‘PROPTECH’ Firms Angle for Riches in U.S. Real Estate Market

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New technology such as machine learning algorithms coupled with improved heating and cooling units that can be controlled by software helped cut electricity consumption at Rudin Management, a large New York landlord, by 41 percent since 2005.

Rudin’s Nantum operating system can now predict when to adjust building temperatures according to the flow of people leaving and entering a property because it stores information instead of dumping all the data at day’s end.

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