The Real Estate Institute of NSW introduces “Alice Ing” an AI advisor with profound real estate knowledge
The Real Estate Institute of NSW (REINSW) recently welcomed its latest board adviser, “Alice Ing,” a state-of-the-art AI bot designed in collaboration with Julian Moore, an AI specialist in the not-for-profit sector. Alice Ing resides securely within the ChatGPT system, boasting an encyclopedic understanding of real estate dynamics.
REINSW has achieved a remarkable milestone by becoming the first Australian organization to allocate a board seat for artificial intelligence. While acknowledging international precedents, REINSW CEO Tim McKibbin emphasized the novelty of this initiative within the Australian context.
McKibbin outlined the institute’s motivation, citing a commitment to innovation and a desire to leverage AI solutions effectively. Alice’s multilingual capabilities were highlighted as a significant asset, facilitating enhanced communication with diverse communities.
In a rapidly evolving real estate landscape, marked by the rise of proptech companies, McKibbin underscored the imperative for industry-wide AI exploration. He emphasized the necessity of adapting to the algorithmic economy to remain competitive.
Alice’s role is characterized by data-driven contributions, leveraging her proficiency in handling vast datasets to provide insights during board deliberations. McKibbin expressed optimism about Alice’s potential to revolutionize decision-making processes and enhance organizational efficiency.
In her own words, Alice outlined her objectives, focusing on streamlining REINSW’s operations, facilitating informed decision-making, and ensuring alignment with the institute’s mission and ethical standards.
Julian Moore applauded REINSW’s embrace of AI, heralding a new era of AI integration in Australian governance. He predicted that Alice Ing’s involvement would set a benchmark for AI adoption across industries, positioning REINSW as a pioneer in this transformative journey.
