JLL adds AI capabilities to JLL Azara to transform data interaction for Work Dynamics clients
JLL announced the enhancement of JLL Azara, an AI-powered data analysis application powered by JLL Falcon, designed to transform how business leaders interact with corporate real estate and facilities management data.
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Rhea-AI Summary
JLL announced the enhancement of JLL Azara, an AI-powered data analysis application powered by JLL Falcon, designed to transform how business leaders interact with corporate real estate and facilities management data. The application enables natural language queries for portfolio optimization, occupancy planning, and service provider performance analysis. During pilot testing with a global technology company, JLL Azara demonstrated significant improvements in workplace challenge analysis, including identifying a work order volume anomaly. The platform joins JLL's AI portfolio, which includes JLL GPT, currently processing over 200,000 prompts weekly.
Positive
- Introduction of AI-powered JLL Azara platform enhancing data analysis capabilities
- Successful pilot testing with measurable improvements in workplace analysis
- JLL GPT showing strong adoption with 200,000 weekly prompts processed
Negative
- None.
Details
News Market Reaction – JLL
The recorded move for JLL in the trading session of this news was -2.47%.
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Application leverages JLL Falcon to deliver customized portfolio intelligence and maximize returns on investment across workplace management, operations and investment areas
The company will celebrate the next frontier of its AI journey at the New York Stock Exchange closing bell ceremony on November 13
"JLL Azara transforms complex data into actionable insights, allowing us to solve business challenges with unprecedented speed and flexibility to deliver customized insights for clients," said Neil Murray, JLL CEO, Work Dynamics.
JLL Azara addresses complex questions from JLL clients across sectors, including performance and facilities managers and business analysts, to help them make data-driven decisions with better insight and at greater speeds. Using natural language queries, users can inquire about topics like portfolio optimization, occupancy planning, capital improvement project budgeting, service provider performance and more.
"We're thrilled to bring new, innovative AI solutions to our clients to help them stay ahead in a competitive environment," said Sharad Rastogi, JLL CEO, Work Dynamics Technology. "With JLL Azara, we're able to put valuable data, decades of client queries and deep industry knowledge directly into the hands of our customers."
In its pilot testing with a global technology company, JLL Azara enabled significant improvements on analyzing workplace challenges by providing faster, more targeted insights. In one case, the application's conversational interface was key in helping the company identify a no-fault work order volume anomaly at one of their locations and accelerated corrective action. JLL Azara guides users through the query process to ensure all data is complete and accurate before running an analysis, while also adapting to each unique interaction to provide more personalized, relevant intelligence and insights.
Other AI tools powered by JLL Falcon include JLL GPT™, the first generative AI assistant purpose-built for the CRE industry, that is being rapidly adopted by JLL employees across the business and solving for over 200,000 prompts weekly.
"We're building solutions that equip our clients with better, faster and more reliable data insights through innovative AI-driven technology," said Yao Morin, JLL Global Chief Technology Officer. "JLL Azara is the latest addition to a growing portfolio of products powered by JLL Falcon and is only the beginning of what we hope to accomplish."
JLL's approach to AI is driven by the people who build, sell, invest, operate, manage and inhabit space. The company will celebrate the next frontier of its AI journey, as well as its 25th anniversary of being listed on the New York Stock Exchange under the JLL ticker, by ringing the closing bell on November 13. Building on its last 25 years as a public company, JLL is laser-focused on continuing to grow in the near-term, with its progressive technology and AI strategy catalyzing that growth. To learn more about how JLL is delivering AI innovations to influence the future of CRE, read more here.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of
Contact: Jesse Tron
Phone: +1 212-376-1215
Email: Jesse.Tron@JLL.com
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SOURCE JLL-IR
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