Property value and mortgage value assessment is the estimation of the future value of a particular asset for purchase, insurance, and more.
Unlike most other purchases, real estate tends to rise in value over time. This rise is influenced by economic and social trends, environmental conditions, and on governmental controls and regulations. These large-scale trends directly affect the general demand for property ownership, the scarcity of property for purchase, the utility of the property for potential owners, and the ease at which property rights can be transferred.
Traditionally, personalization was focused on a set of rules based on existing data. Firms used to collect data in advance without any consideration for real time data but now better and much faster results can be obtained by using AI that allows businesses to conduct profiling and real-time analysis to optimize each conversion. This process is defined as Predictive Personalization and is driven by Machine Learning.
Apartment rental prices are influenced by various factors. The aim of a house or apartment rent prediction model is to analyze the different features of an apartment and its surroundings to generate the most suitable price for rent.
Smart building technology arms a building’s component systems with the ability to communicate with each other and with management. Security systems, plumbing, electricity, waste management, temperature control, and more work exchange data constantly in order to improve the comfort and safety of people living or working inside the buildings.
Smart building technology works for both residential and commercial buildings.
VR therapy is the use of virtual reality equipment and programs within a therapeutic setting, sometimes as the primary therapy used, to address both mental illness and physical injury. In many cases, VR headsets are used in combination with biometric sensors like heartbeat or electrodermal activity sensors.
Retail AR refers to the use of augmented reality (AR) and even virtual reality (VR) to improve retail sales. With this technology, customers can do things like try on clothes without undressing or visit stores while in quarantine. Aside from the attraction of trying the newest technology, AR and VR can meet customers wherever they are.