The latest Altus Group CRE Innovation report provides an outlook on technology trends impacting the global CRE industry and highlights the significant acceleration in adoption of PropTech, and the effect of disintermediating technologies.
The report, which is based on a global survey of 400 CRE executives at firms with assets under management (“AUM”) of at least US $250 million, shows that driving efficiency through automation is a key priority for CRE executives, and the use of AI and machine learning is approaching a critical mass.
Disintermediation is also driving emerging technology adoption. New business models associated with the sharing economy, co-working and e-commerce are disrupting the CRE industry by cutting out middle steps and processes to create greater efficiencies. The layers and stages of the financing, funding and transacting process create inefficiencies in many core CRE functions. As a result, the rise of disintermediating technology platforms and solutions are having a major impact on the CRE industry.
Key findings from the 2019 Altus Group CRE Innovation report include:
Download the Altus Group CRE Innovation report at: https://go.altusgroup.com/EMEA-CRE-Innovation-Report-2019.
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