APPLICATION OF AI IN THE FIELD OF REAL ESTATE: A PARADIGM SHIFT FROM HUMAN BUSINESS TO MACHINE LEARNING

The purpose of this book chapter is to present a thorough examination of how artificial intelligence (AI) isrevolutionizing the real estate sector. AI recently created new spaces for clever activities and economical solutions,saving both existing businesses and start-ups time and money. Advanced AI technologies analyse markets,determine the prices of goods and services, and lower maintenance costs by using high-efficiency algorithms likemachine learning. AI has drastically changed a number of sectors and industries, giving entrepreneurs the chanceto innovate and create clever solutions in a competitive marketplace. Particularly when it comes to AI, the focusis on images that incorporate 360 degrees. With the use of specialist cameras, the entire scene may be captured inthree dimensions, and the footage can be assembled to give the viewer the impression that they are in the roomand can watch what is happening from that perspective. To deal with AI technology and build their "smart" firms, entrepreneurs now face additional difficulties as a resultof this disruption. Therefore, in order to maximize their profits, businesses need to develop the requisite abilitiesand assemble capable teams of specialists or talents. This book chapter examines the possible advantages anddisadvantages of artificial intelligence and virtual reality technologies in the real estate sector. This article alsoillustrates some of the difficulties faced by businesses in general and real estate companies in particular using a real-world example.