APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Role of Emerging Technologies in the Real Estate Sector

    The large amounts of real estate data at their disposal should be leveraged to create maximum impact, just like how Wall Street uses the data available to model algorithmic trading.  

    Role of Emerging Technologies in the Real Estate Sector

    By

    Apac CIOOutlook | Tuesday, February 04, 2020

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    The large amounts of real estate data at their disposal should be leveraged to create maximum impact, just like how Wall Street uses the data available to model algorithmic trading. By using data analytics, realtors and investors can stay up to date on vital statistics in real-time, enabling them to stay ahead of the curve on the rapidly changing market of commercial real estate

    FREMONT, CA: Emerging technologies are always in demand as the world prepares to leap towards industry 4.0. Technologies such as big data and analytics have become the buzz word in pretty much all industries, and it is no surprise that the real estate industry is also looking to adopt these technologies. In fact, the real estate sector has already begun reaping the benefits of these advancements. Big data and data-driven technologies generate enormous amounts of data, and this can be leveraged by the real estate industry to go even further in developing the sector at both macro and micro levels.

    Analytics

    Analytics is one of the most basic and, at the same time, a powerful tool at the disposal of the real estate industry. Its benefits can be extended to both customers and realtors as it allows for advanced property evaluation spread across a vast spectrum of parameters from expected appreciation and depreciation rates to crime statistics, accessibility, and other factors. This enables real estate companies to determine values more accurately and mitigate risk while also increasing customer engagement. As a result, customers gain access to highly relevant information regarding potential purchases.

    The large amounts of real estate data at their disposal should be leveraged to create maximum impact, just like how Wall Street uses the data available to model algorithmic trading. By using data analytics, realtors and investors can stay up to date on vital statistics in real-time, enabling them to stay ahead of the curve on the rapidly changing market of commercial real estate. Accurate and timely market data can also have a significant impact on a company’s ability to turn a profit on a piece of real estate and empowers potential home buyers by providing a comprehensive view of the market even as it changes minute to minute.

    Artificial Intelligence (AI) programs are already making use of these enormous pools of real estate data to enhance customer experience through personalization and predictive home evaluation over time. Furthermore, AI can help predict which locations will be most beneficial for developers to invest in, optimizing market-level profitability and revenue and revenue while helping to identify optimized spatial layouts of new developments.

    Virtual Reality

    Despite being relatively slow in hopping on to the big data train, the real estate industry took almost no time to notice the massive value that data brings to the table. Data enables investors, developers, and potential buyers to envision detailed and pertinent information about real estate without ever having to see it in person. Micro-level data such as land valuation, crime statistics, accessibility, and traffic flow are incredibly important when looking at real estate development and investing. This is coming into play in a big way.

    Data comes in various formats and can often be tempting to store classic visual data for the more esoteric sets of data pertaining to a piece of real estate. However, visual data is at the forefront of one of the most innovative and exciting data-driven technologies being used in the real estate industry today. Visual data can be implemented into virtual reality technology by realtors, to give prospective buyers a tour of the property, an in-depth look at the dimensions of any given building, something which traditional static photograph clearly lacked.

    Once again, Virtual Reality is yet another technology that benefits both buyers and sellers in the real estate sector. It helps realtors expand their market rapidly as it does not involve setting up of actual appointments to show a home. Instead, they can just show the potential buyers a stimulation of the house to more than one client simultaneously. To take this a notch further, virtual reality can turn a cold and empty home into a well furnished and decorated ready to move in living space. Its ability to instantly move around a piece of furniture or change the paint scheme can appeal to large crowds, and also turn potential customers into customers.

    See Also: Top Proptech Solution Companies

    More in News

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Role of Blockchain in Fostering a Trust-Based Economy

    Role of Blockchain in Fostering a Trust-Based Economy

    Revolutionizing Healthcare Through 5G Technology

    Revolutionizing Healthcare Through 5G Technology

    The Journey Towards Smart City Development

    The Journey Towards Smart City Development

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/role-of-emerging-technologies-in-the-real-estate-sector-nwid-7307.html