The Word

Keep checking out the Word to help decipher proptech terminology…

 

ar·ti·fi·cial in·tel·li·gence

ärdəˈfiSHəl inˈteləjəns

noun

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

ma·chine learn·ing 

məˈSHēn lərniNG

noun

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

API

acronym

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

bild wərld / bilt wərld

noun

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

kloud kəmˈpyo͞odiNG

noun

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

ESG

acronym

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

präptek

abbreviation

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

 

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