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Artificial intelligence in Real Estate

Artificial intelligence is creating the positive experience for the users. People depend on the middleman that is who called as intermediaries and his ability to sell to desperate customers now in this situation with the emerging artificial intelligence it is been avoided mostly. Now the artificial intelligence is highly reached at a post or at a peak of its development cycle and actual mainstream adoption seems inevitable. It is more established that in whether in science or business, machines will represent the greater collaboration with the humans and some of the early situations that have been seen across the sectors is almost complete disinter mediation but artificial intelligence will be cognitive to the customer needs are not is the main point.

The Indian eCommerce users were some of the naturally early adaptors for the artificial intelligence in India, with not only bots which are taking over from the humans but also building in an experience that the customer now expects and which increases customer satisfaction. Many retailer type businesses are using artificial intelligence to know their performance and the customer preferences to personalize their product promotions. Nowadays it does not have any restrictions to ecommerce, there are a lot of other sectors especially traditionally following sectors like real estates and even b2b firms are seeing the value of an online experience that counsels customers into making informed decisions, while still keeping it human. Now it clicks away from your decisions.

The IT industry has a massive jump in the house rental in the market in India which in turn has created a huge opportunity for start-ups. Indians collectively pay fifty thousand crores as an intermediary’s fee for finding a house for rent every year. This made growth in other sectors also like furniture, electronics and in many more sectors.

Depending upon the middleman in a traditional process and believing his ability to sell to desperate customers, a rental accommodation that does not really suit them, at a huge amount as a fee is being avoided now. Now the market is ready for artificial intelligence and machine learning to enable this intermediation and organisation of a marketplace creating developed customer to customer model that is driven by the technology and with a great experience, artificial intelligence has enabled the transition of a sector as huge as real estate on the back of algorithms that restrict brokers from changing the communication.

Online real estate companies are also able to use this data to figure out the freshness of a property, which is to say how many times it has been viewed and selected etc., lastly helping them the list the ones that are not available anymore. Artificial intelligence also picks the best place for the customer to stay according to their necessity like office location and distance from your kid’s school. It helps to measure in time instead of miles. It can help you to find the suitable locations, and also suggests the rent that you need to pay to the owner for the given property

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