What to expect of AI from Healthy Workers

The impact of AI is enormous, so it's our duty to guide you through all developments. In the coming period, we will provide you with a unique glimpse into the Healthy Workers way of working. To begin with, let's discuss the broader impact of AI on the real estate sector. Which aspects are affected, and what are some significant examples?

The impact of AI in real estate

Artificial intelligence has played an extraordinary role in the construction industry from the design phase onwards. For example, in a BIM (Building Information Modeling) model, AI makes tens of thousands of small and large adjustments even before the building exists. This ensures that you are building the best possible design as a contractor.

But AI is also used to your advantage during construction. The work is physically demanding and not without risks. That's why companies like Built Robotics provide fully automated bulldozers and excavators, proving that their RPD 35 works five times faster than a traditional pile driver.

This is just a small sample of AI's countless possibilities, and its potential continues to grow. AI handles your work, from project management to quality control and material management. And thanks to improving technology and more comprehensive information, algorithms are becoming increasingly accurate.

3 major benefits of AI in real estate 

With AI, you can process vast amounts of information in seconds. Combine that with machine learning, and you can make the most reliable predictions in no time. Now let’s have a look at the biggest benefits and impact AI is having in real estate today and tomorrow.

1. The future of transactions

Imagine, soon physical appraisals of commercial properties may no longer be necessary. CBRE Research even predicts that 90 percent of commercial real estate will be automatically valued by 2030. This is simple and efficient. 

Thanks to the AI infrastructure, transactions in the future will be fast and easy because, with one click, you will know precisely what you are investing in - without surprises later on. If we project even further into the future there are multiple ways AI can support when it comes to financial transactions:

• Algorithms seeking investment opportunities
• Performing valuations
• Autonomously buying and selling real estate, much like trading stocks 

You can also expect transactions to become safer, more transparent, and faster with blockchain, making buying or selling a 'piece' of a building an everyday activity. In other words, we are on the cusp of unimaginable changes in the real estate industry, with AI, blockchain, and big data taking center stage.

2. Anticipating risks for real estate investments

Another advantage of AI is its ability to identify various risk factors in your real estate investments. Think of interest rate fluctuations, economic uncertainty, and stock market movements. This is an exciting development, given the infinite number of variables that could affect your property. 

And what about automating your financial processes? AI also streamlines these processes. Tasks such as invoicing, payment processing, accounting, and reporting will no longer require manual intervention. This ensures highly accurate work, saving you time and money.

3. Sustainable and healthy buildings

Building management is another area where AI can significantly reduce the amount of manual work. Thanks to sensors and smart devices, you can quickly gather all the data about your building's condition. From energy consumption to system performance, and from air quality to temperature, you can access all the information you need about your property within seconds.

As AI rapidly detects defects, it allows for more efficient and cost-effective management than relying solely on humans. Additionally, AI helps you pinpoint exactly where optimizations can be made.

Moving towards climate-neutral real estate portfolios

Healthy Workers focuses on autonomous building management, bringing about fundamental changes in the real estate world. Sustainable buildings have become the norm, and we help investors meet that standard. Structures that no longer comply with the Climate Agreement also decrease in value. 

If all our buildings were to perform optimally tomorrow, thanks to the Healthy Workers product, we would solve between 5-10% of the global emissions problem - without any sustainability investment. 

So, we contribute to reduced emissions, a healthy working environment, and better business results. In short, we are gradually moving towards climate-neutral real estate portfolios.

Want to know more about how we can help you become more sustainable and increase your portfolio’s asset value? Book a free demo and we’ll show you how it works. 

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In the AI in real estate blog series, we’ll take you along in the rapid developments of AI and machine learning in the coming period. We will explain how it is changing the real estate world forever, what our vision is, and tell you about our AI developments concerning autonomously managed buildings.