Advancements in AI technology have revolutionised the way we manage and maintain property “hard” assets. An emerging application is the Intelligent Asset Register, which optimises the management of critical assets such as lifts, electric gates, alarms, and various machinery across extensive property portfolios.

With today’s advances in AI technology, what was complex and tedious can now be done quickly and efficiently. One of these examples can be found in historical lease interrogation. With a custom generative AI solution, a secure sandboxed environment can be created in which all historical real estate leases are uploaded. This will enable any user within the firm to access a chatbot to ask it natural language questions about any aspects of the leases. This in essence becomes a dynamic lease management tool which delivers incredible instantaneous insights at the fingertips of all users.