At the forefront of technological innovation in real estate, Engineer Rizwan Ali, from Bahria University recently shared his valuable insights at the Proptech & Smartech Convention ’23. With a specialized focus on building energy simulations in the UK, Eng. Ali delves into the transformative role of AI and machine learning in the real estate sector.
Engineer Ali’s presentation highlighted the extensive applications of AI and machine learning in real estate, ranging from predictive analysis and automated property valuations to proactive property maintenance and energy management. He emphasized the importance of these technologies in addressing the unique challenges of the Pakistani market, such as technical infrastructure changes, digital literacy gaps, and the prevalence of unregulated brokers. By leveraging AI, these challenges can be transformed into opportunities for growth, expansion, and more ethical practices.
Furthermore, Eng. Ali stressed the significance of considering legalities when implementing such technologies. He introduced various AI and machine learning software applications, which are revolutionizing the industry globally. These include tools for efficient energy management in building designs, blockchain for smart contract facilitation, and AI-powered customer services, which are critical for the dynamic and expanding real estate market in Pakistan.
Engineer Rizwan Ali’s insights at the Proptech & Smartech Convention ’23 are a testament to the transformative power of technology in real estate. His presentation not only offered a deep dive into the current and potential applications of AI and machine learning in the industry but also addressed the challenges and opportunities specific to the Pakistani market. As the real estate sector continues to evolve, embracing these technologies is not just beneficial but essential for sustainable growth and innovation.
Dive into the details of how AI and machine learning are shaping the future of real estate. Watch His full speech here