Sony has announced the creation of an extremely advanced real estate software that uses artificial intelligence to determine Tokyo-area housing prices.
The Sony real estate software has a kind of virtual intelligence similar to that of IBM Watson. It parses all previous data available to identify patterns. On its own, it determines the most accurate prediction models and creates formulas accordingly. It learns from its mistakes. What Watson did for Jeopardy, this real estate software is doing for the Japanese housing market.
Currently, the real estate software created by Sony Corp. is in use in Tokyo, where it is working to determine the value of local houses. The robotic real estate agent doesn't yet interface directly with clients, but is used in consultation with a human Sony Corp. real estate representative.
Robotic Real Estate Agents
This Real Estate Software Uses Artificial Intelligence to Predict Price
Trend Themes
1. Artificial-intelligence Real Estate Software - The development of advanced real estate software uses artificial intelligence to predict housing prices and determine patterns, presenting opportunities for advanced analytics and automation in the real estate industry.
2. Integration of Human and Robotic Agents - The current use of robotic real estate agents in consultation with human representatives could lead to the integration of human and robotic agents in the real estate industry, opening opportunities for more efficient and effective customer service.
3. Automated Data Analytics in Real Estate - The use of automated data analytics in real estate software could revolutionize the real estate industry by providing more accurate predictions and quicker decision-making, presenting opportunities for data-driven innovation.
Industry Implications
1. Real Estate - The real estate industry can benefit from the development and integration of artificial-intelligence software and robotic agents to predict housing prices, streamline processes, and enhance customer service.
2. Technology - The development of advanced real estate software that uses artificial intelligence and automated data analytics presents opportunities for technological innovation and disruptive technologies that can affect real estate and other industries.
3. Finance - The integration of artificial intelligence and automated data analytics could also lead to new investment strategies and financial instruments based on more accurate and comprehensive real estate market analysis.