October 30, 2024
JLL has released a suite of software services that claim to be the “first comprehensive, ultra-secure AI platform for the commercial real estate industry.”
The platform, called JLL Falcon, combines market data, business trends, JLL’s proprietary market research and intelligence with generative AI models, making insights easy to extract.
The model can use this data to, for example, analyze space usage data and suggest better layouts, or use market data to inform supplier negotiations for office supplies and services.
JLL Falcon will also be used to inform JLL’s own large language model JLL GPT. Launching in August 2023, JLL GPT is the first major language model built specifically for the commercial real estate industry, allowing JLL’s facilities managers to ask questions in natural language, with the AI returning data-driven answers. Since its launch, more than 47,000 JLL professionals have used the tool.
“We have had great success putting breakthrough AI capabilities in the hands of our CRE professionals to extend and strengthen their unparalleled expertise,” said Yao Morin, Chief Technology Officer of JLL. “JLL Falcon will build on what we have already achieved and unlock even more customized, AI-based solutions that help shape the future of real estate for a better world.”
Mihir Shah, CEO of JLL Technologies added: “JLL Falcon will serve as the foundation for the continued innovation of products and services that help shape the CRE industry. The platform combines JLL’s extensive expertise with some of the most advanced technologies available today, transforming the way we work and paving the way to deliver better results for the benefit of our people and our customers.”
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Article written by Ella Tansley | Published on October 30, 2024
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