NAREIM’s annual Data & Information Management Meeting in Chicago opened with attendees choosing from a dozen topics for discussion during the morning Windy City Chat.
Overwhelmingly, the room gravitated toward artificial intelligence, dedicating the entire hour to the topic before revisiting it in subsequent sessions throughout the day.
The overarching takeaway? Data and IT professionals within real estate investment management firms are grappling with how to leverage generative AI to deliver measurable business value while controlling costs, managing risk and encouraging employees to embrace new ways of working.
“There’s AI for the masses, which is a general productivity tool, and then there is AI to help turbocharge the real estate investment management business.”
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The adoption of artificial intelligence has shifted from abstract future possibility to urgent business priority: a matter of talent recruiting and retention, culture, and competitive positioning. This was a recurring theme attendees heard throughout the day at NAREIM’s Data & Information Management meeting in Nashville this week.
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