Embracing AI: A Paradigm Shift for Commercial Real Estate
Includes a Live Web Event on 11/13/2024 at 1:00 PM (EST)
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- Member - $69
- Non-member - $99
In this presentation, we explore how Artificial Intelligence (AI) is reshaping the commercial real estate landscape. From property valuation and management to investment strategies and customer experiences, AI is revolutionizing key aspects of the industry. Our discussion will cover the following topics:
1. AI-Driven Analytics for Market Insights:
- Leveraging data analytics, AI provides valuable insights into market trends, demand patterns, and investment opportunities.
- Real estate professionals can make informed decisions based on predictive models and historical data.
2. Smart Building Management:
- AI-powered systems optimize building operations, enhance energy efficiency, and improve tenant satisfaction.
- From climate control to security monitoring, smart buildings leverage AI for seamless management.
3. Automated Leasing Processes:
- AI streamlines leasing workflows by automating tenant screening, lease negotiations, and paperwork.
- Chatbots and virtual assistants enhance customer interactions, ensuring a smoother leasing experience.
4. AI in Investment Decision-Making:
- Investors benefit from AI algorithms that assess risk, evaluate property performance, and recommend investment strategies.
- Predictive analytics guide portfolio diversification and asset allocation.
5. Predictive Maintenance:
- AI monitors building systems, predicting maintenance needs and preventing costly breakdowns.
- Proactive maintenance schedules optimize operational efficiency.
6. Emerging AI-Powered Business Models:
- New revenue streams emerge through AI-driven services, such as personalized property recommendations and innovative investment platforms.
While discussing these six components, we will delve into:
- Current Applications: Real-world examples of successful AI implementation.
- Near-Term Developments: Anticipated advancements within the next two years.
- Long-Term Implications: How AI will shape the industry's future.
We'll also address challenges, including data privacy, ethical AI use, and the evolving role of human expertise. Join us to gain valuable insights into how AI sets new standards in efficiency, accuracy, and innovation within commercial real estate. Discover how industry professionals can harness these technologies to stay competitive in a rapidly evolving market.
Learning Objectives—At the end of this webinar, participants will be able to:
1. Understand the impact of AI revolution on the commercial real estate market.
2. Define key areas where you can leverage AI in your daily work.
3. Review and analyze use cases where you can expect tremendous gains by using AI.
4. Create steps on how to prepare yourself and your organization for this revolution.
Groups of 2-10, take advantage of the Group Registration Discount by using the form below.
Vidhya Balakrishnan
Head of Engineering
JLL
Vidhya Balakrishnan is the Head of Engineering for Property and Asset Management technologies at JLLT. She is a seasoned Product and Technology leader with 20+ years of experience in leading global Engineering, Data & AI teams across commercial real estate, travel & other industries. Vidhya joined JLL about 3 years back and has led multiple teams building Occupier and Property Management solutions giving her the breadth of commercial real estate industry knowledge.
Prior to JLL, she spent 12+ years in the Hospitality and Travel industry where she led multiple technology initiatives including their retailing and customer experience solutions, cloud architecture and AI initiatives. What she loves most about her job is the opportunity to Lead global high performing engineering teams while being at the forefront of innovation developing cool solutions to solve some of the most complex CRE business challenges.
From a personal standpoint, Vidhya loves to travel, hike and read. She lives in Dallas, TX with her family.
Brynn Hogan
Product Manager
JLL
Brynn Hogan is a seasoned Product Management professional with over a decade of experience in the commercial real estate (CRE) operations sector. She specializes in leveraging technology to address complex challenges facing property teams. Throughout her career, Brynn has demonstrated expertise in selecting and implementing cutting-edge technological solutions, while simultaneously developing innovative products to enhance property efficiency. Her approach combines strategic problem-solving with a commitment to grace and integrity, making her a respected leader in the field of CRE technology.
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