What are the risks of AI in real estate?
The risks of AI in real estate include data privacy concerns, as AI systems often handle sensitive customer information. There's potential for biased algorithms if the data used is not representative or contains inherent biases. Over-reliance on AI may lead to reduced human interaction, affecting relationship-building. Implementation costs can be high, and there may be resistance to adopting new technologies. Addressing these risks requires robust data governance, ethical AI practices, and a balanced approach that combines technology with human expertise
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