CRE pros can drop the tape measures as computer vision and analytics technology are ready to take over—at a price and with some limitations, of course.
Engineers and scientists have for years been working on how computers can directly see with cameras. There's been growing use in commercial real estate. For example, using combinations of satellite and manned aircraft imagery, it's possible to see whether a roof is damaged, worn, or potentially at some other risk like an overhanging tree.
But images and video can do much more when introduced, with the right software, into the interior of spaces. Through complex mathematical algorithms and the ready availability of computing power, it's possible to process video and still images into calculable data that can provide information, from floor plans to estimates of materials needed to duplicate damaged interiors.
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