Real Estate Expert Urges Immediate AI Adoption for Profit
Translated & summarized from Globes by baba
Real estate expert Rotem Zilber urged immediate adoption of AI in the real estate sector, comparing its potential to urban renewal and highlighting its ability to streamline operations and analyze data for profit. He stressed that waiting will result in missed opportunities in the early AI era.
The story in 5 lines · by baba
- Real estate expert urges immediate AI adoption for profit.
- AI can streamline operations and analyze data for opportunities.
- Waiting to adopt AI will lead to missed opportunities.
- AI's potential is compared to the urban renewal boom.
- Developing AI tools is crucial for future careers.
Real estate appraiser and founder of BYNDbiz, Rotem Zilber, emphasized the critical need for immediate integration of Artificial Intelligence (AI) into the real estate sector to capitalize on emerging opportunities. Speaking at the Globes and Bank Leumi Israel Real Estate Conference, Zilber stated that waiting to adopt AI will lead to missed chances during the nascent stages of the AI era.
Zilber drew a parallel between the current AI revolution and the urban renewal boom in real estate, where individuals became developers by leveraging land rights. He explained that AI offers similar potential for innovation and profit. While many currently interact with AI through basic queries, Zilber stressed the importance of developing AI tools to advance personal and business objectives.
He outlined two practical levels at which AI can assist: first, in streamlining routine operations such as billing, email responses, invoicing, cash flow management, and anomaly alerts. Second, AI excels at data analysis, enabling the identification of profitable opportunities, like cross-referencing areas designated for urban renewal with price changes before they occur. Analyzing local planning committee protocols for approved projects can also provide developers with a significant advantage in negotiations.
Zilber concluded by describing the present as the "good old days" of the early AI era, urging everyone to proactively explore how AI can benefit their businesses and careers. He predicted that individuals who embrace and advance with AI will ultimately profit, positioning themselves as leaders in this new technological age.