How AI Can Drive Diversity in CRE
AI presents a significant opportunity for promoting diversity in commercial real estate (CRE) by enabling women to close skill gaps and advance their careers. According to a CREW research survey, artificial intelligence in commercial real estate can enhance hiring practices by mitigating unconscious bias in recruitment and promotion. AI-driven hiring practices in CRE can identify areas where gender and diversity gaps exist, fostering inclusivity in workplaces. Additionally, AI supports professional development by creating personalized learning opportunities, automating repetitive tasks, and allowing professionals to focus on high-value, client-facing activities. These advancements not only increase efficiency but also help promote diversity and equity in commercial real estate.
Men Are Adopting AI Faster
Despite the potential of AI and diversity in CRE, men are adopting the technology at a much faster pace. The CREW survey reveals that 63% of men have a functional understanding of AI compared to only 45% of women, and nearly half of men are eager to utilize AI technologies, while fewer women share this enthusiasm. Concerns surrounding AI reliability, transparency, and unintended consequences contribute to this slower adoption rate among women. Experts stress that women should leverage AI to free up time for strategic and leadership-focused tasks. With AI projected to create a net increase of 58 million jobs globally, its adoption can significantly empower women in commercial real estate to take on more impactful roles.
Ensuring AI Supports Diversity in CRE
For AI to effectively promote inclusivity in real estate, it must be developed with input from diverse perspectives. AI-driven hiring practices in CRE depend on unbiased programming, which requires equal participation from men and women during pilot and implementation processes. Promoting inclusivity in real estate with AI also means encouraging women to actively engage with these tools, building trust and confidence in their capabilities. Companies that prioritize diversity and equity in AI development will achieve better outcomes overall, ensuring that AI serves as a powerful catalyst for advancing diversity in commercial real estate.
Source:https://www.globest.
