{"id":1004722951,"date":"2024-07-30T04:40:54","date_gmt":"2024-07-30T12:40:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004722951"},"modified":"2024-08-01T07:08:34","modified_gmt":"2024-08-01T15:08:34","slug":"executive-council-ai-challenges-for-cre","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/","title":{"rendered":"CPE Executive Council: AI Challenges for CRE"},"content":{"rendered":"
\n
\"CPE<\/figure><\/div>\n\n\n

The use of artificial intelligence has exploded, particularly in the real estate industry. However, there are still some issues with the new technology. This month the CPE Executive Council shares some of the challenges they’ve experienced with AI.<\/p>\n\n\n

\n\n
\n
\"Ryan
Ryan Severino<\/figcaption><\/figure><\/div>\n\n\n

Model Behavior<\/strong><\/p>\n\n\n\n

We are such advanced users of data science that our biggest challenge can be demystifying it and explaining it in a way that everyone can understand. Because it doesn\u2019t matter how good our models are\u2014if people don\u2019t trust them and don\u2019t buy into them, they aren\u2019t as useful as they could be. We have done a great job overcoming this obstacle, but every time we present out methodology to a new audience, we have to be diligent in explaining it. \u2014Ryan Severino, Chief Economist & Head of U.S. Research, BGO<\/a><\/p>\n\n\n

\n\n
\n
\"Jeff
Jeff Hamann<\/figcaption><\/figure><\/div>\n\n\n

Human Interaction<\/strong><\/p>\n\n\n\n

Many of us in the industry are genuinely excited about any and all applications of AI. There are some real challenges, though.<\/p>\n\n\n\n

One of the biggest challenges I\u2019ve encountered comes from a tendency to set and forget it. Say you\u2019ve set up a chatbot on your property website, or to interface with your leads, tenants, or customers. Wherever it is, once your bot is live, don\u2019t think that\u2019s the end of human involvement. Someone on your team needs to regularly check in on its performance, reading message logs, and identifying areas where the bot fails to deliver a solid experience to your customers.<\/p>\n\n\n\n

This isn\u2019t always easy, and it\u2019s nearly always tedious, but it\u2019s essential. The same thing goes for once you adjust your AI chatbot after that review. Large language models may feel predictable to many users, but over any length of time they can get derailed, which can be harmful or damaging to your ability to capture leads, handle tenant requests and collect information. \u2014Jeff Hamann, Editorial Director, Janover<\/a><\/p>\n\n\n

\n\n\n

Interested in joining the CPE Executive Council and being featured in future articles? Email Jessica Fiur<\/a>.<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s not all smooth sailing when it comes to new technology. Here are some issues that might impact those in real estate.<\/p>\n","protected":false},"author":443,"featured_media":1004723273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[52209],"tags":[52263,52366],"class_list":["post-1004722951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-executive-council","tag-bgo","tag-janover"],"acf":[],"yoast_head":"\nCPE Executive Council: AI Challenges for CRE - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPE Executive Council: AI Challenges for CRE\" \/>\n<meta property=\"og:description\" content=\"It's not all smooth sailing when it comes to new technology. Here are some issues that might impact those in real estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-30T12:40:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-01T15:08:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessica Fiur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/\",\"name\":\"CPE Executive Council: AI Challenges for CRE - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg\",\"datePublished\":\"2024-07-30T12:40:54+00:00\",\"dateModified\":\"2024-08-01T15:08:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg\",\"width\":800,\"height\":620,\"caption\":\"CPE Executive Council\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CPE Executive Council: AI Challenges for CRE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3\",\"name\":\"Jessica Fiur\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96\",\"caption\":\"Jessica Fiur\"},\"description\":\"Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive and writes the award-winning blog What Renters Want. Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https:\/\/www.linkedin.com\/in\/jessicafiur\/.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jessica-fiur\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CPE Executive Council: AI Challenges for CRE - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/","og_locale":"en_US","og_type":"article","og_title":"CPE Executive Council: AI Challenges for CRE","og_description":"It's not all smooth sailing when it comes to new technology. Here are some issues that might impact those in real estate.","og_url":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-07-30T12:40:54+00:00","article_modified_time":"2024-08-01T15:08:34+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg","type":"image\/jpeg"}],"author":"Jessica Fiur","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/","url":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/","name":"CPE Executive Council: AI Challenges for CRE - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg","datePublished":"2024-07-30T12:40:54+00:00","dateModified":"2024-08-01T15:08:34+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg","width":800,"height":620,"caption":"CPE Executive Council"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/executive-council-ai-challenges-for-cre\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CPE Executive Council: AI Challenges for CRE"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3","name":"Jessica Fiur","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96","caption":"Jessica Fiur"},"description":"Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive and writes the award-winning blog What Renters Want. Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https:\/\/www.linkedin.com\/in\/jessicafiur\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jessica-fiur\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/CPE_Executive_Council_Headshots-073024.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004722951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/443"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004722951"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004722951\/revisions"}],"predecessor-version":[{"id":1004723740,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004722951\/revisions\/1004723740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004723273"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004722951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004722951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004722951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}