Property Week launches new AI Insight campaign

On an individual level, the implications for future skills and employment seem daunting as we imagine a workplace where some of our colleagues may not be real people. Misgivings are amplified when we don’t yet fully understand or trust the technology.

The flip side is jobs where the boring bits get done more quickly and efficiently, leaving human brains to focus on the interesting aspects that require skills, experience and most importantly – especially in property – relationships.

As RICS chief executive Justin Young said when he introduced the institution’s recent AI in property event held in conjunction with Property Week: “Yes, machines may process things at scale and at speed, but it’s the humans who walk the sites, it’s the humans who negotiate and it’s the humans who earn that trust.”

The property universe is also particularly data rich. And it is rapidly recognising the opportunity to turn its deep mine of stats – on everything from transaction history to energy usage and asset management – into useful information that can lead to better decision-making and therefore better outcomes relating to the development and use of real estate.

Property Week’s AI Insight campaign, in partnership with Deepki and Nimbus, aims to support the industry in navigating this brave new world by analysing the issues that can help or hinder progress, interviewing sector pioneers and showcasing AI-enabled solutions.

We hope you will join us on the journey. After all, those who embrace change and rise to the challenges AI presents stand to be the winners.