence. The example of Skyline AI helping an investor select an apartment building to buy based on data from review sites suggests a strong potential for AI being able to challenge CRE brokerages in the near future.
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