Your point of contact for quick, actionable insights into technology and business.
7
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Management of assets in the property relies on a set of financial perspectives and in view of the fact that the property has been put into operation. Real estate technology companies rely on:
Nowadays, there is more information available than ever for figuring out which commercial property can become a smart investment. Investors can study information not only about rental spreads, market demand, gentrification trends, information about tenants, but also about the proximity of a subway station, the number of cafes, schools, and other infrastructure nearby, and much more. Moreover, real estate technology companies are interested not so much in the current state of the market, but in its predictive analytics.
Some investors and managers may not be able to actually analyze the data. After all, it takes a lot of effort to fully review all the available data and make sure it is true and compatible with their investment method. There may not be enough risk management or analysis instruments, so investors might not study the data in-depth.
Artificial Intelligence (AI) opens access to unique experiences for property market participants. Real estate technology mechanisms adhere to the algorithms designed in view of the existing information and how market participants behave. On this basis, AI forms various purchase models and delivers actual information to consumers.
As the demand for predictive analytics-driven information increases, data analytics, and artificial intelligence can help recognize potential tendencies that you can then use to raise profit.
The advantages:
Until 2003, the technology market for real estate trade and rental was stable and so did not require any new tech solutions. When artificial intelligence and machine learning technologies appeared in the 2000s, they brought new investment models on the basis of advanced technologies, such as machine learning and artificial intelligence.
Predictive analytics is a great instrument that finds correlation between former trends and events expected in the future. At the same time, artificial intelligence and machine learning process huge amounts of data.
One of the most important advantages of machine learning predictive analytics is its ability to quickly manage all accessible data and identify resources of relevant and irrelevant information. As a result, we get a prediction that corresponds with the working theory and minimizes errors and failures.
Unsupervised machine learning enables early detection of new trends in the real estate market. It is obvious that such models based on the use of previously inaccessible data make it difficult to use the continuity of prediction systems and therefore it is risky to apply such models for investment. However, the connections created by unsupervised machine learning give us enough reasons to trust the accuracy of such predictions, even when they have not yet gained credibility in the property investment market.
Another incredible advantage of utilizing AI for preventing outages with predictive analytics is that it can manage a massive set of information without human intervention, which helps make the right decisions. Those who want to invest through AI can choose property objects faster relying on data analysis and predictive analytics.
The benefits of using predictive analytics in commercial real estate cannot be overestimated. AI opens new conditions for all market participants – both brokers and investors.
We believe AI tech will soon be a common and widely used instrument that will eventually transform real estate.
The Axisbits team has a lot of experience in implementing real estate technology. We can develop first-class customized software for a project of any size. Check out our case studies, and reach out to us if you have any questions.
For a consultation on predictive analytics in commercial real estate, contact us and we'll call you back shortly.
What is machine learning predictive analytics? How do real estate technology companies use predictive analytics in commercial real estate?
7
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Perhaps the most sensational industry in recent years in the field of IT technologies is artificial intelligence. Developers began teaching the system to "understand" human language as soon as the first PC was invented by integrating words into binary code. And after several decades, computer autonomously studies the actions and behavior of a person, trying to learn how to do everything that people are capable of.
Today, the amount of data generated by people is so vast that the normal human brain is practically powerless when it comes to processing an intense stream of information - we simply do not have time to study even those the most important bits and pieces. This is where artificial Intelligence in education helps optimize the learning process for students and greatly simplify the work of teachers at the same time.
AI plays an important role in the implementation of personalized education - the adaptation of the educational process, its content, and pace for the specific needs of everyone. The adaptation of the teaching process for a specific student will be differentiated at a level that is impossible for teachers that have to work with 30 or more children in one group.
Artificial intelligence may determine the level of a student's knowledge, as well as the complexity of the tasks for their ability in order to give an accurate assessment and figure out where gaps have been identified. In the course of training, the system even analyzes the expression on the student's face in order to understand which topics are interesting and which cause difficulties.
Most researchers consider the participation of teachers in education to be indispensable, but despite this, many changes still occur in the work of teachers and teaching methods.
The future will combine artificial intelligence technology solutions and the knowledge of teachers, which will subsequently become a big leap forward in the effectiveness of education. Technologies will be based on artificial intelligence and machine learning.
The benefits of learning with AI are numerous. Modern teachers will agree that learning in our reality simply must be supplemented by technology. The use of AI significantly reduces the time spent on checking homework for teachers and helps focus on an individual approach to each student.
