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JLL boosts data insights with new AI platform

By Sebastian Holloman
31 October 2024 | 5 minute read
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The new offering is set to expand JLL’s capabilities in data analysis and enhance the company’s decision-making across the commercial real estate sector.

JLL has announced the launch of its new artificial intelligence (AI) platform, JLL Falcon, which will leverage the company’s proprietary data to deliver insights aimed at saving costs, generating revenue and maximising returns.

Speaking on the new offering, CEO of JLL Technologies, Mihir Shah, highlighted that the new platform will transform how JLL operates and pave the way for the company to offer “enhanced outcomes for the benefit of our people and our clients”.

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JLL Falcon will utilise multimodal AI foundation models with advanced analytical capabilities to power a range of applications tailored to the corporate real rstate (CRE) industry, such as custom AI assistants.

The platform also combines a variety of internal and external technologies that will enhance the company’s ability to effectively extract and analyse complex data to deliver “actionable insights”, according to JLL.

The company also revealed that JLL Falcon will power the next iteration of its generative AI assistant for the CRE sector, JLL GPT, enhancing the tool’s ability to generate specialised insights that improve client incomes.

Since JLL GPT’s introduction last year, JLL observed that the AI assistant has seen rapid adoption rates across the company, with over 47,000 JLL personnel already using the tool to generate customised solutions for clients.

With the launch of JLL Falcon set to further enhance the company’s AI capabilities, chief technology officer at JLL, Yao Morin, said the new offering will “build on what we’ve already achieved and unlock even more custom, AI-enabled solutions that help shape the future of real estate for a better world”.

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