By PYMNTS | March 22, 2024

PropTech startups, harnessing the power of technology, are helping to accelerate change in real estate practices, offering innovative solutions tailored to the evolving needs of buyers, sellers and investors.

Platforms like FoxyAI, for instance, are leveraging artificial intelligence (AI)-driven computer vision, machine learning, and data science to convert property photos into actionable data, as part of efforts to revolutionize the buying, selling, planning and visualization processes in the sector.

In a recent interview with PYMNTS, FoxyAI CEO Vin Vomero acknowledged the perception that the real estate sector has historically been slower to adopt technology. However, he emphasized that industry players have rapidly embraced the potential of AI, indicating a notable shift in mindset toward technology.

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