Industry leaders in both real estate and PropTech view AI/Automation and Big Data as the two major gamechangers in the next three to five years, with more than 78% of industry leaders in real estate looking to adopt AI in the next few years, according to a new survey.
The survey, which was conducted by the UK PropTech Association (UKPA) and the British Property Federation (BPF) and supported by REdirect Consulting– a leading real estate property technology consultancy – follows the recent merger of the UKPA and BPF (BPF-UKPA) and highlights the views of industry leaders across the sector.
The survey respondents, comprising real estate professionals and industry leaders in PropTech, anticipate that cutting edge tools such as AI are expected to revolutionise how property is developed, managed, and experienced in the near future.