Construction and Real Estate Meet Technology

Heard of constru-tech? How about RE-tech? If you are scratching your head, Don’t feel as though you’ve missed something. These names don’t exist, just yet.

Construction and property may be some of the last holdouts in regards to fully embracing technologies. Some players have toyed with it, naturally, but just 8% feel they have hit leading-edge status in regards to tech and only slightly more than 20 percent are trying. Enter the disruptors who will help them take the jump to the next level of functionality and efficiency. Ensure you have good cash flow; if not, consider venture capital for your project to ensure it runs smoothly with no hiccups.

Building and real estate start-ups have an opportunity to match — and possibly even surpass — the technology Conpowers of the agricultural and finance businesses, both of which are using big data for a range of processes. By the construction site to the workplace, companies can distinguish themselves from competitors through technology innovations.

Perhaps founders and their racing minds will be wise to examine the monetary technology industry, which is earning high grades for its adoption of new biotech services and products. According to the World Retail Banking Report 2017, two out of three of the industry’s customers use technology and roughly 80 percent consider it affects their experiences for the better.

If construction and property can reach similar numbers using technology to bridge openings, close sales, communicate effectively, and change perceptions, the businesses would probably see record success with their sales management process steps in a local, national, and even international scale. Companies keen to shed outdated skins and revel in the benefits that have technological advancements can begin with these strategies.

1. Ditch the pulp, and head for the cloud.

Still drowning in paperwork? As the saying goes, “There is an app for that!” Fieldwire, for example, allows real time GPS tracking from building site employees to backend workers, promoting instantaneous information exchanges and removing gratuitous openings in decision-making. Want OSHA guidelines in your workers’ and subcontractors’ fingertips? Safety Meeting Program is your fast, paperless answer. Professional sales management platforms turn your team into an empowered machine which isn’t hindered by space, time, or documentation.

2. Switch to advanced materials.

Tech overhauls are not limited to computers and mobile devices. They also make up the fabric of everyday tools and materials. Forward-thinking construction businesses of all sizes use everything from 3D printing to carbon fibers to make items stronger and more sustainable than ever before. By way of instance, a Harvard University report discovered practical and environmental benefits to using epoxy honeycombs for wind turbine production, instead of conventional balsa wood solutions.

3. Improve project monitoring.

Drones occasionally get a bad rap, but they are proving useful for construction site monitoring. Skycatch, a drone image-processing platform that can create 3D models from photographs, gives companies the ability to find the trees and the woods. And Fieldlens enhances site examinations and communications by spurring cooperation among colleagues to streamline processes that would otherwise look chaotic, improving worker productivity tenfold.

4. Try renewable energy.

Renewability goes beyond replacing the light bulbs in your headquarters so proved Dutch company Heijmans, which introduced Smart Highway in cooperation with designer Daan Roosegaarde. This roadway features solar-powered lights, in addition to electric vehicle priority lanes and lively paint. Not worried about roads? Consider placing solar panels on roofs or wind turbines to improve organic energy for commercial property investments.

5. Invest in the most recent wearables.

Wearable technology is not just cool; it is often safer, particularly for construction workers. Additionally, it comes in a lot of shapes and sizes, from smart vests to bionic suits. A excellent example is Smart Helmet, which has several features, including an augmented reality element. If your employees have to wear helmets, anyway, it makes sense to have them use the best technology.

6. Use analytics to deliver a better customer experience.

Effective use of technology and analytics allows property agents to serve up advertising on behalf of home sellers to just the proper buyers, therefore increasing the chance of property acquisition. Just about all buyers begin their searches online so agents would like to be right there when they get serious about selling or purchasing. In my opinion, amazing support in real estate is based on access to the proper data to make wise decisions and the correct platforms to provide stress-free transactions.

The planet is changing rapidly and companies have to accommodate that shift. It will be interesting to see who in property and construction will discover new ways to utilize technology to improve customer service and expertise. Who will interrupt these two industries?

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