Real estate is among the next tranche of sectors which will face major disruption. With the advancement of technology, users of real estate—from millennial workers to a generation of more IT-savvy finance directors—are now demanding more from their buildings. And the software, which will enable operators and owners to fulfill those demands, is now arriving.
Governments and smart cities are also playing their role, recognizing the huge benefits that flow from creating a new digital ecosystem. Many businesses are embracing this change—in fact, technology has enabled companies to restructure and remodel products and services to place greater emphasis on user experience, productivity and sustainability.
Stimulated by the growth of the Internet of Things (IoT), robotics and wider technological advances, office buildings will undergo radical change and become more crucial than ever to commercial success.
It is vital that we understand the forces driving this revolution and take steps to prepare ourselves, or otherwise, risk being left behind. The future is much nearer than we think.