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The AI in Business Podcast

Innovation and Storytelling in Real Estate - with John D’Angelo of Deloitte

Feb 7, 2024
32:28
Snipd AI
John D’Angelo, Real Estate Solutions Leader at Deloitte, discusses challenges in real estate industry, including slow adoption of technology and resistance to change. He explores potential of AI in leasing process to streamline creation of complex leases and mitigate risks. Importance of storytelling and local knowledge in real estate emphasized. Conversation also touches on ROI in legal document creation, potential of AI in contract creation, and challenges and trends in real estate innovation.
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Podcast summary created with Snipd AI

Quick takeaways

  • The resistance to technology adoption in the real estate industry may stem from a fear of losing the value of years of experience and uncertainty about the impact of technology on individual roles.
  • Embracing innovation and finding a middle ground between resistance and blind adoption of AI technologies can be advantageous in the real estate industry.

Deep dives

Real estate industry's reliance on local knowledge and storytelling

The podcast episode discusses the challenges and trends in the real estate industry, highlighting the importance of local knowledge and storytelling. The speaker emphasizes the historical resistance to adopting new technologies and how local market knowledge still plays a crucial role in the industry. The lack of a centralized listing service for commercial real estate makes it necessary to rely on personal connections and conversations to gather information about available properties. The speaker suggests that the resistance to technology adoption in real estate could be driven by a fear of losing the value of years of experience and the uncertainty surrounding the effects of technology on individual roles.

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