Artificial Intelligence and Property – Part 1
Artificial Intelligence (AI) is growing at an exponential rate. In 5 years let alone 10 years our world will look very different. But what has that got to do with the property industry?
A lot…so ignore it at your peril
Property Development is a slow moving beast. Unlike trading in shares which happens every minute of the day, property takes time to transact, and if you’re talking about property development then it can take years. In an industry that is used to that slow pace, apathy can easily build up and we ignore the forthcoming changes…of course until it’s too late and some young upstart has snuck in under our guard and changed the way things are done.
AI will have an enormous impact on every part of our lives and the Property Industry is no exception. I like to look at this as an incredible opportunity that if understood and managed well, could be a major boost for the industry.
Over the next few weeks I am going to look at various different elements of the property industry that will be impacted by AI and how we can all look to take advantage of these changes.
