Chong Yu’s Post

📢 Thrilled to be featured in an engaging #Fortune article written by John Kell, where he kindly quoted me on a crucial topic! 🌐 In this era of AI, I firmly believe that the barrier to using AI will continue to diminish. As I shared in the article, "I believe in this era of AI, the barrier of using AI will continue to go lower. And then you ask yourself, 'If using AI is not a competitive advantage, then what is?' The answer is absolutely your data." This quote encapsulates a crucial insight into the power of AI and the significance of data in today's business landscape. With AI technology becoming more accessible, it's essential for professionals to recognize that leveraging data effectively is the key to staying competitive. Data holds immense value and is the true differentiator in the age of AI. By harnessing our data intelligently, we can make informed decisions, identify market trends, and gain a distinct advantage over our competitors. I encourage you to read John's article to gain deeper insights into the intersection of AI and commercial real estate. Let's continue to leverage our data and propel our industry forward! https://lnkd.in/gB295H5Z #AI #JLL #CommercialRealEstate #Data #Fortune

Major players in real estate are utilizing the power of AI and generative AI in the industry to provide more efficient services. This article acknowledges the challenges of adopting AI in the industry due to unorganized data, construction margins, the age gap of real estate agents, and physical restrictions. However, it emphasizes the value that AI has to offer in real estate, such as better predicting building-maintenance needs, research investment opportunities, and implementing sustainability initiatives. https://lnkd.in/eNvseUGD

AI is transforming the homebuilding process 🏡💻 from start to finish 🔄, optimizing efficiency and costs 🔧💲. The industry is evolving rapidly with the latest AI technology 🚀🔍. ㅤ Generative AI is unlocking new possibilities in real estate 🏢🔑, improving decision-making processes 📈💭 and predicting market trends 🤖📊. The future of home construction is brighter with AI innovations 💡🏗️. ㅤ This news was summarized and posted by an AI Assistant of HAL149 🤖💼. HAL149 provides custom-trained AI Assistants for social engagement and content generation 📲📝. Contact us for more information! 🌐📩 ㅤ #HAL149 #AIassistant #RealEstateTech #HomeConstruction #AIinnovations #SocialEngagement

Obligatory AI post because I'm cutting edge. Enjoy! Seriously tho, this is interesting to watch develop and consider implementing in my own company. "...to go from [a] sketch, to a list of parts, to construction, there is a long list of considerations before there’s an actionable plan to construct." ^^^I believe the pre-construction phase for builders will be dramatically shaped by AI in the next several years. I don't know exactly how or if this will lower building costs by much, but the speed of job-readiness will vastly accelerate! We live in interesting times. https://lnkd.in/gf-nrg9e

AI hasn’t made huge advancements in the real estate sector due to the astronomical amounts of unorganized data, the highly physical nature of the industry, and the immense training it entails. However, that’s not to say a bright future is ahead and there are already useful implementations. Multiple platforms currently exist aimed to assist with enhancing task completion efficiency, predicting building maintenance needs, and increasing available data accessibility. These opportunities may be in their infancy stages for residential use, but commercial utilization has made even further progress. #RealEstate #AI

🏡 How Realtors Can Use AI to Increase Sales 🤖 Artificial intelligence (AI) has become a game-changer across various industries, including real estate. From streamlining property search to enhancing customer service, AI offers numerous benefits for realtors in a competitive market. 🔗 Read more about how AI can revolutionize the real estate industry and help realtors increase sales: How Realtors Use AI to Increase Sales: https://lnkd.in/dbn-jM9E 📝 Author: Franklin Carroll, Kukun's VP of Modelling and Analytics Stay ahead of the competition, and deliver exceptional value to clients! 💼 #RealEstate #AIinRealtor #SalesStrategy #ArtificialIntelligence #DataDrivenDecisions

