Artificial intelligence, or AI, has risen steadily in recent years and it looks like it’s here to stay. If you’re working in real estate in Australia, it’s time to start considering the implications for the property industry?

AI alone won’t be able to run an agency, but it does offer opportunities for real estate agents to improve their services and sell homes more efficiently.

What is artificial intelligence?

Artificial intelligence, as it exists today, is what is known as narrow AI. This means a computer can learn, or be taught, to do one type of thing, unlike the human brain which can learn to do a vast number of different tasks. Narrow AI is what makes things like Siri and self-driving cars work.

There’s already a multitude of applications for AI in real estate. At One Agency we’re all about using technologies to run a smarter and more cost-effective business, so today we discuss the current benefits of AI to our industry.