ICSC + ThoughtTrace: AI Contract Analytics for Efficiency and Asset Optimization
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Commercial real estate technology is evolving and over $55 billion has been invested in PropTech in the last two years.
In the recent Deloitte 2021 Commercial Real Estate Outlook survey, 56% of respondents believe the pandemic exposed shortcomings in their companies’ digitization efforts. 45% plan to increase their investment in advanced technology solutions to close the gap and make operations more efficient.
Document management and contract analytics remain a compounding problem in the space, spanning from lease administration to capital market dispositions and due diligence review. Storing documents isn’t the issue; it’s the ability to access valuable data within those documents.
This is where AI excels, able to read and understand documents like a human, exponentially faster and more accurate.