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Proptech – staying ahead of the curve

It is a dynamic time to be in real estate right now, with proptech starting to have an important impact on both the residential and commercial property sectors.


Yet whilst the UK certainly seems to have all the necessary components for proptech to flourish, if it is to reach its full potential the UK property industry needs to continue to build on this momentum by:

  1. seeking greater collaboration with technology experts, whether that’s as simple as engaging in conversation about what is happening or developing partnerships with specialists, the key is to work together, so that technology firms can develop solutions to problems that the property industry want solving;

  2. being willing to learn, which includes a willingness to fail and an ability to sustain the spirit to keep on trying out new initiatives;

  3. recruiting new skill sets, by hiring people who are innovators and have technical skills, including creating new roles at board level to ensure strategy is championed and implemented;

  4. being more agile, particularly in relation to the procurement processes of new partnerships and providers so as to be able to respond quickly in a fast-changing environment;

To read the rest of this article, please visit: https://www.propertyweek.com/professional/proptech--staying-ahead-of-the-curve/5096921.article


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