We are grateful to get to invest in Proptech alongside deeply thoughtful and intellectually generous leaders like Pete Flint. Industry knowledge often really matters in real estate disruption, as Pete elegantly demonstrates here.
A shift to digitization has led to hyper-efficiency in some areas of real estate, but it's lopsided. AI will optimize the whole process, top to bottom: (more below) https://lnkd.in/eSzrZagp Think of the real estate and proptech world as a chain. Any mistake affects the next stakeholder and the end result: the building E.g. Delayed planning -> slow construction -> costs balloon -> fewer units -> delayed move in Lopsided advancement in one area is everyone's problem. AI will smooth out each link in this chain. 1. Autopilots speed up permitting, pre-construction. Any task with a large corpus of data (visual, language, numerical) 2. Automation -> bundling of tasks -> enhancing productivity + efficiency 3. Streamlined handoffs The result: fewer errors, better results, and greater operational efficiency at every individual link. Taken together, that's a productivity cascade across the whole chain. This is just the beginning. We at NFX dive into several niches of opportunity here: https://lnkd.in/eSzrZagp