May 2018 - ManagePlaces | Construction Project Management Software

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.

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.

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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:

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The past, present and future of real estate technology

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

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