In the last decade, the global real estate industry has undergone a tectonic shift. Many factors, such as rising disposable income, rapid urbanisation, and an increase in the number of dual-income families, have been activecontributors to this change. On top of that, real estate players adopting advanced technologies such as AI and ML have also created many opportunities for the industry’s growth. And, amidst this (digital) transformative wave, the term ‘PropTech’ has gained substantial buzz.
PropTech has ushered a new era of business operating model in the real estate space. Real estate companies are relying on new technologies such as IoT, blockchain, and virtual reality to commence their traditionally manual operations. These technologies are not only helping in property construction but also in simplifying the buying and selling process. For instance, a virtual tour of properties is currently a significant trend that is picking up pace among customers wanting to experience their potential homes without actually having to travel to the location.
Similarly, smartbuilding solutions is another important component of the PropTech wave that is reshaping the real estate space. Buildings equipped with IoT devices and sensors—digitally connected to the cloud—are continually paving way for better predictive maintenance services.
At this juncture, many cutting-edge PropTech companies are entering the domain with advanced and integrated offerings. To help the real estate sector strengthen its operational capabilities and simultaneously enable growth in the industry, CIOApplications Europe has compiled a list of the top PropTech solution providers. The list comprises prominent organizations in the industry that address issues pertinent to the real estate sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CIO Applications Europe’s, “Top 10 Proptech Solution Providers – 2020.”
