There’s a lot of talk about AI and bots. Much of it centered around increased conversion and acquisition.
Cool tech for the sake of tech is great.
But that doesn’t make it a business, nor does it make it a product consumers want (or need) to use.
What problem is AI/bot X solving for buyers and sellers? Is the solution/experience 10x as good as the present one?
It seems focusing on segments of the real estate industry where frequency of transactions are much, much higher — investing, rentals, home builders, etc — would be a smart approach.
Timing is part of this; bots and AI will impact the consumer residential sales segment in a massive way.
I’m just not sure we’re there yet.
When there is a massive consumer win — we’ll know bots/AI have arrived.
Some additional writings by others:
(please, please email me at drew at geekestatelabs dot com with compelling products — I’m trying to get my head around where AI/bots/VR are headed).