The technology opens up round-the-clock access to the training course, which allows students complete assignments at any time convenient for him. The support can be provided via the online chat where the algorithm using AI will immediately analyze the question asked and answer it within the shortest terms.
AI significantly reduces the administrative work for teachers and helps automate tasks such as assigning grades, providing quick answers to students' frequently asked questions, and more. By reducing admin work, teachers can spend more time learning. On top of that, artificial intelligence is improving e-education based on differentiated teaching methods.
Individualized AI-powered apps may use the appropriate technological resources and monitor the progress of students in the learning process. A variety of teaching and learning styles do not always work together, the ability to change the curriculum in individual classrooms helps teachers create the best approach for each student.
Today, a person can quickly find the information they need. Smart tech is based on the collection of certain algorithms that analyze the text by keywords and adjust the filter to the necessary information. The system remembers your queries in search engines and then uses it to set up specific advertisements based on the saved materials.
For instance, you wanted to buy a new smartphone of a certain brand, looked at different online stores, and then an advertisement popped up with a large number of offers for this product. Have you noticed this? This technology uses artificial intelligence that has been trained for personalized data selection.
Among the advantages of AI in education is a convenient way to interact with all sorts of information. AI makes any search simple with a list of relevant topics in school and academia.
Most students are familiar with the system of trial and error methods, the very thought of failing is demotivating in achieving maximum results and studying any scientific field. Artificial intelligence will become a friend and helper in the fight against the fear of getting a bad grade.
AI selects the most convenient program with respect to the individual level of training, which will be comfortable during the passage, thereby increasing the effectiveness of training will be monitored.
Teaching students outside the classroom will make it possible not to miss stuff during their absence from the university. AI solutions benefits also save teachers time by using chatbots and virtual personal assistants. Which, in turn, work as "reference points", connecting algorithms for finding information by keywords.
Artificial intelligence-based curricula help students master basic skills. With the active contribution of developers, artificial intelligence will develop and deepen into different areas, providing students with a range of services according to their interests. In just ten years, education will look completely different.
If you follow global trends, you have probably noticed that personalization technology is included in absolutely any existing area. Undoubtedly, the advantage of artificial intelligence is the ability to train autonomously to perform a long list of tasks, as well as to draw up an individual approach to everyone and everything.
The decision to integrate AI with education allows connecting a set of tools suitable for the specific needs of students and teachers. Programmers at the leading artificial intelligence development company Axisbits and STA strive to improve the capacities we have today.
Highly qualified employees use AI to develop the most profitable strategy for the development of the training plan. Contact us and make life easier for yourself and your students!
Advantages of AI in education – learn how AI helps revolutionize the usual way of providing high-quality education and more.
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Axisbits Climbs the Game-Changer Ranks on Clutch
Axisbits is a top-notch technology company that's dedicated to designing, developing, and delivering cutting-edge solutions to businesses across the globe. For many years, our team has strived hard to consistently showcase our unparalleled commitment and service to our clients.
Throughout the years, we've had the amazing privilege of working with incredible clients that helped mold us into becoming the formidable team that we are today. It's because of their trust that we're able to establish Axisbits GmbH on Clutch, a B2B review and rating website from Washington DC. For further context, the platform is the go-to resource dedicated to publishing data-driven content encompassing the information technology, design, marketing, and business services spaces.
Because of the five-star reviews we've earned, Axisbits GmbH was listed among the game-changing cross-platform app developers on Clutch. The honest testimonials and reviews provided by our clients prove the quality of our work and helped highlight our drive to deliver the absolute best solutions.
In honor of our game-changer rank, we proudly share some of our newest reviews on Clutch here!
"With the help of Axisbits GmbH, we managed to develop everything needed and be prepared for the event. They helped us with all aspects of the development. Since the initial project, we have been working with Axisbits for several years, constantly evolving our software. They aim for a long-term relationship, and we value that." — Managing Partner, Holiday Sale Organizing Firm
"The platform received good reviews, and a new loyalty reward program helped attract customers. Axisbits has gone to great lengths to meet all needs, and their experience and flexibility have contributed to a long-term partnership." — CEO, Construction Company
Thank you so much to all of our wonderful clients! Your empowering trust fuels us. We are eternally grateful for your support and appreciation.
Those quotes just give a glimpse of what we can do for you. Interested in working with a team that can serve as your long-term partner? Here at Axisbits GmbH, we will always have your back. Connect with us and let's work together!
Discover how Axisbits climbed the game-changer ranks on Clutch with their cutting-edge solutions. Read honest testimonials from satisfied clients and find out why they're the top choice for businesses worldwide. Connect with Axisbits GmbH for a long-term partnership today!
