How Does Computer Vision Help You to Buy a Property in Pakistan?

Artificial Intelligence has paved the way for many businesses to offer more solution-centric solutions. One of the recent inventions of AI is a system that can perform visual processing and recognition on digital assets – videos, images, text. It has large-scale applications varying from industry to industry. For now, we are limiting it to buying a property in Pakistan.

Since the advent of modern technologies, we are continuing on a betterment, accessibility, and agility journey. We have created enough stacks. If implemented correctly, we can create an utterly complex system out of it. That system will have the power to carry out operations. Obtain results from those operations, and correct them on their own in case of any mistake.

The tech stack that I’m talking about will have the characteristics of the following technologies:

1. Artificial Intelligence.
2. Deep Learning.
3. Neural Networking.
4. IoT.

These technologies are so powerful that they can drive the world’s components for fifty years. And these are not any excessive numbers but are based on facts. Artificial intelligence can alone rule the world for many years to come.

Back to computer vision, its possibilities in real estate are endless. It can become a major disruptor in many ways, including property analysis, damage calculation, locality development, duplicate detection, visual similarities, caption generation, etc.

Experts suggest:

“The future of computer vision technology may be detrimental for some people. Because it can create and lessen more jobs in future.”

Therefore, it’s on us to make informed career planning if you’re going towards real estate. And our suggestion is the same for buyers. Using computer vision, buyers can list, assess, and manage properties more efficiently

Real Estate Visuals in Computer Vision?

The fundamental aspect of using computer vision is to enhance property images because of the requirements of the individuals. Even though it isn’t a very novel idea, it has been transformed beyond recognition since 1950.

According to a research conducted by Yoji Kiyota:

“Almost 80% of the property purchase will turn off if they don’t find an adequate vision of the property.”

Therefore it’s mandatory to add good images for your real estate to ensure better sales. Most online vacation rental organizations do have a system for using computer vision. Take an example of Airbnb; they use image visualization techniques to adequately point out objects in the picture uploaded by property owners.

A system on the backend creates a list of keywords by analyzing the picture. If the image is of a pool, then the keywords are water, pool, slides, or sunbathing chair. Then these keywords are attached to the image, and the system uploads them on the site. When tenants come onto the site and search for places with their pre-determined keywords. Like pool, then they will find images that have keywords water, pool, slides, or sunbathing chair related to them.

Using Computer Vision will act as a double-edged sword. From one end, it empowers buyers by transferring almost every detail about the residence. Moreover, from the other end, it helps the owner create a sustainable business by getting tenants in the minimum time frame possible.

Therefore, it is imperative to add only high-quality images to websites. So, that they can accurately judge to who to show your images. The changes and enhancements are happening rapidly, and one could potentially see the unfolding of the next big thing in real estate.

A Little More on Computer Vision

Using computer vision, people are beginning to see things that require calling and sometimes asking for a visit. Using images, one can observe things that have immense potential to alter buyer decisions. More things can be added to make the system more robust by implementing a few changes here and there.

In Pakistan, the use of this tool can help minimize criminal and absurd cases of property purchase.  This removes the buyer from going into the hassle of calling and asking for more details about the property. Using computer vision would streamline the rental process and saves quite precious time.

Similarly, the usage is not limited to real estate, but many industries are molding it for their benefit. The automotive industry uses this tech to identify objects that need to be fixed after production. Similarly, computer vision is beneficial for recording and identifying unlawful activities and criminals on the streets.

It is flexible for multiple usages within other industries. In addition, with the improvements over time, computer vision could replace the whole CCTV franchise for the better. Moreover, CCTV franchises and other industries will have a significant impact on it. In the field of microscopic sciences, it will have a lot to offer.

Application of Computer Vision in Different Sectors:

Some of the significant influences of Computer Vision in other fields are listed below:

1. It can detect the defects of products that were overlooked by human eyes. The machine can detect up to 0.05 mm of alterations.
2. It’s constructive in the field of metrology. The expertise includes precision management.
3. Computer Vision can be really beneficial in homes in the detection of intruders and thieves.
4. It will help read typographical logos, and one application can be OCR.
5. Using a combination of different techniques, we can use Computer Vision to optimize various changes in different areas.

And a lot of others.

Conclusion

Buying property in Pakistan is quite challenging for new investors. From the hectic documentation process to reaching owners over phone calls and other necessities are very cumbersome for laymen. Therefore, the implementation of Computer Vision on rental websites has the potential to save buyers a lot of hassle.

Unquestionably, what better is to make the technology self-improving? Yeah, the whole idea is based on the concept of deep learning. Over time, deep learning forces programs to learn from their mistakes and improve themselves. After 1-2 years, one will have absolutely no problem searching for a property in Pakistan.

In addition to property searching, it can also be beneficial for sellers. Sellers from all over the world are making changes that will be good for their capital investments.  Moreover, these changes when reflected larger audience have the power to change the whole dynamics of the real estate game.