AI on Prop-Tec for more efficiency in RealEstate
The Goodguys have thought about some meaningful AI approaches in the real estate business and like to share this:
That’s what we want to do!
- Area selection – a challenge in RealEstate
- Validation of completion levels
- Exact levels of completion for correct CashPlanung
Finding an optimum possibility for Investments through AI
- Motivation
- Support a review team for decisions in unknown locations o Suggestion system for property valuations
- Approach
- Recognition of offer / contract documents with enrichment of external data
- Build a basic model with externalized parameters as well as intrinsic decision elements
- Result
- Proposal reporting on existing purchase situations up to recommender reporting Clustering of remarkable issues
Planning Predictions on the basis of AI for cash management
- Motivation
- Assistance in planning and planning validation requires experts.
- Planning with experts requires long lead times ..
- Approach
- Establishment of a predictive tool that learns the annual planning on the basis of past planning / deviations and parameter sets
- Error detection in case of deviations from the basic data / measures
- Result
- Planning proposal as a supplement to the planning round
- Demonstrate risk clusters in terms of experience from previous years and generate validity statements for planning
Development readyness AI based Estimation
- Motivation
- Project progress / degree of completion: Ongoing GOOD / ACTUAL comparison always deviates.
- Predict deviations before and identify fields of causes in the base data
- Approach
- Validation of the degree of completion of the project on the basis of invoices / orders and assessments of the contractors as well as ETA so that the degree of completion of external parameters / geodata, economic data) can be derived
- Result
- Estimate: Project progress at query time, completion duration, cause clusters
- Saving: more accurate planning forecasts, financial / balance sheet statements
