LEADERSHIP
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HOW MUCH OF A NEED IS THERE FOR THE INDUSTRY TO INNOVATE AND TRANS – FORM ? DOES THE SECTOR / COMPANIES RISK BEING LEFT BEHIND ?
We are already starting to see the seeds of transformation in this industry . Those three elements I mentioned earlier – magic , value and scale – are already coming together to transform real estate . For instance , smart buildings are getting smarter every day , gathering very important information that can then be factored in crucial strategy decisions that will help you make your business more resilient .
Commercial real estate is at a real tipping point in terms of tech making an impact on and improving experience for clients . This is a really exciting time to workin this sector .
WHICH TECHNOLOGIES CAN YOU SEE BEING PARTICULARLY DISRUPTIVE TO THE CONSTRUCTION / REAL ESTATE INDUSTRY IN THE COMING YEARS ?
We see the potential for smart building technology to impact energy and space utilisation while driving value-added services like predictive maintenance . We see algorithms using a variety of public and private data to vastly speed up the process of underwriting a building . We also see potential for blockchain technology to improve the transaction process and make it easier to trade shares in a building .
FAST-FORWARD FIVE YEARS – WILL THE REAL ESTATEINDUSTRY LOOK FUN º– DAMENTALLY DIFFERENT TO HOW ITIS TODAY ? ARE YOU OPTIMISTIC ABOUT ITS OUTLOOK ?
There is much to be optimistic about when it comes to the future of real estate . When you consider the vast number of high quality proptech startups entering the field in the last 12 months , the prospects for the next five years are extremely exciting . Software will both dramatically enhance
AUGUST 2018