How AI – beyond the buzzword – is driving usable insights in the short-term rental industry and further afield.
By Joe Ennis, Joseph Harding and Lachlan Haycock
Artificial intelligence (AI) is everywhere, enabling engineers to design solutions to some of the biggest problems of the day. But it can also help with time-intensive administrative tasks such as government compliance and much else besides.
The most up-to-date tools – machine learning, data analytics, statistical modeling – are being used by engineers to craft software that achieves a practical impact.
Take the rental compliance and monitoring software offered by the Australian company Deckard Technologies as an example. Its AI-powered product is designed to sift through massive amounts of data to provide usable insights for local government clients – and it’s not without oversight or robustness.
“To make sure that this process is resilient, we have an immense amount of data monitoring, data pipeline monitoring, making sure that if these data pipelines fail, we’ve got engineers that can go look at them pretty much immediately,” Deckard Technologies’ Co-Founder and VP of Data Science, Tony Moriarty, told create.
Read more: How AI is forever transforming the R&D process
For Ambarish Natu FIEAust CPEng, a member of Engineers Australia’s Select Committee on adopting artificial intelligence, key challenges need to be addressed.
“AI certainly has the capability to address regulatory burdens in crunching structured and unstructured data,” he said. “But certain challenges still remain. Understanding the broader context is quite important in terms of interpretation of the legal side and regulatory language around AI.”
To learn more about how the AI-powered platform works, and why these experts don’t believe the human element will become obsolete in the process, check out the video below.
Keen to explore AI in more depth? This webinar in March will explore the critical ethical concerns related to AI and the essential skills engineers must develop.
