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June 26, 2018, 05:23:56 AM |
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The AgentMile platform will combine artificial intelligence and blockchain technology to produce better and more reliable data analysis. This will be achieved by applying AI algorithms to the data collected and stored on the blockchain.
Because the CRE industry is so complex, CRE professionals have to rely on mathematical models to make final decision on whether a location is good or bad. The AgentMile platform will make these models much more accurate and helpful by recognizing real-time patterns and by producing meaningful outcomes based on real-life data.
For example, AgentMile will empower CRE professionals and investors to obtain a real-time breakdown of projected revenues based on the current rental values and patterns, detect fraudulent activities before they occur as well as dealing with compliance issues early on. AgentMile will also provide invaluable assistance in one of the most important tasks of all: identifying the most promising locations.
Therefore, instead of relying on dated information (or facing the lack of credible commercial lease comparable data), brokers can obtain outstanding insight into prices and past performances.
Ultimately, CRE professionals will no longer waste any time on data collection and compilation. There would also be added benefits for the CRE ecosystem if the AgentMile platform encompassing AI and blockchain stores and analyzes the data, while brokers and investors would be able to analyze the bigger picture, the context of upcoming trends and ways to better capitalize on them better than in the past.
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