Tech Partner Programme

Leveraging AI and Digital Twins in Real Estate

02 October 2024

In this video discussion, Andrew Knight interviews Stewart Bailey from Virtual Viewing. Stewart shares insights into his journey from musician to entrepreneur, highlighting the development of Virtual Viewing and its platform MiHub, which aims to integrate data across the real estate sector. They discuss the importance of creating digital twins for predictive analysis, the transformative potential of AI in enhancing operational efficiency, and the need for the industry to strategically embrace technology while managing data responsibly. In this video, the following topics are covered:

The evolution of 3D visualization and BIM in real estate.
Introduction of MiHub for integrating data and breaking down silos.
Importance of digital twins for predictive analysis and maintenance.
Applications of AI in real estate, including coding reviews and CGI.
Potential job displacement due to AI advancements.
Strategic embrace of AI to enhance relationships with buildings and residents.
Discussion on responsible data management, privacy, and security.
Future possibilities in the built environment, such as reconfigurable living spaces.

More information regarding the Tech Partner Programme and our partner Virtual Viewing can be found at www.rics.org/techpartner.

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