Built to Perform

Built to Perform with James Hallworth – Ep.5: Stephen Walker on AI and Real Estate Transformation

Built to Performe

In this episode of the Built to Perform podcast, James Hallworth sits down with Stephen Walker, Head of AI and Technology at Aberdeen Investments. Stephen shares his journey from asset management to leading AI initiatives, emphasizing the importance of optimizing business processes before applying AI. They discuss the challenges and opportunities in integrating AI in real estate, the role of technology in achieving sustainability goals, and the cultural shift needed to embrace innovation. Stephen highlights the potential for AI to enhance efficiency, improve decision-making, and foster better human relationships within the industry. This insightful conversation offers valuable perspectives for anyone involved in real estate, technology, or investment management.

00:00 Introduction to AI in Business Processes

00:27 Meet Steven Walker: Head of AI and Technology

00:54 Steven's Journey from Real Estate to AI

03:21 Challenges and Innovations at Aberdeen

05:25 The Role of AI in Real Estate

07:32 Cultural and Structural Changes in AI Adoption

13:07 Building a Unified Data Platform

16:23 Communicating AI Initiatives

19:53 Immediate Wins with AI in Investment Management

22:06 Empowering Human Relationships in Real Estate

22:34 Landlord-Tenant Dynamics and Data Sharing

23:34 Sustainability and Green Clauses in Leases

24:26 Challenges in Data Collection and Tenant Cooperation

28:07 The Role of Technology and AI in Sustainability

30:10 AI's Impact on Capital Allocation and Investment

31:41 Future of Office Spaces and AI Integration

37:02 Skills for Future Asset Managers

38:59 Evolution or Revolution in Commercial Real Estate?