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How AI Is Really Going To Change Real Estate In 2020 And Beyond

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By 2030, AI is predicted to add $15 trillion to the global GDP thanks largely to solving data issues according to PwC. Lending money used to be a tricky business but time consumers and technology is changing. Banks and other industries are struggling to cope with the changing consumer demand, but a few are getting it right. AI's Projected Impact on Global GDP Real Estate is one industry that has a big AI opportunity due to its late mover position. The early pitfalls have been identified and now fast progress can be made with a sensible strategy.


Apple Quietly Released One of The Most Impressive AR Room-mapping Tools

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The Daily Roundup is our comprehensive coverage of the VR industry wrapped up into one daily email, delivered directly to your inbox. Apple has barely mentioned augmented or virtual reality in its big keynotes lately, however at WWDC 2022 earlier this month, the company quietly released probably one of the best 3D room-mapping tools for mobile AR yet. Called RoomPlan, the ARKit Swift API uses the camera and LiDAR scanner on recent iPhones and iPads to create a 3D floor plan of a room, including key characteristics such as dimensions and types of furniture. Apple says it's aiming to appeal to professionals like architecture and interior designers for conceptual exploration and planning, as well as developers of real estate, e-commerce, or hospitality apps; developers can integrate RoomPlan directly into their AR-capable apps. When it was released earlier this month, Jonathan Stephens, Chief Evangelist at spatial computing company EveryPoint, took RoomPlan for a test drive to see what it could do.


How Artificial Intelligence is Affecting First-Time Home Buyers

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Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results. This is as true in the real estate industry as any other – in a realm where buying and selling homes used to require lots of hard work, innovations like the internet, artificial intelligence, and mobile computing have made the process much less strenuous than it was in the past. One of the newest technological breakthroughs, both in the real estate sector and beyond, is the use of artificial intelligence. AI has absolutely revolutionized many processes associated with buying and selling homes, and as a result, first-time home buyers are reaping the benefits in a major way. Let's take a look at how AI potentially affects first-time home buyers for the better.


How AI And ML Are Changing The Real Estate Sector

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In addition, the real estate field, like many others, is transitioning to a "data-driven" world and developing artificial intelligence use cases. From consumer exchange of goods and services strategies to investing in large commercial projects, A.I. is making inroads into real estate. On the other hand, the real estate field is still in the early stages of implementing A.I. services in real estate will become more visible as technology advances. This article will look at the buzz around A.I. in the real estate industry. Artificial intelligence is a word that refers to a type of technology that can draw logical conclusions on its own.


Elon Musk, $500,000 says you're wrong about the future of A.I.

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The authors believe Musk is overstating what “artificial general intelligence” can do—and they’re calling him on it with a little wager.


AI for Handing Paper Mail Overload - Two Use-Cases

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This article was initially written as part of a PDF report sponsored by Iron Mountain and was written, edited, and published in alignment with our Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Emerj Media Services page. For better or worse, paper is often the lowest common denominator in capturing and storing this information in the enterprise. The inefficiencies of processing and distributing this mail to team members can challenge enterprise compliance, privacy, and information security requirements. COVID has strained enterprises further to drive towards digitization – but a vast array of important information is trapped on physical paper.


The use of Augmented Reality in Real Estate is no longer a gimmick

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Technology has completely infiltrated the built environment. Between IoT connectivity in buildings, indoor wayfinding and virtual tours, real estate is no longer the tech-averse industry it once was. In the context of digitization, there are new uses for Augmented Reality (AR). The technology has evolved from a marketing gimmick to a solid strategy for asset managers to improve their built environments. The premise of AR technology is the real-time integration of digital information to "augment" the user's physical experience.


The promise of AI in real estate: what's the verdict? - FinLedger

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Artificial Intelligence (AI) as an idea is more than 50 years old, though only in the last five years or so has AI come to dominate the world of business. Just as it is hard to overestimate the potential of AI to create change at massive scale, it is nearly impossible to exaggerate the degree to which talk of AI in both the news and in the marketing slicks created by PR agencies is hyperbolic and often disconnected from ground realities. Over the past several years, many companies have made claims about using AI to "disrupt" the space; I am myself affiliated with more than one such company. So what, indeed, is the verdict: Reality or rhetoric? I'll use my authorial perch to play both judge and jury here, but, spoiler alert, the jury is hopelessly hung.


Luxury apartment building designed for seniors to use AI to monitor their health

Daily Mail - Science & tech

A luxury apartment building in New York, designed for seniors, will make use of Artificial Intelligence to monitor the health and wellbeing of its residents. Known as the Bristal, staying at the assisted living facility is on York Avenue costs between $12,800 and $20,150 per month, with each of the 132 studio apartments equipped with a private bathroom, kitchenette and an optional AI assistant. 'Foresite' is a predictive health and fall management system, that triggers alerts and warnings for medical professional and facility staff, coming pre-installed in all rooms. It isn't turned on by default, but comes with an upcharge on top of the up to $20,000 monthly rent, allowing for it to be activated as needed when a residents needs change, according to The Bristal. 'The pandemic has shown seniors that if you are living alone you are going to be isolated,' Faraz Kayani from the Bristal told the New York Post, adding that the AI and wider facility helps them stay connected to the community.


Artificial Intelligence for Blockchains Market SWOT Analysis by Size, Status and Forecast to 2022-2028 - Blackswan Real Estate

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Latest survey on Artificial Intelligence for Blockchains Market is conducted to provide hidden gems performance analysis of Artificial Intelligence for Blockchains to better demonstrate competitive environment . The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2017 to 2022 and forecasted till 2027*, the outbreak of latest scenario in Artificial Intelligence for Blockchains market have made companies uncertain about their future outlook as the disturbance in value chain have made serious economic slump. If you are part of the Artificial Intelligence for Blockchains industry or intend to be, then study would provide you comprehensive outlook. It is vital to keep your market knowledge up to date analysed by major players and high growth emerging players.