Overview
Digital evolution and changing technology trends have impacted almost every industry, right from highly technology-driven industries to those running on traditional operations. One such industry that has seen a wide range of transformation from being offline-driven to digital-driven is the Real Estate industry.
Technology in Real estate is reshaping the way people interact, whether it is property management, buying, selling or renting.
Technological innovation and mobile revolution have further added to the advancements in the industry by contributing to the development of smart technologies like IoT, Cloud, Augmented and Virtual Reality, Automation, and Machine Learning.
Resultant is what we see today: Smart homes, virtual reality home tours, instant street view and realty search sites driven by Big Data and Machine Learning capabilities and others.
1.Big Data and Analytics sound decisions can be made using data-driven facts. Our solutions for real estate sector uses both historical and real-time information in order to provide insights on into patterns, trends, pricing, associations, demographic data, and potential value in specific locations.Our solutions for real estate uses both historical and real-time information in order to provide insights on into patterns, trends, pricing, associations, demographic data, and potential value in specific locations.
2.Virtual and Augmented Reality: Our services in VAR ensure properties are easily accessible just at the touch of your fingertips! You can visit potential properties online via virtual tours using Metaverse.
3. Internet of Things IoT refers to the appliances and devices that are digitally connected to the cloud and are constantly sending and receiving information. The adoption of this technology in real estate is a game-changer! It is because of IoT that we can imagine a world of ‘smart properties’ that seamlessly integrates the physical and virtual world.
4. Block chain buying, selling or renting any property involves a lot of money and personal information! Earlier, transactions of high-value assets such as real estate have never been executed through digital channels. Such transactions have often been conducted offline involving person-to-person engagements with various entities. Blockchain in real estate, however, opened up ways to evolve this process. It enables assets to be tokenized and traded such as cryptocurrencies. Real Estate is witnessing a disruptive evolution with Blockchain acting as the driving force. Also, blockchain in real estate can be used to verify encrypted transactions and ensure that no tampering can be done with the financial records.
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