Commercial real estate has alot to gain from the rise I AI and machine learning tools. Theindustry handles an abundance of data—and at CRETech last week,tech experts called the “abundance of data” among the biggestchallenges for commercial real estate. On the AI and the ComingRevolution in Commercial Real Estate panel at the conference, thosesame experts talked about the benefits of AI and machine learningtechnology. The panel included Guy Zipori,co-founder and CEO at Skyline AI; AbhinavSomani, CEO at LEVERTON Corp.;L.D. Salmanson, CEO at Cherre;and Richard Sarkis, co-founder and CEO atReonomy.

Salmanson, who called data one of the challenges to theindustry, said AI and machine learning—which are used by all of thepanelists—will change the way the people use and analyze data. “Howdo we connect data together to make it meaningful,” he said. “Thebiggest challenge doing it manually. We are trying to do itprogrammatically. That is where we spend most of out time.”

AI is already solving those problems. LEVERTON Corp., forexample, is using AI technology to ease the contract exchange andtransparency. “What AI is solving is business acceleration andmaking things more efficient,” Somani said. “We are solving thetime people use putting data together, and then AI helps peoplemake sense of the data. We are using deep learning algorythms. Mostof this revolves around pattern recognition—replicate human brainfunctions and achieve same value.”