MEDIA COVERAGE
July 22, 2023
How AI could possibly simplify buying Smart Homes in the current Real Estate industry!
Mr Rakesh Reddy, Director , Featured Article on CXO Today
It is evident that technological advancement is necessary for the real estate industry to grow to its anticipated levels. This is a good opportunity to introduce new systems, such as smart home technologies, and to reexamine established business practices.
The worldwide smart home market is expected to develop at an impressive rate of over 25% yearly and reach a valuation of over $500 billion USD by 2030. This growing trend can be partly attributable to artificial intelligence’s (AI) important contribution to the sector’s expansion.
The development of AI has significantly increased the capability of smart home systems. Through seamless operations and communication, the exponential advancement of AI has raised our level of living and provided us with more convenience. Smart home devices can be easily operated by a single device or application with AI integration, making them user-friendly and available to everyone. These products can be found in the living room, dining room, kitchen, or at the door.
AI’s ability to replicate human cognitive function by assessing and processing data, carrying out pre-programmed tasks, and learning about user behavior is what makes it valuable. This feature gives AI the ability to anticipate and apply user actions in the future, a capability that is especially exciting for AI-enabled smart home goods.
If used properly, AI can result in significant cost reductions and operational efficiency. This is especially true with smart houses, which are currently working to make their homes genuinely smart in every way. Our Director, Mr. Rakesh Reddy, also spoke with the well-known CXO Today portal to share his insights on the subject. To read more about this, visit the link below.
