Future Of Proptech Development
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Future Of Proptech Development

CIOReview | Monday, June 21, 2021

While COVID-19 has disrupted the solutions that have propelled proptech to prominence, it has also accelerated the development of alternative proptech innovations. These formerly dormant proptech solutions have begun to develop and evolve in response to changes in market demand and customer expectations.

Proptech solutions make it easier and more efficient to rent, study, acquire, manage, and sell real estate. Proptech helps investors, brokers, developers, and clients with residential and commercial real estate operations.

• Space Planning

Employers must provide safe working space circumstances in light of the COVID-19 situation, which enforces physical separation. Employers can better manage and visualize their workspaces with the help of sensors and machine learning algorithms. Employers will receive data-based data on potentially dangerous areas, resulting in staff crowding with daily statistics on utilization and staff density. Employers can use space planning tools to optimize workspace in strategic investments.

• Touchless Asset Control

In terms of how we walk around instead of entering buildings, touchless access and asset control technologies are likely to become the new normal. Asset control provides convenient and secure building navigation, from access verification statistics to contactless connections with multiple services (e.g., elevators).

Employees and tenants alike benefit from smart lighting and voice command recognition technologies that allow them to use facilities safely without touching infectious material.

• All-in-One Building Management Platforms

A building with numerous tools and techniques installed will generate massive data and resources to maintain. Thanks to centralized platforms, property managers can get usage-based data on the technology and services placed in the building.

With the introduction of touchless and efficient, centralized management systems are required to assist property managers in making data-driven decisions and drawing conclusions.

• Analysis of Multiple Interconnected Assets

The epidemic has had a significant effect on financial performance and asset management. Real estate agents may make more exciting and precise data-based decisions using advanced analytics that combine data from multiple sources.

• Construction Documentation Platforms

In real estate, allowing as much remote work as feasible improves safety and allows project managers to supervise on-site work at each level. Project managers can actively involve themself in the construction project process and handle possible difficulties with innovative construction documentation tools.

Also See: Real Estate Business Review