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The next phase of real estate technology is still largely uncertain, but there are a few emerging themes which give a sense of where our capabilities are heading and how real estate projects will evolve in the short to medium term: Automation and productivity tools: The ability for businesses to automate workflows and connect teams digitally is boosting productivity and reducing risk Augmented reality/ Virtual reality: The ability to visualise different components on-site with accurate data and measurements will cut down on admin time and reduce errors. Big data & machine learning: Technology that helps businesses capture and process data points on structures, workers and materials will dramatically improve efficiency and cost control. Smart materials & modular construction: Smart materials offer both functional and eco benefits whilst modular construction will help the industry standardise output and speed up production Drones and autonomous vehicles: Addressing the labour shortage in the industry, drones and autonomous vehicles can perform complex tasks more quickly and safely than human workers can do. Over the next five to ten years, real estate technology will lay the groundwork for growth in the sector. Companies that embrace new technology and leverage the vast benefits it provides, will be in a great position to gain competitive advantage. As purpose-built software serves as a base for storing and processing data, connecting teams digitally and automating workflows, it is the best starting point for a real estate development business wanting to leverage technology and grow.
29 May 2018
Project management, Property development

The past, present and future of real estate technology

Over the last 8 years, investment in real estate technology has exploded from $33 million in 2010, to over $5 billion in 2017 – more than a 150 fold increase. Real estate is a significant sector in any jurisdiction (generating

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Construction
8 May 2018
Construction, Project management

Three areas for the construction sector to focus on to address the skills shortage and productivity gap

A recent report by Mace Group has suggested that within the next two decades, nearly 600,000 construction jobs could be replaced by technology. According to the report, Moving to Industry 4.0: A skills revolution, thousands of workers will need to be

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construction-sector
20 April 2018
Construction, Project management

Seven areas that could boost construction productivity by up to 60%

According to McKinsey & Company’s 2017 report: Reinventing Construction” A Route to Higher Productivity, there is a $1.6tn opportunity for the construction sector if productivity is raised to the global economy average. Construction output contributes $10tn to the global economy, but

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13 April 2018
Construction, Project management, Property development

Exoskeletons in construction

A career in construction can come with physical demands that don’t necessarily come with other occupations. Long hours, carrying out repetitive or strenuous tasks over long periods of time can take its toll on the body and is an obvious

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construction-team
6 April 2018
Construction, Project management, Property development

Five ways project management software gets the best out of your people

Whether your project team consists of internal staff, subcontractors or both, it is the people that will ultimately determine the success or failure of the projects your company delivers. Getting the best out of your people is thus imperative and

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phone real estate
29 March 2018
Project management, Property development

Five real estate technology trends to watch in 2018

As the technology revolution continues, no industry it seems is left untouched and the real estate sector is no exception. All players in this industry, from agents to developers to investors and even property managers are updating and optimising their

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autonomous_vehicle
27 March 2018
Construction, Project management

Autonomous vehicles in construction

While there has been much hype around self-driving cars over the last few years, the truth is that regulatory and technology challenges will likely postpone their commercial adoption until the early part of the next decade. Use of autonomous vehicles

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construction-ipad
27 February 2018
Construction, Project management

Four emerging technologies impacting construction projects

Up until now, the construction sector has been comparatively slow to adapt to technological change and, according to 55% of senior construction professionals, is an industry ripe for disruption (Source: Make it, or break it, 2017 Global Construction Survey, KPMG International).

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Project-Management
23 February 2018
Platform updates

Six Benefits of using Project Management Software

Project management is a multi-faceted business discipline which is crucial to the ultimate success of your organisation’s projects.  The days of running projects with only the experience of your team and a few Excel spreadsheets are fast coming to an

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