Technological advancements have created opportunities for improved efficiency and accuracy through automation, artificial intelligence (AI) and machine learning (ML). While these concepts are heavily entrenched in our everyday lives, they’re often surrounded by misinformation or mistrust. However, the business world is increasingly embracing the efficiencies that these technologies offer. To understand how to best utilize them in commercial real estate it’s important to learn what exactly they are and what they can do.
Automation is a type of software that follows pre-programmed guidelines or rules which replicate human actions such as entering payrolls; packing, sorting or making deliveries; organizing information; scheduling payments emails or social media posts – all without additional instructions from humans. AI seeks to mimic human intelligence and cognition with algorithms used to crunch vast amounts of data from different sources providing results without further instruction while also being able analyze changing environments faster than humans can manage alone. Machine learning forms part of this process enabling computers to learn over time while natural language processing involves using computer algorithms for understanding text classification sentiment analysis automated chatbot conversations voice-activated assistants like Siri & Alexa plus more besides! Together these two concepts create powerful tools for automating tasks with AI backed precision – stay tuned as we explore further into their potential applications in future posts!
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