How Visual AI Will Empower Real Estate Industry

Entrepreneur | March 12, 2020

The emergence of Artificial Intelligence (AI) and Machine Learning (ML) has transformed the role of digital technology in business operations. These cognitive technologies have boosted the value addition of computing and digital processing power, from pre-programmed process automation to turning data into actionable insights. AI is allowing businesses to be ultra-responsive in real-time, achieve system transparency and gain valuable insights into customers, markets and processes. The applications of AI are not only vast in themselves, but the technology can also be integrated with machines and human users through multiple interfaces. For instance, Audio AI allows humans to interact with machines using natural language processing algorithms. Communication between machines and humans using speech creates the opportunity to develop truly intuitive and accessible interfaces.

Spotlight

As occupiers continue to navigate the return to office and plan for the future, many are leveraging real-time data to facilitate decision-making.

Watch the video below to learn how Knight Frank Cresa can help you develop a resilient real estate strategy.

Spotlight

As occupiers continue to navigate the return to office and plan for the future, many are leveraging real-time data to facilitate decision-making.

Watch the video below to learn how Knight Frank Cresa can help you develop a resilient real estate strategy.

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MARKET OUTLOOK,REAL ESTATE TECHNOLOGY

ZestyAI Enters into a Significant Agreement with Black Knight

ZestyAI | January 13, 2023

ZestyAI, a pioneer in AI-powered solutions for climate and property risk assessments, announced a partnership on January 12, 2023, with a renowned software, data, and analytics company Black Knight, Inc. The market leader will offer its mortgage, real estate, and capital markets clients access to ZestyAI's property risk analytics platform, Z-PROPERTYTM, in order to deliver fast property-condition reports and risk insights. ZestyAI's Z-PROPERTY technology extracts insights from aerial and satellite photos for over 150 million residential and commercial properties using computer vision and machine learning. ZestyAI maintains a digital twin of every property in North America that is continuously updated as changes in property condition, upkeep, and renovations affect each property's fluctuating worth and risk. Black Knight clients benefit significantly from Z-PROPERTY data when assessing property conditions. ZestyAI's technology examines features from each particular property, such as roof condition, to provide property-specific insights that will provide Black Knight's clients with an easy and cost-effective solution to improve their evaluation of property worth and risk throughout the mortgage life cycle. Julian Grey, Executive Vice President, Mortgage & Capital Markets Product Management at Black Knight Data & Analytics, said, "We're always looking to deliver even more powerful data and insights for our customers, and ZestyAI's property analytics platform immediately stood out." She added, "Investors and creditors will now have instant access to detailed property condition data much earlier in the origination cycle. Offering ZestyAI's roof condition assessment and other insights is a huge win for our customers." (Source - PR Newswire) In line with this, Attila Toth, Founder and CEO of ZestyAI, said, "Black Knight is the leading provider of rich data and analytics for the mortgage and real estate industries where real-time data and decisions are the new normal." "We're proud to provide Black Knight's clients with our unique property insights to further improve speed and accuracy during every step of the home acquisition and financing process," he concluded. (Source - PR Newswire) About ZestyAI ZestyAI provides insurers and real estate firms with comprehensive intelligence on every property in North America. The company employs artificial intelligence, including computer vision, to deliver a continually updated database of 200 billion property insights, which account for every aspect that can affect a property's value and associated hazards, including the possible impact of natural disasters.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Qualia Launches Atlas, the Ultimate Enterprise Solution for Connected Real Estate Transactions

PRweb | March 21, 2023

Qualia, the leading digital real estate closing platform, today announced the launch of Qualia Atlas, a revolutionary new addition to their cloud-based title, escrow, and closing solutions. Atlas, which combines title and escrow production and vendor management along with client and homebuyer connectivity, is built with newly developed advanced configurability and automations to manage the unique complexity of national enterprise operations. “We originally launched Qualia almost 10 years ago with the belief that a modern technology infrastructure could fundamentally transform homebuying into a simple, secure, and enjoyable experience for everyone involved,” said Nate Baker, Qualia’s Co-founder and CEO. “Atlas is the culmination of several years of development to provide a unified closing platform for enterprise title companies.” Atlas includes a suite of newly released enterprise-critical functionality and services: Data access via an enhanced API for integration with internal systems such as CRM, analytics, and accounting tools Order opening automations to assist teams with high transaction volumes Privacy and permissioning controls for multi-branch or agency operations Sophisticated tasking capabilities to support centralized operations functions A suite of anti fraud tools In addition, Atlas provides companies with a standardized integration layer that is easy to manage across all transaction parties, eliminating the need for rigid custom-built integrations. This integration layer enables title companies to efficiently partner with their lenders, real estate agents, vendors, consumers, and underwriters. These integrations automate title & escrow companies’ workflows and the dependent workflows for their transaction partners. By providing enterprise-critical functionality and a standardized integration layer, Atlas enables the "connected transaction." This groundbreaking technology streamlines real estate closings from end-to-end for all parties involved in the transaction. About Qualia Qualia is the leading comprehensive digital closing platform used by title, escrow, real estate and mortgage lending professionals to transform home buying and selling into simple, secure, enjoyable experiences for millions of homeowners each year. The Qualia platform provides a secure system of record for the real estate settlement ecosystem through a suite of workflow, accounting, reporting, and collaboration products as well as its expansive product and service integrations. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX, and Superior, CO. For more information on Qualia, visit http://www.qualia.com. Contact: Matt Kaufman, press@qualia.com

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

ICSC Participates in The Commercial Real Estate Diverse Supplier Consortium

ICSC | February 15, 2023

On February 14, 2023, ICSC, the member organization for industry advancement, announced its participation in an industry-wide alliance, The Commercial Real Estate Diverse Supplier (CREDS) Consortium, to foster supplier diversity in the real estate industry. CREDS, comprised of seven real estate trade associations, aims to accommodate the rising demand from real estate firms for increased supply chain diversity and promotes the use of services provided by Minority and Women-owned Business Enterprises (MWBEs). ICSC works with CREW Network, NAIOP, Nareit, the National Multifamily Housing Council, Mortgage Bankers Association, and the Real Estate Roundtable as a founding member of CREDS Consortium. In addition, the alliance has launched a pilot program of two years with the leading supplier management software platform SupplierGATEWAY to help their members with tracking, identifying, reporting, and engaging with MWBEs. Members of ICSC can sign up for SupplierGATEWAY's software platform at a discounted price to search for, connect with, and even hire MWBE suppliers. Through the CREDS portal, they will also be able to post their purchase orders and have other opportunities to do business. During the pilot program, the Consortium wishes to learn more about trends in supplier diversity in the real estate industry. Tom McGee, ICSC President & CEO, said, "ICSC is committed to advancing diversity, equity and inclusion in the Marketplaces Industry and giving our members ways to identify and source MWBEs is one way we can do this." He also said, "The CREDS Consortium helps meet the growing demand for diversity in service providers and offers our members direct access to the tools and resources they need to support their own DEI goals. We are proud to be a founding member of the Consortium and look forward to working closely with the partner organizations to further this important initiative." (Source: Business Wire) About ICSC Founded in 1957, ICSC is a member organization that works to improve the industry. It promotes and raises the status of the places where people shop, eat, work, play, and gather as important parts of communities and economies. It creates experiences that bring people together and make deals happen. It also fights hard to change public policy, creates high-impact marketing and public relations that change people's minds, gives professionals a solid foundation for success, and makes forward-thinking content with actionable insights that further drive growth in the industry.

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