Arian Nemati is Co-Founder and CEO at ADEx and Ecognitionlabs.com, an AI research and development company.
Change can be hard, especially if you’re implementing a new strategy. It may also be risky to take processes and methodologies that seemed to have worked in the past and change them up without knowing the outcome. But it’s the only way for a business to grow.
Commercial real estate companies have been historically slow to innovate and adapt to new technologies. There are many reasons for this, but more and more CRE companies are learning how to add innovation and technology without disrupting their workflow. They’re learning how to spend the right amount of time in the research and development phase, prioritize training and leave room for a learning curve.
CRE companies that want to lead the industry must prioritize technology and innovation. This doesn’t mean everything has to change, but it
Co-Founder and CTO of STRATAFOLIO, an asset management, automation and analytics company servicing the commercial real estate industry.
Since the early months of 2020, Covid-19 has had a continuing impact on commercial real estate. While some of the pandemic-related changes may fade away when the virus does, there are other changes that may be here to stay. The use of technology in CRE is an example.
Although making the initial switch has been challenging for many companies, there were some positive aspects to the changing environment. For example, it forced many late tech adopters to become more proactive about implementing technology in their everyday operations. Here are some of the biggest changes that have occurred in CRE technology, business practices and strategies.
Technology Solutions For Conducting Business Remotely
Covid-19 has shifted many businesses to conduct their operations remotely, and CRE is no exception. Many businesses have had to
A new report from Building Engines called The CRE Technology Gap explores the current relationship between technology and real estate ownership. More than half of real estate operators want to implement more technology and 84% of owners believe that technology can help the business meet all of its operational goals. In addition, 89% of property owners believe that technology is shaping the commercial real estate industry. So, it is clear that technology is playing an increasingly important role in real estate operations; however, many operators still struggle to find the right technology solution.
One challenge facing the industry is the need for better quality technology. Operators want technologies that can increase revenue, deliver the best occupant experience and reduce their operating costs. According to the survey, 51% of owners said that the right technology could streamline operations, while 49% said that it could help make decisions quicker and 48% said