{"id":786200,"date":"2023-09-26T13:25:26","date_gmt":"2023-09-26T17:25:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/riverside-county-california-selects-c3-ai-as-the-standard-for-real-estate-property-appraisal\/"},"modified":"2023-09-26T13:25:26","modified_gmt":"2023-09-26T17:25:26","slug":"riverside-county-california-selects-c3-ai-as-the-standard-for-real-estate-property-appraisal","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riverside-county-california-selects-c3-ai-as-the-standard-for-real-estate-property-appraisal\/","title":{"rendered":"Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal"},"content":{"rendered":"

<\/p>\n

Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal<\/b><\/p>\n

County Assessor\u2019s Office Digitally Transforms<\/i><\/p>\n

REDWOOD CITY, Calif.–(BUSINESS WIRE<\/a>)–C3 AI<\/a> (NYSE: AI), the Enterprise AI application software company, today announced that the Office of the Assessor-County Clerk-Recorder (ACR) of Riverside County, California has selected the C3 AI Residential Property Appraisal<\/a> application to increase the efficiency, fairness, consistency, and accuracy of real estate property appraisal.<\/p>\n

\nFollowing a successful six-month production pilot, the Assessor\u2019s Office has signed a five-year commitment for C3 AI Residential Property Appraisal and the C3 AI Platform \u2014 along with additional applications of C3 AI Commercial Property Appraisal<\/a> and C3 Generative AI<\/a>. C3 AI Residential Property Appraisal at Riverside is the first production-ready, out-of-the-box, AI-powered mass appraisal system in California.<\/p>\n

\nA major service of the Assessor\u2019s Office is to value all taxable property within the County. Those appraisals determine residents\u2019 property taxes, which provide local government operating budgets. With C3 AI, the County can calculate the fair market value of properties with AI models built on historical data stored in the County\u2019s systems of record, and from other sources. By shifting the practice to rely more on AI models, the County can increase efficiency within the process, reduce labor, and improve the consistency and accuracy of appraisals.<\/p>\n

\n\u201cRiverside County exemplifies how local governments can leverage AI to reduce cost, increase efficiency, increase service levels, and build public trust by increasing transparency and modernizing this decades-old manual, time consuming process,\u201d said C3 AI CEO Thomas M. Siebel.<\/p>\n

\nBy using C3 AI Residential Property Appraisal, the County has seen an improvement in accuracy of appraisals while reducing the complexity of the appraisal process. Before adopting the C3 AI Platform and applications, ACR had to rely on over 30 appraising models and manual data analysis to appraise properties. Now the process is over 40% faster, relying on only four appraising models. This application is running on Google Cloud and leveraging Google Cloud\u2019s services and solutions at scale.<\/p>\n

\nOne challenge ACR, like many other government organizations, faces is the limited ability to recruit and train new staff. Backlogs from rising workloads in the wake of vacancies has created an imperative to turn to technology \u2014 and with C3 AI Residential Property Appraisal, a process that used to take appraisers hours, now takes minutes. And using the extensibility of the C3 AI Platform, ACR seeks to build out a portfolio of AI-powered applications to drive substantial benefit for the County and its residents.<\/p>\n

\n\u201cAt the Assessor\u2019s office we believe that technology \u2014 such as C3 AI \u2014 can facilitate our mandate, which includes providing better services with less public funds,\u201d said Peter Aldana, Assessor-County-Clerk Recorder for Riverside County, California. \u201cThe ability to provide fair and accurate valuations efficiently benefits all County residents and expands our staff\u2019s bandwidth for other priorities, including public outreach, education, and services.\u201d<\/p>\n

About C3.ai, Inc.<\/b><\/p>\n

\nC3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of large AI transformer models for the enterprise.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230926647207\/en\/<\/a><\/span><\/p>\n

C3 AI Public Relations
\n<\/b>
Cheryl Sanclemente
\n
Vice President, Corporate Communications\u2028
\n
415-988-4960\u2028
\n
press@c3.ai<\/a><\/p>\n

Investor Relations\u2028
\n<\/b>
ir@c3.ai<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Finance Public Policy\/Government Residential Building & Real Estate Accounting Professional Services Construction & Property Artificial Intelligence Software Networks Data Analytics Internet Fintech State\/Local<\/p>\n

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Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal County Assessor\u2019s Office Digitally Transforms REDWOOD CITY, Calif.–(BUSINESS WIRE)–C3 AI (NYSE: AI), the Enterprise AI application software company, today announced that the Office of the Assessor-County Clerk-Recorder (ACR) of Riverside County, California has selected the C3 AI Residential Property Appraisal application to increase the efficiency, fairness, consistency, and accuracy of real estate property appraisal. Following a successful six-month production pilot, the Assessor\u2019s Office has signed a five-year commitment for C3 AI Residential Property Appraisal and the C3 AI Platform \u2014 along with additional applications of C3 AI Commercial Property Appraisal and C3 Generative AI. C3 AI Residential Property Appraisal at Riverside is the first production-ready, out-of-the-box, … <\/p>\n

Continue reading “Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786200","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRiverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/riverside-county-california-selects-c3-ai-as-the-standard-for-real-estate-property-appraisal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Riverside County, California Selects C3 AI as the Standard for Real Estate Property Appraisal County Assessor\u2019s Office Digitally Transforms REDWOOD CITY, Calif.–(BUSINESS WIRE)–C3 AI (NYSE: AI), the Enterprise AI application software company, today announced that the Office of the Assessor-County Clerk-Recorder (ACR) of Riverside County, California has selected the C3 AI Residential Property Appraisal application to increase the efficiency, fairness, consistency, and accuracy of real estate property appraisal. 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