The integration of technology and a growing emphasis on environmental, social, and governance (ESG) factors are significantly transforming the commercial real estate landscape. With digital tools making real estate functions more efficient, there’s a parallel movement towards responsible and sustainable practices. This movement embraces a comprehensive success model that equally values profitability and sustainability. According
Category: Construction & Real Estate Blogs
The world of construction is at a crossroads. As we draw closer to 2024, we’re not just looking at a workforce that’s thinning; we’re observing an industry ready for transformation. The answer? Deeper integration of technology. This transformation isn’t about phasing humans out but amplifying their capabilities. The Current Construction Labor Shortage Landscape First, let’s
Real Estate Data Analytics: Improve Project Planning, Prevent Cost Overruns and Identify Cost-Cutting Opportunities
In a recent Ernst & Young survey, real estate firms ranked data analytics as the top tool sought for their technology solutions. Although 92% of firms want analytics tools, only 35% have implemented data analytics technologies. The adoption gap indicates an opportunity for real estate leaders who take advantage of the power of data analytics.
The construction industry is on the cusp of a monumental shift, propelled by emerging technologies such as Artificial Intelligence (AI), advanced analytics (AA), and the Internet of Things (IoT). These innovations are reshaping how projects are planned, executed, and managed. Yet, with these advancements arise an array of cyber threats that demand attention and action.
In today’s rapidly evolving commercial real estate landscape, technology project management has become a critical aspect of success for modern enterprises. Commercial real estate CEOs play a pivotal role in ensuring that their companies harness the potential of technology to stay ahead of the competition. However, effective technology project management goes beyond simply investing in
As construction firms have continued to embrace more efficient processes, we have begun to see an increasing adoption of ERP (Enterprise Resource Planning) systems for an integrated, comprehensive, and efficient project management approach. Construction ERP software has emerged as the best tool in every successful construction project manager’s toolkit, providing a unified platform for planning,
As digital transformation and automation surge in every industry, the value of asset management software for commercial real estate (CRE) companies can’t be overstated. The role of asset management software in commercial real estate In the rapidly changing corporate real estate environment, data-driven strategies are paramount. Shifts in market dynamics steer asset managers towards tools
The construction industry has witnessed a surge in technological advancements. Most recently, generative artificial intelligence (AI) has emerged as a promising tool. Generative AI has the potential to revolutionize various aspects of the construction process, from design and planning to project management and decision-making. However, as with any newer technology, the implementation in construction businesses
Data-Driven Real Estate: How a Strong Data Strategy Enables Informed Decisions and Drives Transactions
The real estate industry has always relied on data. Historical market trends and active inventory remain key metrics for real estate professionals. However, emerging technologies give decision-makers more tools than ever before. In today’s digital world, real estate firms implementing an effective data strategy will have a significant advantage in making decisions and signing deals.
According to a 2021 survey by Associated Builders and Contractors, 35% of contractors are expecting decreases in project profitability, furthering the need for stakeholders to identify ways to cut costs and increase productivity. Construction project management solutions are the tools and processes used to efficiently manage the planning, scheduling, budgeting, and overall execution of a