What are the Challenges of Implementing AI in Real Estate?
Implementing AI in real estate comes with several challenges. First, the high cost of AI technology can be a barrier for smaller companies. Second, there is a lack of data standardization, making it difficult for AI systems to integrate and ****yze diverse data sources effectively. Third, the real estate industry often resists change, which can slow down the adoption of new technologies. Additionally, there are privacy concerns related to collecting and using personal data. Lastly, the complexity of real estate transactions, which involve numerous variables and stakeholders, makes it challenging to create AI models that can handle all scenarios accurately.
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