MAIN TECHNOLOGIES BY SERVICE
Our analysis shows the flexibility of emerging technologies. Thanks to them, entrepreneurs can integrate them with each other to generate extremely powerful solutions.
A clear example of this is the case of Artificial Intelligence and Machine Learning, which are so versatile that they can be applied to the different services of the real estate cycle with an infinite number of results.
It is common in consultancy services, through data matching and mapping, to capture and understand the hundreds of thousands of data about buildings themselves and the interaction of users with these spaces, facilitating the creation of added value.
“THE RIGHT COMBINATION OF TECHNOLOGIES IS WHAT GIVES THESE TOOLS THEIR HIGHEST POTENTIAL.”
Another clear use case for exploiting this data is in Property Management. Normally captured through the Internet of Things, they are highly useful when managing a portfolio of assets as they offer not only a more proactive and less reactive management, but also allow comparative analysis of a specific asset with respect to the entire portfolio.
Other fields that benefit greatly from process automation are Architecture, Planning and Design or Project Management. With a correct integration of Machine Learning and BIM, it would be possible to create a building design and planning tool instantly, generating considerable time (and therefore cost) savings. Other applications that have a place in these services are those that, supported by 3D models and virtual reality, optimize asset visualization processes remotely, which are also useful for Marketing & Commercialization processes.
In the case of areas such as Investment or Research, powerful data science models – business analytics, prescription and prediction – can help analysts to anticipate market opportunities or improve correct decision making.
These are all clear examples of how the sector has a lot of room for innovation, providing its professionals with multiple tools with which to be efficient and precise.
CBRE PropTech Team