Real Estate Technology and Innovation


Yashicavashishtha1065

Uploaded on Oct 12, 2023

Category Real Estate

Explore the dynamic world of real estate technology and innovation, where cutting-edge solutions are transforming the way we buy, sell, and manage properties.

Category Real Estate

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Real Estate Technology and Innovation

Real Estate Technology and Innovation Big Data and Analytics 1. It helps you price a property through real-time regional price analysis and forecasted future price fluctuations. 2. The risk is very high in the real estate industry since price fluctuations are very common. Big data provides risk mitigation by predicting future prices. Source: appinventiv.com Virtual and Augmented Reality 1. AR and virtual reality in real estate save time because there is no requirement to physically visit the property. 2. Virtual reality in real estate enhances the customer experience because the entire process is easy, personalized and provides a clearer product representation. Source: appinventiv.com Internet of Things IoT refers to the appliances and devices that are digitally connected to the cloud and are constantly sending and receiving information. The adoption of this technology in real estate is a game- changer! Source: appinventiv.com AI and Machine Learning 1. Chatbots in real estate applications quickly and easily answer the questions of a prospective customer. 2. With the help of such technologies, the process of looking for a property becomes more pleasant. It saves time as inappropriate choices are never shown to the potential customer. Source: appinventiv.com Blockchain Blockchain in real estate, however, opened up ways to evolve this process. It enables assets to be tokenized and traded such as cryptocurrencies. Real Estate is witnessing a disruptive evolution with Blockchain acting as the driving force. Source: appinventiv.com 5G 5G is one of the most important commercial real estate industry trends. We are yet to see the complete version of a fully evolved technology in the real estate industry! It will involve truly wireless workplaces which will obviously need higher bandwidth. Source: appinventiv.com Mobile Apps From ordering food to booking a ride, we can do just anything at our fingertips. Thanks to mobile applications. This technology is another important commercial real estate trend in 2022. Source: appinventiv.com Drones Real estate drones will provide compelling and dynamic images of otherwise inaccessible areas. Also, drone images lead to better marketing. Source: appinventiv.com CRM Software Implementation of Customer relationship (CRM) software helps manage your client relationships and interactions through a carefully organized database. Source: appinventiv.com Thank you