At last week’s World Artificial Intelligence Conference in Shanghai, executives from Beijing-based property platform Beike explained the potential for artificial intelligence to impact the real estate industry.
While AI has endowed more residences with smart home features like voice assistants or intelligent appliances , processes for buying and renting property can also benefit from advances in big data analytics and machine learning. By building standardized databases, real estate providers can use virtual reality and augmented reality to let prospective customers conveniently scout locations in the comfort of their own homes, Beiki’s chief scientist Ye Jieping said.
An important component of the real estate industry is space, and AI can empower spatial analysis software to construct digital environments that are accurately scaled with proper dimensions, said Hui Xinchen, vice president at Beike.
Beike is bullish on the Chinese real estate…