#22 AI: The opportunities, the dangers and the need for real estate to harness its potential

Artificial intelligence (AI) is changing the way businesses operate. From automating routine tasks and processes to increased productivity, AI can free human workers to focus on creativity and problem-solving.Research by Amazon Web Services suggests more than one in three European firms adopted AI in 2023 - bringing the continent closer to the 2030 Digital Decade vision presented by the European Commission in 2021. But where does the real estate industry sit in this landscape? And how can businesses within real estate ensure that they don’t fall behind competitors in the sector?In this episode, we explore how AI could help boost the real estate industry and why companies need to seriously consider adopting AI into their workforce sooner rather than later. We also hear how the Data Intelligence team at PATRIZIA has been using AI to support the company, as well as some of the challenges that come with these new technologies, and learn more about a genAI company supporting real estate firms.Your host is Andrew Belt and on the panel we have:Dr Marcelo Cajias, PATRIZIA Head of Data IntelligenceDr Nino Paulus, CPO & Founder, AlphaPrompt Find out more at https://www.patrizia.ag/en/