As artificial intelligence continues its relentless march across industries, one of the latest realms to feel its transformative touch is real estate. From streamlining agent workflows to revolutionizing client interactions, AI is poised to revolutionize the entire homebuilding process. In this article, delve into how Compass, the nation's largest brokerage, is leading the charge with over $1 billion invested in cutting-edge technology. From predictive analytics to AI-powered chatbots, discover how these innovations are reshaping the landscape of homebuying and selling. https://lnkd.in/g9cUbRSx

Fascinating reporting on AI's impact in construction by Fortune 🛠️🤖 In homebuilding, AI promises a revolution in efficiency and customization, streamlining processes from design to execution. Meanwhile, commercial real estate, especially in sectors like warehousing, stands to gain from enhanced operational insights and predictive analytics 🏗️📊. It's time we fully embraced and harnessed AI's potential to innovate and grow the construction landscape. https://lnkd.in/g2-HQ2TZ The future is now, and #BigRentz is excited to be at the forefront of this transformation. #ConstructionInnovation #AIFuture #BuildingTheFuture

I had the pleasure of talking to Fortune about AI in the homebuilding process. 🌟As we see AI tools proliferate this year in the industry, the key to getting value out of them lies in the people 😀 and processes ⚙. From training to redesigning how tasks get done, the value comes from the reinvention of the work - not the parachuting of new tools onto a process that stays the same. It is never just technology! 👷♀️🏗️📐Real Estate is complex industry with many stakeholders - agents and brokers, title and escrow, mortgage, local governments officials, architects and engineers, builders, and many more. The ecosystem needs to adopt tools in concert across stakeholders and be open to processes transforming 🐛➡🦋 . Value will require the reinvention of processes often viewed as "sacred" and untouchable. The industry has to be unafraid to question if an activity that has been done for 50 years really has to be done that way just because it looked like that historically; it has to ask ❓"why?"❓. 👨👨👧👧🏡 Most importantly, when it comes to homebuilding - or any area of real estate - you cannot build the process without the end user. Ultimately, the industry is about creating and matching people to places they can live some of the most meaningful moments of their lives. That can be stressful. That can be energizing and joyful. Designing AI and how it comes to life against the ups and downs of that user experience is essential. AI should serve to elevate the times where human touch matters and be conscious of the overall experience of the users at the center of the journey. https://lnkd.in/e_NUFhim

Could AI technology be the key to more personable real estate agents?" Get ready to rethink your perceptions of artificial intelligence as Ryan Serhant, star of the hit reality TV show "Owning Manhattan", suggests a game-changing approach. Higher efficiency, more profound human connections - too good to be true? Not anymore! According to Serhant, AI holds untapped potential in revolutionizing relationship dynamics between homebuyers, sellers and real estate agents. With its capacity for personalizing interactions based on data-backed insights, fading out the robotic indifference commonly associated with its name is possible. AI also innovates streamlined processes - optimizing task management while giving room for agents to focus on interactions that truly matter – cultivating strong relationships. Property hunting can be exhausting. Therein lies where empathetic understanding and proactivity from an AI-assisted agent could alleviate some of that stress- imagine a tailored property matchmaking experience! While skeptics may question replacing human touch with algorithms’ precision, consider this: what if we're looking at a synergetic adoption instead? Suppose machine learning can equip agents with accurate analytics fostering better decision-making skills while still retaining their inherent emotional intelligence? We all appreciate when someone takes time knowing what we like or need without lengthy explanations - comfortingly similar to dealing with our loved ones. Perhaps it’s time for us accept and anticipate this futuristic intimacy in professional transactions too? Let's delve deeper into this unexplored alliance between technology and personal touch – because at end of day isn’t successful real estate about matching hearts (needs) to homes? Check out the full article here: https://lnkd.in/dTnHy3ee #RyanSerhant #RealEstate #AIinRealEstate #PropertyHunting #BuyingHomes #SellingHomes #MachineLearningInRealEstate #OwningManhattan #ProactiveAgents #RevolutionizingRealEstate.