Transforming Real Estate:
AI and Quantum Computing Innovations
COURSE OBJECTIVE
Advanced course that uses classical artificial intelligence and quantum computing for property valuation, image classification, property status, rental valuation, market trend analysis and risk management in real estate.
A new wave of technological innovation, such as artificial intelligence (AI), is being applied today in various economic sectors, especially in recent years, due to improvements in hardware performance and the increase in the use of data. . Machine learning (ML) is a very powerful tool for collecting, analyzing and interpreting big data in order to predict results. It has been widely used in many sectors, including Real Estate. The use of ML in the real estate market can help improve decision making, reduce risk and increase efficiency in property valuation, management and investment.
The course explains how Machine Learning (ML) models can be used to predict the cost of a real estate asset by analyzing historical data from previous real estate operations. These models can recognize patterns and relationships between multiple variables such as location, size, nearby services such as transportation and parking availability, as well as the crime rate. This speeds up the property valuation process and can automatically categorize properties, rank search results, and suggest comparable properties. The use of ML can simplify real estate transactions and aid both buyers and sellers in their decision-making process.
Machine learning algorithms have the ability to identify properties that are likely to appreciate in value or generate high rental income by analyzing historical data and recent market trends. They can also take into account market patterns, property data and economic indicators to evaluate the risks associated with investing in a specific property or market.
By analyzing data related to occupancy rates, rental rates, and tenant behavior, these algorithms can optimize property management operations such as rental pricing, lease renewals, rent collection, and maintenance scheduling.
Real estate websites and apps can use automated ML to recommend properties to consumers based on their interests, search histories, and activity.
About ML, a module on advanced data processing is presented, explaining, among other topics: sampling, exploratory analysis, detection of outliers, advanced segmentation techniques, feature engineering and classification algorithms.
During the course, ML and Deep Learning predictive models are shown such as: decision trees, neural networks, Bayesian networks, Support Vector Machine, ensemble model, etc. And as for neural networks, the feed forward, recurrent RNN, convolved CNN and Generative adversarial architectures are exposed. In addition, probabilistic machine learning models such as Gaussian processes and Bayesian neural networks have been included.
Computer vision is a form of artificial intelligence (AI) and machine learning that allows computers to extract meaningful information from images and automate actions based on that information, quickly and at scale.
During the course it is explained how computer vision can classify and evaluate interior and exterior images of properties (kitchen, living room, main bathroom, etc.). Amid the shortage of appraisers, investors, lenders, underwriters and online portals are turning to computer vision technologies to access accurate data on the condition of properties. Today, the most robust solutions use computer vision to analyze high-resolution aerial photographs and provide data on the condition of tens of millions of properties.
QUANTUM COMPUTING
Quantum Machine Learning is the integration of quantum algorithms within Machine Learning programs. Machine learning algorithms are used to calculate large amounts of data, quantum machine learning uses qubits and quantum operations or specialized quantum systems to improve the speed of calculation and data storage performed by a program's algorithms. For example, some mathematical and numerical techniques from quantum physics are applicable to classical deep learning. A quantum neural network has computational capabilities to decrease the number of steps, the qubits used, and the computing time.
The important objective of the course is to show the use of quantum computing and tensor networks to improve the calculation of machine learning algorithms.
Additionally, the course explains quantum computing, quantum circuits, important quantum algorithms, quantum mechanics, quantum error and correction, and quantum machine learning.
Monte Carlo simulation is a commonly used tool in the financial sector, including real estate market forecasts. The Quantum Monte Carlo simulation exceeds the resolution time of the classical simulation, so it can achieve greater precision.
The course explains the use of quantum algorithms, including quantum Monte Carlo simulation, to predict house price developments.
WHO SHOULD ATTEND?
The Course is aimed at Real Estate professionals interested in developing powerful property image classification and valuation models using artificial intelligence and quantum computing.
For a better understanding of the topics, it is necessary that the participant have knowledge of statistics and mathematics.