00:00 Speaker a
And basically you know that you are walking with your clients with this idea that Ai and robotics are changing the real estate industry. It is a driving, what you say is this true transformational evolution of the industry passes us through it, only a high level. What do you have in mind?
00:17 Speaker b
Yes, so Ai robotics is, you know, traditionally I mean robotics traditionally, people think about it as production and logistics, but it will be much more. It is already starting. Oh, we already know it can increase efficiency and combine points and improve, you know, efficiency increases in many places. However, a high level, if you have ruined as real estate, real estate use and really anything in the world, you do things, move things, manipulate things, or store things. This most GDP is suitable for that bucket. With real estate, UM, if you think about it, Ai and robotics will change the entire real estate life cycle. So you have a design. So how are you creating things? Where do you create things? So there are some considerations there. So you will need to use AI and robotics, UH, housing, mobile and transportation. You will see, you know, for example, parking lots turn into parks because you see less need because we have autonomous vehicles that do not need to be parked. So there is a design element when Ai and robotics or artificial intelligence will redesign how we think about design. So, companies like Autodesk, players like it will have a huge game, UM, just like this design system. Materials and energy designs will also be played. So if we think of, you know, we use energy. UH, the most advanced economies are the use of higher energy. So, it is a big component of that. So now we are moving to the fact that we have built or we have to design it, then we create it. Currently, robots are quite little penetrating actually creating things. It is still a very physically demanding manpower. You have some amazing constructions where, for example, they prepare it in advance, and there are some 3D printing things, but it is still very manual on work sites. There is a lot of space here, and there is a lot of need to improve efficiency. We have a lack of labor and have dissatisfied needs, we have a housing crisis. I mean that people can’t afford to live here, or, UH, the operating system actually doesn’t work. We have a lot of debts, for example, we can’t really act as we go. So, to improve that side of things, we really need to use more AI and robotics. The next stage is actually surgery. Thus, he will become the operating system of the buildings. Thus, it is energy efficiency, it improves the quality of life. Think of aging inhabitants, many of them are sent to a nursing home, but in reality it looks why more people can’t live at home? So, if you start adding AI, you have more energy efficiency, you know, more robots that can achieve more goals. It really changes where people think about the development of real estate as it will change the lives of people. So it also gets into data centers and other things. That component of energy management is very, very important.
05:09 Speaker a
However, when you think about the real estate industry, as you know, I mean it can be, it can be a highly regulated industry and sector, or does it cause any challenges or obstacles to installing and integrating another Gen Tech you are talking about?
05:28 Speaker b
This is a huge opportunity because we are currently backing up. Okay, I think we had raised Doge in this show before. But in this case, we are not trying to move quickly and stop affairs, we try to move quickly and produce things. And if we do it, it can actually improve the way we confirm and reduce the speed of bureaucracy, just like the cycle. So, you know, permits are too long, there are many similar opinions and local authorities that seem to obstruct and stop Nimby compared to Yimby. So you know, oh can also be used on the government side, saying how we have these rules? Whether it is safety, energy efficiency and coding it. So now these codes are, you know, these laws can be codified and facilitated. So we’ll see faster uptake and reduce costs, so the creators will say that, oh, I wish more faster to do it through the door. Here are the incentives, which is what I have to do. So you can actually see improvements. But yes, I mean that people talk about energy consumption, UM, and there are many players who try to reduce it, and can and produce, you know, more efficient energy, energy -efficient buildings. So, it should be pure positive. I don’t think anyone will resist.