Posted by Janet B. Stroud — August 18, 2024 — The awareness and use of artificial intelligence (AI) is moving at a fast pace. It is laser-focused on data — lots and lots of data — to maximize its effectiveness. Over the past few months, OSCRE International senior leaders have discussed the impact of AI on real estate and have developed an AI policy statement to provide guidance on its use, with a related webinar on August 21.
Click to register for the “Strategy for the Age of Machine Thinking” webinar on Wednesday, August 21, 11 AM – 12 PM ET. No fee required. Image courtesy of OSCRE
This policy statement is consistent with OSCRE’s mission, “To enhance real asset data through unified standards and knowledge,” and acknowledges our shared obligation to employ responsible AI technology.
OSCRE is a non-profit, corporate member organization focused on the development and implementation of real estate data standards. Data standards are an essential component in the digital transformation of the real estate industry, supporting everything from sustainability initiatives to cybersecurity to portfolio optimization.
The OSCRE Industry Data Model (IDM) is a great place to start to develop your real estate data strategy that covers the entire asset lifecycle. The IDM is free to access and use, containing all the data definitions used in OSCRE’s 150+ use cases. This data model has been developed in collaboration with real estate industry representatives from member organizations around the world. These organizations recognize that data standards are critical to successfully implement emerging technologies including artificial intelligence (AI) and drive better performance across the real estate industry.
Read OSCRE’s AI policy statement online, and register for the “Strategy for the Age of Machine Thinking” webinar on Wednesday, August 21, 2024, 11 AM – 12 PM Eastern Time. No registration fee required.