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If you're a business owner, you know that having the right software can make a huge difference in your daily operations. Off-the-shelf solutions may work for some companies, but they often don't provide the customized features and functionality that businesses need. That's where custom software development comes in.
Custom business software is designed specifically for your business and its unique needs. It's not a one-size-fits-all solution like you might find in a store or online. Instead, it's tailored to your business, your processes, and your goals. This means that you'll get a solution that works exactly how you want it to, and that can evolve and grow along with your business.
One of the biggest advantages of custom software is that it can streamline your operations and make them more efficient. If you have a lot of manual processes, or if you're using multiple software programs that don't integrate well, custom software can help you bring everything together into one cohesive system. This can save you time, reduce errors, and improve overall productivity.
Another benefit of custom business software is that it can be designed to integrate with other systems and tools you already use. For example, if you have a CRM or accounting software that you rely on, custom software can be designed to connect to these tools and exchange data seamlessly. This can save you even more time and make it easier to get the information you need.
So, if you're looking for a solution that will help your business run more smoothly and efficiently, custom software development may be the way to go. And if you're interested in learning more about how custom software can benefit your business, we're here to help. Contact us to discuss your needs and learn more about how we can help you develop the perfect business software solution for your company.
Are you tired of using off-the-shelf software that doesn't quite fit your business needs? Custom business software can provide the tailored solution you need to streamline your operations, save time, and improve overall efficiency. In this blog post, we'll explain the benefits of custom software development and how it can benefit your business. Contact us to learn more about how we can help you develop the perfect custom software solution for your company.
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The use of cloud automation and orchestration tools for business processes will provide your business with a lot of competitive advantages, such as lower costs, increased productivity, and, ultimately, a great prospect for further business scaling.
The use of a cloud guarantees consumers sufficient computing power and great functionality at the right time, while the cloud pool of cloud testing automation tools is very abstracted from the user.
Cloud automation has a lot of benefits:
When choosing the best cloud automation tool, you should focus on potential risks such as:
What cloud automation use cases will be the best solution for your business? It all depends on your desires based on the current state and goals of your company. In any case, the choice is between:
In this format, the cloud service provider manages not only technological equipment but also software, including all auxiliary infrastructure.
This is the complete opposite of a public cloud. In this format, all the computing resources of your company can only be used by employees who have proper access to the database.
Private cloud clients also get all the benefits of a public cloud:
In addition to this, private clouds have the highest level of protection for sensitive data, since they are inaccessible to public traffic.
This is a synthesis of public and private clouds that are applied together and have a common database technology. All confidential information is stored in a private cloud. Public servers are used to work with the customers. This format provides the most flexibility of the infrastructure and reliable protection of confidential information.
Ready to take advantage of cloud technology? We are ready to provide you with any assistance – from consultation to cloud computing web development. Contact us at any time and we will immediately answer all your questions.
Business benefits of cloud computing. Potential risks of using cloud systems tools. Cloud automation use cases
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Remote education is rapidly progressing. In such conditions, the main problem is the timely provision of students with high-quality educational material. But yet another challenge is to identify new, often hidden, relationships between Big Data in eLearning and new knowledge (data mining) that can be used to improve the educational process.
These tasks cannot be solved without analyzing the huge flows of information from the participants in the educational process. A large number of different types of data is difficult to process without modern learning analytics tools.
Against the background of the rapid tech development, the education system cannot remain unchanged. And this system generates immense amounts of data. That data can help you capture a complete picture of the performance of each student, their difficulties and preferences. Specifically, the e-learning environment helps acquire the following types of data:
With big data, you can observe students' work scrupulously and track:
This data helps to understand the real patterns of student behavior much more accurately. In the context of providing e-learning programs and improving their management, this is of great importance.
The use of technology makes it possible to improve the quality of education, predict user experience scenarios and take action. Predictive analytics gives an objective picture, helps to understand what may happen in the future, and timely optimize the learning process. Knowing the behavioral habits and preferences of students, it is easier to manage the process. You are enabled to identify underperformers and react faster to poor performance.
Other advantages of the technology also include:
With this information, training programs can be adjusted to make them more attractive and effective. It will be easier for you to predict academic performance before the start of training. You can start parsing data immediately after completing the course, identify trends, and draw conclusions about the prospects for further initiatives.
