8 Technologies that Real Estate Developers must adopt in 2020
As we move towards the digital world, the real estate developers must adopt with the latest technologies. Know which technologies we are talking of.
Technologies have been disrupting every industry, especially after the CoVid-19 pandemic. The real estate industry is no exception. The real estate businesses are leveraging new technologies to boost their operational efficiency, staff productivity, stakeholder relationships, and sales.
The pandemic has also forced the real estate developers to adapt new technologies and enhance digital transformation to bring agility by acting on the information derived from the real time data.
Real estate technology trends have the tendency to change the way real estate agents, developers, brokers, investors, and managers operate. The funding towards property technology is increasing each day, which is a good sign.
Real estate technology saves time & money by automating regular business processes and increasing data availability. An updated real estate software building credibility among leaders and potential buyers enhances customer satisfaction and lowers the average transaction times.
The global real estate software market is expected to post a CAGR of almost 9% during 2020-2024, according to the latest market research report by Technavio
Which Real estate technologies can developers leverage in 2020?
To help you get a brief knowledge about trending technologies, we have put up an overview of the 8 technologies that the real estate developers must adopt in 2020.
- Automation
- Blockchain
- Virtual Reality
- Big Data
- Machine Learning
- Artificial Intelligence
- Internet of Things
- Real Estate Chatbot
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