PropTech is all about saving time, money, and resources. (As you will learn from 'Robotics for Real Estate' – below!) And so is our event format! We have ensured that you can meet all of the right contacts, generate new business, meet peers, forge partnerships and understand all of the latest trends from across the real estate industry.
We will not only provide an excellent venue to network, communicate, learn, form opinions and strike deals, but we will be showcase 50 of the major technologies which the real estate industry is already implementing. If you are new to 'Digital transformation in Real Estate' here is your chance to immerse yourself and get up to speed!
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(10% discount for groups of 3+)
Thought leaders – robotics will never kill these expert's careers! We are working with some of the most active companies in this sector to expose truths, open minds and talk openly about impact that technology is already having across the property industry.
Robotics for Real Estate! Learn how automation will impact our industry, and perhaps even your future career prospects. These are some of the basic ways automation will alter the world of real property in the not-so-distant future.
Geek Out – Word of the week: COBOTICS!
Cobotics is the concept of employing robotics to complement rather than to replace workers. Such a process typically involves operators and robots working together to make a complex part of the manufacturing process faster, easier and safer. While current use of robots mostly involve ergonomically challenging tasks, improvement in the sophistication of sensors will one day allow robots and operators to interact naturally, allowing them to work seamlessly together in the future.
New-building construction: This will lead to better building quality, causing longer life cycles for residential and commercial structures. In the long run, you'll likely see better use of space and less new construction (which is also more sustainable and less reliant on planned obsolescence).
Efficient Property Maintenance: Building Information Modelling, or BIM, allows architects, builders, and designers to code information about how a building functions in digital format. By layering that technology with property-machine communication, a sensor within a wall could signal to a facility management robot that the building's depreciation had reached a critical level, and that robot could inspect and repair structural problems without getting any humans involved.
Make some room! Sensor-enabled houses, roads with charging stations, parking spaces (as a result of driver-less cars) and even entire cities must provide space for the robots that will work for us, which means changing usage and planning processes.
They will change our economy: Automation will likely cause tremendous shifts in employment, which could lead to rapid change in consumer demand patterns. In real estate, these two contradicting trends will make the biggest impact:
A. Decentralization of work: The “pull factor” of the city as an employment hub ceases to exist, meaning that your future clients might want to move to cheaper and more remote markets. This hypermobility means that the traditional focus on a property's distance from employment centres could diminish.
B. Centralization of leisure: Assuming the successful implementation of a basic income, automation might allow us humans to focus on culture, reemphasize social activities, and develop to an experience-driven economy in city centers.
Brokers will hire robots to carry out real estate chores. Brokerages might find robots who can help with tours, virtual reality, and other tasks, which will cause shifts in real estate offices' demand for talent.
These are just a few changes that will impact real estate, But it only partially tackles the major elephant in the room when it comes to discussions about automation, and that's the job market.
Will Robots Take Over Real Estate Jobs?
There is no doubt that robotics will disrupt the real estate industry. Researchers forecast that more than 95 million jobs in the US and UK (more than 50% of the workforce) will vanish in the next two decades due to automation.
But, there seem to be quite alot of new jobs opening up in the world of RPA – Robotics process automation. On LinkedIn alone, there are over 1000 jobs open for RPA skilled workers. Click on the image below to read the job description for EY to see what kind of skills these workers are requiring!
These are not typical robots, these are 'software robots'.
RPA is one of the digital technologies that is starting to impact various processes across all players of the Real Estate sector and will unlock long existent pain points. It can help capture, validate and process financial and non-financial data in a far more efficient way.
How can it help Real Estate? Josh Herrenkohl, principal and global real estate advisory leader at EY explains how RPA will have the most impact out of all the technology available.