On Jun. 29, the ‘Science and Technology Innovation Board Forum and Capital Operation and Listing Advanced Training Class Opening Ceremony’ was held in the Nobel Prize Presentation Hall of the Yifu Science and Technology Building at Fudan University

News from www.sh.chinanews.com.cn on Jul. 3 (Lu Miao) ‘Using AI and Internet of Things technology to increase asset value for commercial real estate is a new track, and new technologies have just been applied in this field.’

On Jun. 29, the ‘Science and Technology Innovation Board Forum and Capital Operation and Listing Advanced Training Class Opening Ceremony’, sponsored by the School of Economics of Fudan University, organized by the Fudan University High-end Talent Education Development Research Center, Fuyuanhui Accelerator, and supported by the National Research Think Tank, was held in the Nobel Prize Presentation Hall of the Yifu Science and Technology Building at Fudan University, Hailang Liu, a student of the training class and co founder of Shanghai Shazamtech Co., Ltd. (abbreviated as ‘Shazamtech’), said in an interview on site.

In most cases, traditional commercial real estate asset management is based on human experience. Asset management is a non-standard process management, and the results of management depend on the operational ability of the asset management team. The dependence on people is relatively high, and human energy is limited, and many details cannot be achieved to the extreme. The application of IoT technology and AI technology can make up for the shortcomings of traditional asset managers in this area, improve asset management efficiency and asset value. The capital intensity of commercial real estate is very high, and the asset value of an office building in Shanghai may involve 1 billion or 2 billion RMB. As long as the asset value increases by 1%, the economic benefits are very significant.

After discovering this blue ocean market, Hailang Liu formed a team and began to devote himself to it. The core team members came from technology experts in the field of banking and financial system research and development and partners at Silicon Valley Technology Hardware Entrepreneurship Company in the United States. ‘The current market competition pattern has not yet formed, and there is no real enterprise that has become bigger and stronger. Most of the entrants have transitioned from the internet to develop digital software that goes beyond Excel spreadsheets. But there are very few companies that focus on using AI and IoT technology to provide technological asset management solutions for commercial real estate owners, directly improving asset value. Our team has obvious advantages in product information security, technology feasibility, and application scenarios.’

Hailang Liu, Co-founder of Shanghai Shazamtech Co., Ltd.

So, how does Shazamtech empower commercial real estate asset management and enhance its value? Hailang Liu stated that our technology application solution will directly increase the NOI (Net Operating Income) of commercial projects. For example, in a scenario where our tenant management algorithm has automatically and intelligently determined which tenants may need to withdraw and expand their leases midway, this greatly reduces the rental losses caused by rent evasion and empty leases; It can also allow homeowners to intervene in the early decision-making of tenant site selection during the high-speed expansion period; The value brought by this will be directly reflected in the financial statements of asset management revenue. Taking another scenario as an example, we provide a solution for the application of facial recognition technology in the field of commercial real estate, improving the office experience of tenants in office buildings and the management efficiency of office buildings. We provide technical solutions for professional developers or commercial real estate funds to carry out urban renewal and renovation of old buildings. This will directly increase the rental face value of commercial real estate assets and also directly affect the asset value that asset holders withdraw from. We help commercial real estate developers establish their own project digital assets to better welcome the era of artificial intelligence in commercial real estate.

Hailang Liu said, ‘For commercial real estate owners in asset management, using technological means to improve asset value is a huge and exploitable gold mine. However, the development and application of emerging technologies require a large amount of capital investment and high technical barriers. This is like a river, blocking the path of gold mining. And Shazamtech is willing to be a ferry, providing technical output for professional commercial developers, customizing technology asset management solutions, helping professional developers seize the opportunity of technology asset management, avoiding detours, and striving for higher returns.’ (End)

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