restb.ai Blog Unlocking AI Confidence Scores for Accurate Real Estate Valuations

Proptech is currently experiencing a data revolution. Recent advancements in AI have resulted in unprecedented levels of new information, while insights that were once mere ideas, such as a standardized analysis of every property’s condition or quality, are now widely available.  However, with great power (or great quantities of data), comes great responsibility. As these data sources are being widely used in pricing models and purchase decisions, it is paramount that they are reliable, accurate and explainable.  Companies must be able to trust AI and understand when its predictions should be treated as facts versus a best educated guess. That’s why we created the industry’s first AI confidence scores designed to provide explainability of a property’s photo-based condition and quality. Now, our clients will be able to easily differentiate between a robust score coming from a property with clear photos of all the major areas of a property, and a more uncertain score generated from a single blurry photo.