Artificial Intelligence, Real World Results

Editor's note: This feature originally appeared in the March issue of DS News, out now. There are countless ways artificial intelligence (AI) and machine learning (ML) have the potential to transform default servicing--but here are just a few. But how can you make these benefits a reality, and what should you be thinking about in order to maximize the value of AI and ML to your business? Find a technology partner who can help you to normalize the data (ensuring that the data is available in a consistent and standardized format) and to implement data models that can feed into the AI/ML tools. Advanced property servicing platforms are extending their Application Program Interface(API)/Integration capabilities to map out all the key data points across the life of the asset to create a property's digital twin.