Through AI innovation, virtual reality is changing how new commercial real estate is launched

Artificial intelligence (AI) will be gradually entering a variety of industries during this next decade, as innovation has been boosting the commercial real estate (CRE) business. It is expected that AI reshapes the way many daily activities are performed, both internal and external. Technology has already changed the way sites are surveyed, how walls are placed and how projects are sold; customers can see their projects alive in 3-D representations with full interaction before they’re ready to be built. AI, along with virtual reality (VR) applied to real estate, will be taking casino designs and construction to the next level.

“From our perspective, the technology that we’re seeing internally and externally is different. Internally, how we present our work to our clients has changed drastically over the last several years. We’re generating 3-dimensional digital representations of our work, allowing our clients to better see what they’re going to get before we design and build it,” says Ed Vance, the founder and CEO of Ed Vance and Associates.

The newest design presentations include the use of a VR device in which casino companies can get a true feeling of the future facilities and make desired changes as needed. “We have to make decisions as we design our buildings from not just the size, the shape, the feeling, the volume, but the finishes, the colors, the materials,” said Vance. “So, we are able to scan and digitize those things into our models, so they really are seeing virtually – and I use that word almost literally – what they’re going to get.”

For gambling companies whose mission is to deliver the best client experience possible, those changes are dramatic. Technology has changed the customer’s role in which they no longer have to adapt to what the market offers and can be more active in deciding what is wanted. A project can also be presented in full 3D models that be manipulated and explored for the customer’s satisfaction along with the newest software – such as Revit – for real estate that is making the job easier for all professionals involved. Data gathering from design professionals, architects, builders, and contractors can offer a resource for all parties to worked in sync to deliver to the customer the desired product.