Artificial Intelligence (AI) in real estate industry - ELE Times

The ongoing adoption of AI and automation technologies will transform the way people work and cause a disruption, particularly in industries like real estate, finance and banking. Since the start of the industrial revolution, the world has seen skills shift in a way that has resulted in ever-changing jobs and newer skills required to keep pace with emerging technologies. According to McKinsey, these technologies "will bring numerous benefits in the form of higher productivity, GDP growth, improved corporate performance, and new prosperity, but they will also change the skills required of human workers." The real estate sector is in a great position to leverage AI and automation technologies to increase productivity, reduce costs and minimize errors. The number of workers who are engaged in manual tasks that only require basic cognitive skills will likely decline.