2019 has been billed as the year of innovations and a year of tech disruption in different industries. Not all industries have been adaptive to these changes, however. According to Commercial Observer, the real estate industry, for instance, has been content on going along its merry path. It has remained strictly traditional with all of its processes.
Compared to other investment 'markets' and assets, the real estate market has been lagging behind in terms of technology and innovation. The stock market and the bond market--two relatively traditional investment markets--have embraced innovations to the way of doing things. The real estate market, however, appears to be coming to life at exactly the right time.
It is the right time for investors, too, who are looking to join a market that's poised to go up. With the tech disruption that's happening, only a handful--or even less--companies are prepared. This will benefit investors who know that now is the right time to search for options to enter these companies through stocks and different portfolios.
Google has been one of those companies who've been successful in the use of artificial intelligence to propagate an industrial revolution. Health is their latest project in the works, and Google's sister companies (such as others and Alphabet) are looking at improving the sector through investments. According to NPR, AI and health are long overdue for a collaboration.
Skyline, an AI pioneer, is emerging as one of the drivers of innovation for real estate. It collects data to help investors make educated guesses into investments, create comparisons of data and other factors, and assess overall values. It's a great tool, since today, data is readily accessible and easily collected than it was in the part. The danger of making mistakes has been greatly reduced.
In the case of Google and Alphabet, the push to explore AI in the development of algorithms for healthcare is only natural. Google has always been pushing for the inclusion of web in a whole lot of industries--an 'Internet of Things' in most processes, for example--and this was only the beginning for the company.
Whatever their purpose or wherever they're going, real estate looks like they're on a collision course with AI sooner or later. Skyline is only the first of many that are to come. Google will most certainly look into it soon as well; after all, the company has pushed out a lot of innovations and algorithms. It's only a matter of time before they do this as well.
