The Word

Keep checking out the Word to help decipher proptech terminology…

 

ar·ti·fi·cial in·tel·li·gence

Artificial Intelligence: is the simulation of human intelligence processes by machines, especially computer systems.

ma·chine learn·ing 

Machine Learning: is a type of artificial intelligence which provides systems the ability to adapt, learn, change and improve without the need for human intervention.

API

API: Application Programming Interface or API is a group of protocols, tools, and routines for building and creating software. API specifies how software components should interact.

build world / built world

Build World / Built World: is the entirety of construction, real estate, infrastructure, public space, residential, retail, and office buildings that comprise the whole built environment.

cloud com·put·ing

Cloud Computing: means storing and accessing data and software over the internet as opposed to your computers hard drive.

ESG

ESG: Environmental, Social and Corporate Governance (ESG) refers to the three central factors in measuring the sustainability and ethical impact of an investment in a company or business.

prop•tech

Proptech: in its simplest form, is technology related to the Built World.

 

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