Imagine finding your dream home or investment property by using Artificial Intelligence (AI). Ben Kingsley, Founder and Managing Director at Empower Wealth is finding those locations for his clients before others do by using AI.
Check out what Ben has to say about machine learning and predictability in real estate investment.
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Here’s the transcript of the video:
properties technology I mean we have touched on it before you guys are starting to engage I guess in property technology different forms of technology how do you guys kind of see the role of Technology and what are you guys using it in your business at the moment it's a great question Trent um we're big at the moment we're spending we'll probably spend a million dollars on our innovation and technology this year so we've decided that the world is going to change and so we obviously have other businesses like locationscore.com.au which is a research measuring demand and supply so that's for a DIY type player we have you know two full-time researchers in our business led by jeremy sheppard who is you know very very clever at identifying capital growth locations we've got you know the platform now that our clients can put all of their information onto we've just launched our money smarts platform as well so we are big in terms of investing in that. we do feel that you know with technology I you know I'm a big big believer that voice is gonna be quite powerful in this space and personal assistance AI assistance so forth but the machine learning the predictability around finding new locations and the best areas to invest in is really driven by machine learning and AI and and you know we're making that investment into that now so we can still be I suppose ahead of the curve when it comes to finding those locations before other people do and buying the right types of property because you know our and we're not cheap you know you know people invest in us it's a high-value transaction investing in property in the first instance but in terms of the value you know we've got to deliver that value sure so if a client is gonna pay us you know over ten thousand dollars to find them a property or you know for an hour five thousand dollars for a plan we've got to make sure that we can deliver on that and and so a lot of that money is invested back into that research in terms of how we look after those clients
