CRE pros can drop the tape measures as computer vision and analytics technology are ready to take over—at a price and with some limitations, of course.
Engineers and scientists have for years been working on how computers can directly see with cameras. There's been growing use in commercial real estate. For example, using combinations of satellite and manned aircraft imagery, it's possible to see whether a roof is damaged, worn, or potentially at some other risk like an overhanging tree.
But images and video can do much more when introduced, with the right software, into the interior of spaces. Through complex mathematical algorithms and the ready availability of computing power, it's possible to process video and still images into calculable data that can provide information, from floor plans to estimates of materials needed to duplicate damaged interiors.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
