Artificial intelligence has become virtually synonymous with generative AI in public discussion. But AI is a much bigger topic. What is likely the most used in CRE as well as in other industries is machine learning.
As IBM describes it: "Through the use of statistical methods, algorithms are trained to make classifications or predictions, and to uncover key insights in data mining projects. These insights subsequently drive decision making within applications and businesses, ideally impacting key growth metrics."
The techniques are widespread across many industries, including engineering, manufacturing, image recognition, autonomous vehicles, automatic translators, data analysis, and many other places.
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