Artificial Intelligence (AI)
The simulation of human intelligence in machines designed to perform tasks such as learning, reasoning, problem-solving, and decision-making.
Putting AI in Context
In CRE, AI is transforming lease abstraction. For instance, an AI system can quickly review and extract critical details from hundreds of leases, reducing the time and errors typically associated with manual reviews.
Click here to get this CRE Glossary in an eBook (PDF) format.