The Cost of Ignoring A.I. in Your Property Assessment Process
Innovation in the built environment is moving faster than ever.
With the
World Insurance report estimating that 95% of customer interactions will be A.I. enabled by 2025, integrating A.I. into the property assessment process is becoming increasingly more important for companies that work with the built environment. In addition, in a post-pandemic world, we’ve seen how a company’s ability to adapt towards an increasingly technological consumer-base reflects its chances for long-term survival.
This transition from legacy practices to digital solutions in the built environment has prompted more than 81% of insurance businesses and IT executives to acknowledge that technology has become an inextricable part of the human experience, according to Accenture’s annual
Technology Vision for Insurance 2020 report. Failing to keep up with current trends puts a company in danger of not only falling behind, but also becoming outdated.
Cutting-edge computer vision and machine learning solutions are now able to instantly assess the built environment and generate everything from detailed measurements to bills of materials for everything within that space. Insurers, contractors and even home improvement platforms are already embracing this new technology to get accurate data and outputs of a room from just a few photos uploaded by the home owner or property manager.
Companies embracing Hosta’s A.I. technology are transforming and thriving with this new technology.
By integrating Hosta into your property assessment process, you’ll be able to assess spaces in an efficient, accurate, and powerful manner. Our patented technology can help you reduce costs, increase the scalability of your projects, and produce full spatial, risk, and damage reports.
Click here to learn more about how Hosta can augment your property assessment process.