Experts believe that by 2025 the global volume of big data will grow to 175 zettabytes. This is 26 times more than in 2013! Thanks to technology, there is a unique opportunity to improve corporate training programs and boost the quality of employee education. Companies get the tools to deliver personalized and adaptive training programs. They are changing the approach to learning and development, challenging traditional planning principles.
The use of this technology by HR professionals has become a widespread practice, and it will become the norm for companies in the short term. The most important thing in this process is proactively identifying the training needs of specific employees or teams, as well as providing guidance on when and how they should complete a new training course.
For developers of tutorials and courses, the information that they can get through analytics is important. According to forecasts, by 2026, the global e-learning market will exceed $330 billion in total shares, and the global learning analytics market will grow to $57 billion by 2030 at an average annual growth rate of 15%!
With personalization, learning becomes more personal. We will be able to select our own program for each, give a separate homework, and also provide a check on the assimilation of the content. The method of working in groups will also be different: at Harvard, already now, in one of the courses, students with different answers to the same task are paired up so that they can come to a single solution, defending their point of view in the process of finding the right answer. Students will receive detailed guidance on various topics and have an expanded information space.
The system will select the best places for future students, and by the end of the course, everyone will have a digital portfolio that will help graduates-specialists navigate the labor market, and employers - in the selection of specialists.
The e-learning sector has come to the point where there is no difference between remote and traditional learning. Infrastructure and software solutions have been created to effectively use big data and the latest visualization methods. All this simplifies data processing decision making, financial planning and performance monitoring. Big data allows you to save the learning experience, gives a picture of the learning of each student.
For innovation to become a "natural" part of education, recognized methodologies must be used. If this task seems difficult for you to handle on your own - contact us to hire big data developers with in-depth expertise and experience. We will help you create a productive LMS based on the concept of big data and your own authoring tools of choice.
Tech innovations are fundamentally changing the perception of remote education. Explore Big Data in eLearning and boost the efficiency of your LMS.
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The advent of Industry 4.0 has not only brought forth a plethora of technological novelties that revolutionized our lives. It has also brought the whole planet together into a global community where businesses have access to the worldwide pool of talents. The IT industry that is a trailblazer of the majority of novel trends in the early third millennium is making extensive use of outsourcing practices that turned employing an affordable first-class software vendor into a cakewalk. However, there is a flip side to this gold coin too.
The contemporary software outsourcing market is rich in vendors that offer their services to all and sundry. Most of them are solid firms able to satisfy the customers and deliver a viable product on time. Yet, there are some unscrupulous actors whose ultimate goal is to get money from you whereas the quality of the solution is only an afterthought with them. So, how to choose a software development company from the first category and not fall with anyone from the second?
While deciding on a partner to implement your IT project, you must go through the following list of steps.
This is the point of departure in your selection journey. Unless the developers in the company you want to hire possess the necessary knowledge and skills to tackle the end-to-end process of creating your software project, it will be a total failure. So talk to the vendor's representative or check the company site.
Every field has its own nitty-gritty peculiarities so building an e-commerce site is quite different from developing an e-learning solution or a ridesharing app. Each of them presupposes employing a special tech stack, workflow algorithms, and data protection measures. Your potential partner should be competent in the domain to which your project belongs otherwise it will take them eons to get the hang of things. How can you know it? Peruse their portfolio and blog to see whether they are a good fit.
If a company has plenty of successful projects under its belt it is sure to mention it publishing testimonials of its former employers. You can also communicate to their customers to discover whether they have something to add to what the vendor's site quotes.
Another helpful qualification parameter is various ratings by international agencies or professional rating sites. But be careful to trust only reliable references such as Clutch or GoodFirms.
In the IT outsourcing realm, there are three basic models of payment that condition the form of cooperation between the stakeholders: time and material, dedicated team, and fixed price. A mature company must be able to offer any of them for you to choose from, depending on your personal preferences and the specifics of your project.
Not a single customer wants their data to be compromised but in some spheres (such as banking or e-health) financial and personal data security is mission-critical. Your prospective vendor must make clear how the information you will share with them is going to be protected and whether they comply with NDA practices.
You must speak one tongue with the vendor of your choice. And not only linguistically, although proficiency in English or any other language convenient for all stakeholders is a must. It is also about sharing the same values, work ethics, corporate culture, and approach to performing tasks. Moreover, the outsourcer should be ready to meet their client halfway and negotiate mutually satisfying terms.
If you are going to hire an IT company from another hemisphere it is vital to determine a collaboration pattern and schedule that would allow for the overlap to perform a status check and give/receive feedback. When the nature of your project requires constant or at least frequent interaction, it makes sense to select the vendor from a region with minimal difference in time from yours.
