| |July 20208THE AI PROMISE FOR INDIAN REAL ESTATEust like the internet changed the world in the last 20 years, AI & ML are no longer buzzwords, and will change the way the world functions in the coming two decades. Organizations with the foresight and patience to adopt AI & ML could emerge as frontrunners.Just as nothing good in life comes cheap, AI programs will need more resources than budgeted and will not yield results in the short term. The trick will lie in the ability and willingness of organizations to identify genuine AI use cases to make investments in AI resources to action the insights that emerge from such applications and do all things right by Data ­ knowing what to collect, how to collect, where to store, and how to use ­ for AI & ML to fire effectively.All the above factors also explain the slow adoption of AI & ML in the Indian real estate space. The sector has taken a while to evolve from family-run conventional enterprises to professionally managed organizations. IN MY OPINIONBy Abhinav Aggarwal, Head - IT, Mahindra LifespacesJ
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