(iStock)
The proptech revolution is accelerating as building operators turn to big data to monitor everything from tenant relations to their properties’ energy use.
“Companies are making every piece of information available to every single person in the organization,” Anita Kramer, senior vice president at the Urban Land Institute Center for Capital Markets and Real Estate, said in an interview. “That’s powerful.”
In a new ULI survey, real estate owners and operators cited data analytics as a new technology focus for the next three years, and 76% of respondents said such applications were already having a positive impact on their businesses — even more than new technologies for property and project management.