For remote collaboration to bring success, communication is crucial, otherwise, the project is doomed to defeat. You should take care there is a two-way communication channel open for regular sessions so that both sides can be always in the know of what is going on and what is going to happen next. And if there is any need for corrections, a system of emergency calls should be envisaged. All the more so as contemporary state-of-the-art technologies give plenty of opportunities for vibrant communication, no matter how far partners might be located.
It is true that in some regions (like Eastern Europe or South Asia) hourly rates of software outsourcing companies are much lower than in North America or Western Europe. However, if a vendor offers their services at lower than $25 per hour the huge odds are that the quality of the solution will be rather poor.
The same consideration refers to the promises to deliver the final product within an unreasonably short time. Well, it can be done, but how can you expect adequate performance from software that was built in a rush?
Outsourcing custom software development is a viable strategy that allows customers to obtain a top-notch product at an affordable price. However, choosing a qualified and reliable vendor is quite tricky, so you must take into account many factors to hit the bull's eye. Axisbits ticks all the boxes to be such a partner for you so contact us to commission a software project of any complexity.
Read our tips on how to make the best of IT outsourcing and find a reliable software vendor that will build a high-quality solution at an affordable price.
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2021 is already coming to an end, and just like every other year, it has been marked by both challenging and positive moments. Let's welcome 2022 and hopefully all the great things it will bring by remembering a few articles we're most proud of.
Here's your chance to catch up on some meaningful topics that some of you might have missed out on. Our list contains five highly informative publications ranging from the newest healthcare technology trends to front-end development outsourcing.
Whether you're thinking about implementing any of the advice mentioned in these articles or just curious about the graceful cooperation of business, technology, and development - we're here to help you with our top picks.
It's been almost two years since the global pandemic has changed the way we approach and view remote services. Health tech solutions are no different. What was before a necessity only to some became a fundamental need for all of us.
Numerous revolutionary solutions in business and technology permeate the medical sector to help diagnose and treat patients more efficiently, relieve pain or help medical students study while also increasing overall productivity, which is beneficial for the business-like side of the industry.
Learn how to use such trendy technological advances as big data, augmented reality, and artificial intelligence in the medical industry and how they help to shape our future today with this enlightening publication.
E-learning is not a new concept. However, not everyone knows how this form of streamlined education can help businesses successfully grow and evolve by making sure your employees are well-informed and accomplished in their professional lives.
This type of learning has many advantages. Not only is it more cost-effective and productive than old methods of onboarding, but it also solves the eternal struggle of organizing lessons while having different people study at a different pace and any time they want.
This article is also going to help you if you want to develop an e-learning website yourself by providing you with a little push you needed to actually get on with the project.
Some may think a promising idea is the only thing a new business needs to find a partner or a potential investor. Yet, a vague understanding of business processes and a heartfelt promise of a prosperous and profitable future endeavor are understandably not enough.
To successfully pitch your startup to your potential investors, you'll have to present them with a few key business metrics. And you'll have to read the article to find out which ones. We're not going to spell them out for you here. This list acts as both a motivation and an enticement.
You'll also find out a few common types of startup funding and how they differ by both their processes and impression tactics. Plus, we'll tell you a couple of tips and tricks for your first meeting with investors.
In the modern exceedingly competitive business environment, numerous companies, regardless of their size and industry, are constantly trying to up their efficiency game. One of the ways to do that is to implement an enterprise resource planning system.
A fitting ERP system grants multiple possibilities of boosting the company's internal ecosystem by modernizing workflows and automating many important business processes, such as procurement, inventory, client management, etc.
Take a look at the article to discover how these solutions take care of routine tasks and also provide you with valuable insights through their informative reports.
Sometimes managing a whole in-house IT department can get too costly. This is when outsourcing comes to the rescue. It has many reasonable benefits, which are all mentioned in our publication.
With front-end development, it's all about choosing the right partner and contractor. Learn what to look at when choosing a development company and where to find one. Do you know where one of the most rapidly growing technology markets is currently located? We do.
After reading our article, you'll also discover the needed tech stack and the most sought-after skills in the front-end these days and how exactly they help bring your projects to your customers.
We hope you liked this list of our best articles this year. Which topic was the closest to your heart? We'd like to hear your feedback. If you're also nurturing an idea of a project to create in the upcoming year and looking for the best company to fulfill it - contact us following this link and tell us all about it.
Read our list of the top 5 best Axisbits articles to celebrate the end of 2021 and the beginning of a new year.