4 Major Proptech Trends

By Apac CIO Outlook | Tuesday, September 01, 2020

Many younger workers want and expect flexibility to work outside conventional hours and offices, which will become essential for productivity among the workforce.

FREMONT, CA: Emerging trends in the commercial real estate industry is booming, and there needs to be an understanding of the different market sectors, the restriction of current technologies and the habits of stakeholders to understand which trend will stay for a long time.

Here are four proptech trends in the real estate sector:

Improved Occupant Experience

Building occupants want to control their environment, be it at work, home, or shopping like light control and temperature. Building operators need to understand the users’ requirements and streamlined logistics when providing service and products. These digital tools can enable seamless access to mobile vendors or building services, providing workers the ability to do their work from the desk.

Convergence and Edge Analytics

The built environment, operations, occupant experience, and resource reduction will meet and influence how buildings will be used and managed. The cost will reduce, and experience will enhance as the system and processes improve while collecting data and analysis continue to be essential. IoT devices will advance the significance of edge analytics for improved business insights.

Space as a Service

Many younger workers want and expect flexibility to work outside conventional hours and offices, and this will become essential for productivity among the workforce. The new business model for the office sector will change as user experience becomes vital, and businesses adapt to various needs. And as the smooth experience and change become the new normal, it will be one way to attract and retain talent.

Digital Transformation

Cloud, virtual assistants, augmented reality, artificial intelligence, digital twins, and more, will drive the transformation in the commercial and corporate real estate industry. The digital transformation has provided smoother experience, improved insights, and efficiency, and helps workers accomplish productivity goals and contribute to return on investment.