Asia’s first survey of the impact of artificial intelligence on the region’s real estate industry is set to wrap up responses this Friday, 9 August giving investors, developers and other industry professionals an opportunity to share from their experiences adopting new technologies for their businesses.
The survey by Mingtiandi and Yardi is in its fifth edition with this year’s poll expected to be the largest ever as real estate executives share their experiences using tools for managing portfolios, conducting acquisitions, managing data and other tasks.
The survey started nearly two weeks ago with responses accepted until 22:00 Hong Kong time on Friday. The poll contains just 18 questions and can be completed in less than five minutes with results to be shared in a report later this year. Readers can take the survey by clicking the link above.
This year’s research comes just under two years after the debut of ChatGPT showed the power of generative AI systems with businesses having since worked to find ways to improve efficiency and streamline systems by leveraging this tech innovation.
Adopting New Innovations
After last year’s Mingtiandi-Yardi poll gauged expectations regarding artificial intelligence, this year’s survey is already measuring the extent to which businesses are already adopting the technology.
The poll explores how companies are adopting AI, what steps have been taken towards their artificial intelligence goals and the nature of obstacles to adopting the technology.
More than half of the respondents to the 2023 survey came from Hong Kong or Singapore, with Australia, China and Japan also among the top sources for responses.
Tech Trends
Beyond artificial intelligence, the survey also looks at broader issues of technology adoption in Asia’s real estate industry, how practices compare to other regions in the world and what types of information companies are most frequently seeking to manage.
With hacker attacks continuing to rise, the poll also probes how companies in the region are managing systems for cybersecurity and what priorities respondents have for further upgrades to their technology stacks.
Among the respondents to date, a third manage real estate assets for $1 billion or more, with 13 percent managing over $51 billion in assets. All responses are kept anonymous and confidential.
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