The technologies have been emerging day on day basis and, with every growing day they are becoming stronger. Be it a small or a medium enterprise or a big established brand or for that matter a start-up as well, AI has been reaching new heights of success, already.

Whether its retail, aviation, pharma & healthcare, hospitality etc – AI is for all and vice versa. But the most important thing here is delivering a good customer experience, as we all know customer has always been the king and, hence offering a service is important to ensure that one’s customers get the best experience.

With mostly all the sectors welcoming the technology and, paving new ways to digital transformation, this sector too has started adopting the changes as much as possible. Be it the property buyers, stake holders, owners, dealers / brokers, realtors from upcoming ones to reputed ones, al are looking forward for integrating AI into their existing infrastructure.

Commercial, as well as residential buildings, are becoming smarter with each passing day. To be precise, the real estate sector is transforming and taking giant strides towards development.

Let’s look quickly as to what AI can do

With the use of AI, one can completely get a digital transformation done. AI will help one leverage, by collecting info and turn them into rich real time info / data. Looking at what AI can actually be a boon in the real estate sector as following:

AI powered tools have the power to identify the external characteristics of a building. One can actually use AI to its fullest by getting real time stats of electricity consumption and, also identify temperature levels and energy consumption amounts, thus optimizing smart energy utilization to fullest.

Timely detection leads to effective and preventive disaster management in case of any faulty systems being operational or raw materials being used.

With the help of data analysis, interactive chat bots, and machine learning, property builders, developers, and buyers have loads of surprises in store.

1. Interactive bots

Bots when used for real estate sector can help in achieving a holistic 360* view of the entire architecture. Some of the leading real-estate companies have interactive and communicational bots who can help give a 360-degree view of a particular property. Potential clients can have human interaction with these bots, ask questions, and streamline their search according to the suggestions.

2. Effective data analysis

With Ai enabled bots on the go, the company will record the right amount of information about a building along with the scope for improvement. This in turn shall prove to be an excellent move in reducing tenant costs and ensuring optimal comfort for them.

3. Optimum security

Proper secured living is the key to a happy life. Every individual wants to stay secured & protected in their home and the security aspect of a building often proves to be a parameter for its sale-ability. With AI-enabled security systems, automated voice and facial recognition become quite easier.

4. Making recommendations

Whenever a new property buyer or a visitor would visit your site, you will have to provide the right information or suggestions that are useful to him. With AI-powered site management systems, you can identify the information that is useful to them and make valuable recommendations.

AI can influence purchase decisions and help a real estate establishment earn huge ROIs.