LOS ANGELES—"Many of us have heard of the internet of things, machine learning, and artificial intelligence, but when new technologies make bold promises, it is important to discern the hype from what is commercially viable." So said panelists during a closing session at the recent GlobeSt. Multifamily national conference here in Los Angeles at the JW Marriott LA LIVE. 

"As tech matures, we start to really understand the benefits they bring to our business," said Robert Lee, chief operating officer at Hyly.AI. One way to do so, he explained is to use the Gartner Hype Cycle, which helps provide a graphic representation of the maturity and adoption of technologies and applications. It also shows how they are potentially relevant to solving real business problems and exploiting new opportunities. 

That methodology, he explained, gives you a view of how a technology or application will evolve over time and provides a source of insight to help manage its deployment within the context of whatever your specific business goals are.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.