Digitization in the Construction and Real Estate Industry
We are living on the edge of a revolutionary digital transformation. Cloud computing, big data, social media, wireless networks, sensors are converging to renovate the world as we know it. Digitalization helps a great deal to collect, analyze, and trade substantial amounts of information on all sorts of actions. This helps companies to redesign their products and provides opportunities to design entirely new services, enhance the efficiency of support processes, manoeuvres supply chains. The use of technology empowers an organization to be the best in its industry.
The Real Estate sector is known for not being very savvy in implementing information technologies. The fact is that construction and real estate sector is mainly labour-intensive. The exceedingly disorganized structure of this industry and the comparative exclusivity of each product can be blamed for negligible use of technology.