Known as proptech, this recent creation will see technology solutions be used to help solve real estate problems and create greater convenience.
“We’re taking an agile approach to technology that will allow us to meet our clients’ needs today while preparing for the opportunities of tomorrow. We believe in big corporations being part of the larger tech ecosystem, engaging with the start-up scene and academic researchers, and learning from entrepreneurs and innovators. Proptech is an opportunity for us all to work together, and that’s really exciting.” Says JLL Asia Pacific CEO Anthony Couse
One group helping with the proptech sector is the newly launched Data Science and Artificial Intelligence Research Centre (DSAIR). DSAIR is a place where artificial intelligence and big data analytics will be studied at Singapore’s Nanyang Technological University. These are both things that can be used to the benefit of real estate moving forward.
“Data and artificial intelligence will profoundly transform how the real estate sector is operated nowadays, changing the way infrastructure, people and businesses are managed, and possibly opening up new business models or revenue streams. DSAIR is committed to developing disruptive technologies and panel discussions like this one greatly facilitate this innovation process, by creating a common platform for various stakeholders to come together with a clear objective to further the field,” says Nanyang Technological University Associate Professor Wen Yonggang.
JLL has created or funded a number of proptech applications to help it serve clients by analysing, managing and transacting real estate. Among these proptech creations is a dashboard and reporting tool for property management called Acumen. It is also behind VR 360, a virtual reality service for design and build, as well as an online office space marketplace in China.
“At JLL we’re real estate experts first and foremost. We’ve been in this business more than 200 years. By pairing that deep, strategic knowledge with best-in-class tech expertise, we’re confident we’ll achieve our goal of being a world leader in real estate technology,” says Couse.
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