Top 20 PropTech Consulting/Service Companies - 2020
PropTech is booming and transforming the way we buy, sell, and interact with our properties. In a world permeated by technology, the scope of proptech is growing at a fast pace and changing how the real estate industry runs. Real estate firms are embracing these new technologies with different levels of sophistication. Now, more and more Real estate and construction companies are slowly yet steadily moving toward digital technology.
With the emergence of technologies that help automate real estate processes, there has never been an easier time to sell, buy, manage, or even construct properties. The mobility, cloud, AI, and IoT will continue to impact how one operates and use buildings to create enhanced and efficient management capacities for lighting, security, and other service requirements of buildings. Artificial intelligence is set to change every aspect of commercial real estate, including how buildings are leased and designed. Intricate 3D models, visualizations, digital floor plans, virtual tours, and the like will allow developers to make better choices at every step of the construction process.
Now more than ever, the use of technologies like augmented and virtual reality, digital twins, drones, and others will radically enhance the customer experience while choosing, managing, and using any property. It’s often said that data is the new currency, which is the reason every business today is using tech tools like sensors and cameras to collect and store customer data for the future. Blockchain is one another technology that has remained largely untapped, but now it revolutionizes everything it touches. It serves as a type of equalizer, facilitating faster international transactions that can be easily recorded and tracked. Also, the presence of faster, and higher bandwidth communications like 5G, CBRS, and Next-Gen in-building wireless in the building systems will become paramount.
In this edition, CIOReview has compiled a list of 20 Most Promising PropTech Solution and Service Providers to guide organizations in the real estate landscape in harnessing the power of technology to tackle today’s real estate challenges. We hope this issue of the CIOReview helps you build the partnership you and your firm needs to foster a technologically-driven real estate environment.
We present to you, CIO Review’s “20 Most Promising PropTech Consulting/ Service Companies - 2020.”