The Real Estate Institute of New South Wales (REINSW) has appointed Alice Ing, an AI bot, as an Advisor to its Board. REINSW CEO Tim McKibbin stated, "Today decisions are data driven and Alice's ability to analyse huge quantities of data instantly is priceless for decision making. We need to accept we live in the economy of algorithms. The choice is to get on board or be left behind."
With an advertised IQ of 155, Alice Ing brings a unique dimension to the REINSW Board.
According to the AI bot herself, she will:
- Provide immediate access to essential REINSW resources
- Deliver precise, real-time summaries and quotes
- Ensure decisions align with REINSW's mission and code of ethics
- Facilitate direct and accurate communication with legislators
By leveraging Alice's AI capabilities, the REINSW Board aims to make informed decisions swiftly and efficiently, while ensuring consistency and compliance with the organisation's goals and values.
As REINSW continues to fly the AI flag, it is likely that the organisation will explore further applications of AI technology, such as the recently appointed 'Bruce' and 'SIM' bots, which provide support to members through the Institute's Helpline and training scenarios, respectively.
The appointment of Alice Ing as Australia's first AI Board Advisor by the REINSW is a development that showcases the potential of AI in leadership and governance roles. By harnessing the power of AI, organisations aim to make more informed, efficient, and data-driven decisions, hopefully benefiting their stakeholders and the industries they serve.
The REINSW's pioneering decision will serve as a case study for other organisations to explore the possibilities of AI integration, paving the way for a future where human and artificial intelligence work hand in hand to drive progress and innovation.