Posts

, ,

Episode 6: Jennifer Conway on AI & How it Affects Real Estate

In this episode, Jennifer Conway of the MIT Investment Management Company helps the Real Estate Tech Guys get a handle on how artificial intelligence (AI) and machine learning are impacting commercial real estate.

What does AI mean to a corporate real estate executive and what are some of the big lessons Jennifer has learned in working with the MIT portfolio? AI and machine learning are two different things. AI can be defined as anything that requires human intelligence to do. Machine learning just does not happen without a lot of good, clean, structured data.

Still, even with the data, there is a lack of acceptance of new technologies since real estate owners still struggle with being able to trust computers with no human verification behind the data. Companies like CrowdComfort bring in a human element and helps set a clear picture of demand.

Jennifer sees the potential for a huge explosion with AI & Machine Learning, but there are a few things she sees that may be obstacles to this advancement. Watch the video for more insight from real estate tech guru Jennifer Conway.

 

Check out our videos at:

http://crowdcomfort.com/real-estate-tech-guys/

, ,

Episode 3: Michael Beckerman on Self-Driving Cars and Other CRE Hot Buttons

In this episode, the Real Estate Tech Guys talk to Michael Beckerman, the CEO of CRETech, about AI and commercial real estate technology. First, we look at WeWork and how they have driven co-working innovation. We also chat about whether or not this will continue to expand, particularly because of all of the technology these co-working spaces offer to different types of companies and tenants.

Another big, game changing technology is self-driving cars, the “meteor that the commercial real estate doesn’t see coming.” This will impact the way buildings are built and will impact the way we experience real estate —with changing how we go to work and more. We’ll dive into these concepts in more depth with Michael.

The amount of growth that is happening in CRE tech is nothing short of incredible. There is extraordinary momentum even though CRE is typically the last industry to adopt technology. But this slow timeframe of adoption of technology is not because the commercial real estate industry is behind the times, but because it is difficult to determine which technologies are worth the time money.

The CRE business is highly successful and there hasn’t been a mandate needed for this new tech until now because landlords and brokers are looking for technology that attract tenants, retain tenants and keep them satisfied. The tenants are primarily looking for these technology solutions which is why there is a new need for this technology. The ecosystem is manifesting from both landlords seeking more efficient buildings and tenants looking for this high-end technology to make their business run more smoothly.

Check out our videos at:
http://crowdcomfort.com/real-estate-tech-guys/