No person or industry wants to be described as a “laggard,” and the Commercial Real Estate (CRE) industry is no exception. Falling behind is not something it does. In fact, IBISWorld reports that the CRE industry is the “1st ranked Real Estate and Rental and Leasing industry by market size and the 4th largest in […]
Long an industry that lagged behind others in new technology adoption, commercial real estate (CRE) development has been coerced into digital fast-forward over the past couple of years. In fact, the Covid-19 pandemic destroyed any remaining trepidation the industry might have had, and forced the rapid launch and expansion of cutting-edge technology solutions into the […]
The overwhelming majority of commercial real estate (CRE) projects are coming in late and over cost estimates, experts say. And the best way to combat this unfortunate trend is by moving away from legacy systems to state-of-the-art CRE budgeting solutions. According to a recent IDC survey, 78% of CRE projects are over budget, and projects […]
Several years ago, Commercial Real Estate (CRE) was in danger of falling behind in the adoption of new technology. But that has definitely changed. As reported by Forbes, investment in property tech (Proptech) grew by 1,072% between 2015 and 2019, and in 2018, venture capital firms invested $8.3 billion in Proptech companies throughout the world. […]
Not long ago, the “Cloud” was looked upon with a great deal of trepidation. But in lockstep with technological innovation, the cloud is now everywhere. The cloud is an Internet-based service that delivers various applications and services, such as data storage, servers, databases, networking and software. Cloud-based storage makes it possible to store files in […]
For the past several years, cloud computing has revolutionized how businesses handle everything — from security and efficiency, to costs and data analytics, and more. In fact, executives across all industries, sizes and geographic locations are recognizing the many advantages of cloud computing for businesses, and Commercial Real Estate (CRE) development is no exception. Resistance […]
When it comes to avoiding long-term technical debt, it’s about playing chess, not checkers. It is imperative to plan many moves ahead in order to minimize quick solution fixes and maximize tech’s potential to improve quality and reduce cost. Technical debt, in essence, is the price paid in extra work and lost time by trying […]
