Data and technology
This introduction gives a brief overview of the recent technological developments in the property industry and implications for owners and occupiers of real estate. It is mainly aimed at commercial property but includes some aspects relevant to residential markets and the construction industry.
All areas of the property business have some form of technological tools, but these have not made fundamental changes to established processes. However, recent developments in the availability of data, more sophisticated software and pervasive internet access bring the prospect of widespread disruption.
This section summarises the impact of technology in the construction, management and valuation of commercial property and briefly discusses some of the limiting factors or challenges RICS professionals may encounter.
This section is maintained by Andrew Knight, RICS International Data Standards Director.