SuperApp

Organizations are embarking on an ambitious AI adoption journey. But where do they start? What are the things to know about AI? Should you spend the time and effort learning about AI now or wait until product maturity, when it can fully bring your vision to life?

How can you, as a business owner, encourage your team to leverage AI to their advantage? What if they think of AI as their replacement for the jobs that they do? With many things being said about AI, which is fake news and which is real?

Today, Sharran and Pritesh talk about all things AI. Consider this episode your 20-minute primer on AI, its capabilities, and how to use it to enhance your life and your business. 

“I think there's a lot of misconceptions around, like, “Hey, is AI replacing me?” I really don't think anybody should be worried about this anytime soon. I think we are 20 to 30 years away from anything reasonably amazing that's happening in AI.” 

- Pritesh Damani 

In This Episode:

-Machine learning and its capability

-LLM or ChatGPT and its application to the real estate industry

-Should software developers incorporate AI features to stay competitive? How much of the AI components are usable?

-Should I learn to use AI tools or wait until product maturity?

-Using generic vs. specific data in building proprietary technologies

-How does a day-to-day real estate professional approach AI?

-The result of experimenting with AI capabilities 

-How do we get people to use AI more?

Resources:

-Top Agent Power Pack - http//topagentpowerpack.com

Connect with Pritesh Damani:

-Instagram: https://www.instagram.com/forgetpritesh/

-LinkedIn: https://www.linkedin.com/in/priteshdamani/

-YouTube: https://www.youtube.com/@TheRealBrokerage

-Website: https://www.onereal.com/pages/join-real

Connect with Sharran Srivatsaa:

-Instagram: https://www.instagram.com/sharransrivatsaa/

-LinkedIn: https://www.linkedin.com/in/sharran/

-YouTube: https://www.youtube.com/@TheRealBrokerage

-Website: https://www.onereal.com/pages/join-real

How many of you remember playing with Lego blocks as a child or even as an adult? The joy of putting the pieces together and seeing your vision come alive is something you will never forget. And the lessons from building Lego blocks go far beyond childhood. 

Many businesses now use the Lego Blocks Framework to accomplish big projects. Last week, Sharran and Pritesh ended the episode with the idea of Lego blocks as applied to building a SuperApp. 

Today, Sharran and Pritesh dive into the application of the Lego Blocks Formula in different business industries and discuss specific examples for the real estate industry. Discover how to apply the Lego blocks principle in your life and business.

“Not only is the Lego block a fundamental component of building a SuperApp; a Lego block is also a fundamental component for actually building a super business.” 

- Sharran Srivatsaa

In This Episode: 

-You don't have to build everything at the same time 

-Are dopamine hits helpful for the team?

-Recognizing the important parts of the Lego block

-What is the attention ratio?

-How Tesla applies the Lego Block Formula

-The Lego Block Formula application in the real estate industry

-How to equate a Lego block with time

Resources:

-Top Agent Power Pack - http//topagentpowerpack.com

Connect with Pritesh Damani:

-Instagram: https://www.instagram.com/forgetpritesh/

-LinkedIn: https://www.linkedin.com/in/priteshdamani/

-YouTube: https://www.youtube.com/@TheRealBrokerage

-Website: https://www.onereal.com/pages/join-real

Connect with Sharran Srivatsaa:

-Instagram: https://www.instagram.com/sharransrivatsaa/

-LinkedIn: https://www.linkedin.com/in/sharran/

-YouTube: https://www.youtube.com/@TheRealBrokerage

-Website: https://www.onereal.com/pages/join-real

Imagine if you could get rid of all the apps on your phone and replace them with a single app that has all the functionalities you’d ever need. Transportation, communication, food delivery, housing needs, etc., all in one app. Impossible, right?

Well, a new type of app called "SuperApp" is gaining massive popularity across different parts of the world with the promise of doing just this.

For business owners, SuperApp would allow you to easily capture your consumers' time and attention by providing a diverse offering in one convenient package. 

So, how do you build a SuperApp? That's what we discuss in this inaugural episode of the SuperApp podcast hosted by Sharran Srivatsaa, President of Real Brokerage. Joining Sharran is Pritesh Damani, the Chief Technology Officer. 

Tune in and discover what the heck a SuperApp is and how to build one.

In This Episode: 

-What makes a SuperApp?

-Is there a SuperApp that exists in a different industry? Kristie X Ord

-What is the scope of the SuperApp?

-Can you compete with Zillow?

-How do you prioritize what to build?

-Why is a SuperApp hard to build?

-What is Zillow's winning edge over other real estate platforms? 

-Can a portfolio of companies and services present itself as a SuperApp? 

-The strategy for building a SuperApp

Resources:

-Top Agent Power Pack - http//topagentpowerpack.com

Connect with Pritesh Damani:

-Instagram: https://www.instagram.com/forgetpritesh/

-LinkedIn: https://www.linkedin.com/in/priteshdamani/

-YouTube: https://www.youtube.com/@TheRealBrokerage

-Website: https://www.onereal.com/pages/join-real

Connect with Sharran Srivatsaa:

-Instagram: https://www.instagram.com/sharransrivatsaa/

-LinkedIn: https://www.linkedin.com/in/sharran/

-YouTube: https://www.youtube.com/@TheRealBrokerage

-Website: https://www.onereal.com/pages/join-real

The real estate industry is the last industry to undergo digital transformation.

A lot of the services are completely fragmented, involving people, tools, technology, services, and a tremendous amount of regulatory oversight. This has forced various companies to innovate parts of the ecosystem but nobody has been able to build a unified solution.

Because of this, the consumer still has an extremely disjointed, fragmented, and frustrating experience trying to bring all of these pieces together from the start to finish of a real estate transaction.

The idea of a super app is a futuristic concept that allows for the WeChat-ification or Amazon-ification of the experience, where the consumer is able to have a smooth and seamless experience, while the app/company is able to manage all the disjointed pieces behind the scenes.

We call this “The SuperApp” or the real estate holy grail. We believe that the quest for this holy grail will drive new innovation, challenge existing beliefs, battle-test traditional assumptions, and force the reimagining of real estate as it has never been done before.

The goal of this podcast is to explore the practical side of how this is going to happen at the intersection of consumer psychology, technological innovation, and real estate advisory.