Navigating AI Integration in Real Estate - Insights from Andrew, Global AI, Data, and Tech Lead

In a change to the usual format, Andrew Knight , Global AI, Data, and Tech Lead, is interviewed by Alessio Scannicchio from ScanSan. Usually the one conducting interviews, this time Andrew finds himself in the hot seat. Throughout the dialogue, Andrew delves into the evolving landscape of automated valuation processes (AVMs) within valuation frameworks, emphasising the necessity of human oversight alongside AI-driven solutions. He stresses the importance of transparency and explainability in AI models, particularly within real estate valuation contexts. Alessio and Andrew highlight the critical role of human expertise in complementing AI technologies, ensuring a holistic understanding of property valuation factors beyond AI capabilities. Additionally, they touch upon the guidance provided by professional bodies like RICS in navigating the integration of AI into traditional valuation practices. The conversation concludes with Andrew encouraging the professional to maintain their curiosity about AI and actively seek resources to understand its potential and limitations. They express mutual interest in further collaboration and knowledge exchange within the tech community, highlighting the value of collective learning and support. In this video, the following topics are covered:

• Automated valuation processes (AVMs) within valuation frameworks
• The need for human oversight alongside AI-driven solutions
• Transparency and explainability in AI models
• The role of human expertise in complementing AI technologies
• Guidance provided by professional bodies like RICS in integrating AI into traditional practices
• Encouraging professionals to remain curious about AI and actively seek out resources for understanding its potential and limitations
• Mutual interest in collaboration and knowledge exchange within the tech community

More information regarding the Tech Partner Programme and our partner ScanSan can be found here.