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Real Estate & Construction News Round-Up (01/25/23) – Artificial Intelligence, Proptech Innovation, and Drone Adoption | Chicago Popular

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This week’s roundup explores new AI tools and their predicted impact on real estate agents, key trends driving proptech innovation, barriers to drone adoption in the construction industry, and more.

  • Artificial intelligence (AI) has the potential to become a valuable tool to simplify the process of selling a property, enable buyers to make informed decisions and improve the work of real estate agents. (Alexander Cain, The urban developer)
  • Miami real estate agents to experiment with the new artificial intelligence tool, Chat GPT, which can generate text based on simple suggestions, for writing real estate ads, communicating with developers, and producing content. (Martino Vassolo, Axios)
  • Asset owners in Asia and Europe are turning to AI for collect ESG information in public and private markets, including residential buildings in Japan. (Hugo Cox, Asian investor)
  • 3 key trends lead proptech innovation as it continues to impact how commercial property owners navigate an industry that is becoming increasingly technology-dependent. (Will Moxley, Forbes)
  • The use of drones in the construction sector has increased by more 200% annually in recent years, but 6 key barriers slow down its adoption rates. (Scott Howe, Commercial UAV news)
  • The construction sector faces a growing problem of slow collection of payments due to lack of digital processes, which has a negative impact on cash flow stability and business growth. (PYMNTS extension)

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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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