Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Ad Hoc CRE 2024
22 slides from Inventrust Properties's conference presentation, Jun 12, 2024
Slide 1: Ad Hoc CRE 2024 Platinum Sponsor Presentation
AD HOC CRE 2024 CHICAGO, IL PLATINUM SPONSOR PRESENTATION JUNE 12, 2024 Karen Sweet Managing Director Real Estate Operations Practice Lead Accenture Operations
Slide 2: Agenda
Agenda 01 What is Generative AI, how does it work, and why does it matter? 02 AI’s impact on Commercial Real Estate Finance, what value it brings 03 AI in action 04 How to get started
Slide 3: What is Generative AI, how does it work, and why does it matter?
1 What is Generative AI, how does it work, and why does it matter?
Slide 4: Setting our foundation
4 Setting our foundation There are fundamental differences between RPA, ML and AI. So, what are we talking about? Robotic Process Automation (RPA) / Rule-Based Artificial Intelligence (AI) Automation • Focuses on automating repetitive, rule-based tasks • Aims to simulate human intelligence and decis
Slide 5: What is Generative AI?
What is Generative AI? Generative AI is a type of Artificial Intelligence that can create new text, images, video, audio, code or synthetic data. Initial focus to lay The evolution in analytics, machine learning, and AI Growth and value the foundations potential to mature Descriptive Diagnostic Pred
Slide 6: Why does it matter?
Why does it matter? The advances in foundation models is revolutionizing how & where enterprises can use AI, leading to growing & sustained value Productivity Boost Cost Optimization Opportunity Equalizer Creativity Unleashed 10 % 30 % 30 % GLOBAL GENERATIVE AI MARKET SIZE $118.06 2022 TO 2032 (USD
Slide 7: AI Solution: What it could look like
7 AI Solution: What it could look like Streamlined digitization, from receiving to reviewing to generating results Receive Review Generate Results Ingest any structured and Leverage core AI technologies Leverage AI models trained on specific use case unstructured text-based data • Optical Character
Slide 8: AI for Commercial Real Estate Finance - what value it brings
2 AI for Commercial Real Estate Finance - what value it brings
Slide 9: AI in the news – the good, the bad, and the ugly
AI in the news – the good, the bad, and the ugly Real Estate Industry Increasingly Relies on Artificial Intelligence’s “Bad Artificial Intelligence Data” Problem for Real Estate ANDRIA CHENG | APRIL 04, 2024 Investment More than three quarters of senior IT HANNAH MIET | MAY 09, 2024 leaders at compa
Slide 10: Using AI in Commercial Real Estate
Using AI in Commercial Real Estate Organizations are planning for or deploying AI in various critical areas of the business Investments Customer Experience Development & Finance & Construction Accounting
Slide 11: Generative AI and the Future Of Finance
Generative AI and the Future Of Finance The Finance function will witness Reinvention of different roles with Generative AI ▪ Foundational models, are poised to trigger a system solution change for all functions, including Finance – Generative AI and Foundation models can unleash the changing the co
Slide 12: Bringing It All Together To Maximize Benefit
Bringing It All Together To Maximize Benefit Talent Finance as a Finance Professionals as Capability Digital Finance Non-traditional Value Architects Finance skills Data Socialization 4th GEN: Data Digital Enablement Federated, GenAI Harmonized Data Adoption 3rd GEN: Accounting & Business Finance Pa
Slide 13: Common Operational Challenges
Common Operational Challenges Struggles with Time-consuming and Keeping up with integrating data from error-prone manual changing Complex and labor- various sources data entry and regulations and intensive financial leading to inaccurate processes. compliance reporting. data affecting requirements.
Slide 14: Revolutionizing Every Corner of Finance
Revolutionizing Every Corner of Finance Unlock 50+ Gen AI use cases across Finance Finance & Accounting Operations Financial Planning & Analysis Procure-to-Pay Order-to-Cash Record-to-Report Strategic and Long-Range Plan Management Reporting • Invoice workbench: improving • Customer Credit Advisor •
Slide 15: AI in Action
3 AI in Action
Slide 16: Example - Gen AI in action in Finance
Example - Gen AI in action in Finance Accenture created a Gen AI model to create invoices after analyzing contracts with unique terms, resulting in a 40% reduction in manual processing efforts A finance team manually Introduced an LLM-based AI generates thousands of solution that fine tunes the invo
Slide 17: Piloting GenAI for a CRE client
Piloting GenAI for a CRE client Lease Contract Processing & Rent Roll Comparison with Generative AI Business Challenge Currently it takes significant manual efforts (~120-150 mins per property consisting of ~30 tenants) to review monthly rent rolls from ~400 property managers (all in their own uniqu
Slide 18: How to get started
4 How to get started
Slide 19: How to get started?
How to get started? Everything starts with valuable use cases Dream Big! What can be done right now? • What would help people the most? • What would help the world the most? Do we have the • What would really move the needle? • What annoys you the most? • Meet with Gen AI Experts data? • What part o
Slide 20: Guiding Principles as you start
Guiding Principles as you start Embrace the potential power of Generative AI by considering six adoption essentials Dive in, with a Take a people- Get your Invest in a Accelerate Level-up your business-driven first approach proprietary sustainable tech ecosystem responsible AI mindset data ready fou
Slide 21: So…what will YOU do next?
So…what will YOU do next? What is ONE thing you can do in the next week to accelerate to clarity in your organization? Do Who do you need to hear from and engage in your organization? Hear What do you want to see in your team’s future? See Copyright © 2024 Accenture. All rights reserved. 21
Slide 22: Q&A
5 Q&A