Trending Technologies: The Roadmap To AI In Proptech

"PropTech AI won't be able to immediately fill the shoes of an estate agent." PropTech is hardly a new industry; estate agents and other businesses in the property industry have been digitally transforming for decades. Search portals, such as Rightmove in the UK, started amalgamating available properties and recommending homes over 18 years ago when Amazon was just expanding from being a book reseller to a full-blown reseller site for third-party consumer goods. In 2019, it's not surprising that some PropTech companies have already been touting claims of artificial intelligence (AI) and machine learning so sophisticated it can replace a real estate agent outright. This is stretching the truth. While many PropTech companies might possess highly sophisticated automation software with some AI elements, none so far have established meaningful AI that can replace the human component.