NOVEMBER 2019CIOAPPLICATIONS.COM6Copyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.November - 11 - 2019, Volume 05 - Issue 63 (ISSN 2644-240X) Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing EditorJoe Phillip*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffSalesSebastian Jacobsebastian@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405EditorialEmbracing the Beauty of ChangeThirty years ago, PropTech was strictly circumscribed to the primal needs of the commercial real estate world, explicitly managing the process of finding tenants or a suitable property, managing the process of rent and services charge, and valuing the property. The makings of the PropTech began in the mid-1980s, marked by the establishment of the organizations that provided software for the commercial real estate industry, Autodesk and NCREIF in 1982, Yardi in 1984, and Co Star in 1987. The emotion behind PropTech intensified with the dawn of the internet era when people started realizing technology's power to bring transparency and efficacy to real estate practices. The generation one of PropTech sprouted in the early 2000s with property search engines, such as Rightmove and Trulia, changing the conventional real estate agency models. Since that time, technological advancement in deep learning, Artificial Intelligence, and other big data technologies are driving significant innovation in all facets of the property sector. PropTech gradually turned as the epitome of property and technology and has been widely accepted as the synonym for the digitalized and automation focused transformation within the real estate industry. As per the study reports of KPMG, approaches and attitudes in the corporate real estate have taken a remarkable turn in the past 12-18 months, pointing that we have finally come to a period of acceptance. KPMG found that 62 percent of corporate companies now consider PropTech as an opportunity. Proptech has also succeeded in overcoming the hesitation of the traditional property leaders to shift their business models and their apprehension towards implementing new technologies. In brief, it has proven to be one of the world's fastest-growing investment sectors right now and growing perpetually by embracing timely changes and upgradations.This field of innovation has fostered as the result of relentless efforts from the technology veterans and a fistful of startups trying to disrupt conventional Real Estate by employing Information Technology, IoT, Platform Economics, Data Analytics, and much more to completely reformulate the entire process. In the wake of the rising importance of PropTech in today's business scenario, here we present to you a special edition on PropTech solution providers. We are featuring some of the key players in the PropeTech solutions industry who provide exceptional technology solutions related to the real estate market. We hope this edition will help you optimize your technology investments and deploy new capabilities.Let us know your thoughts.Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipGraphics & ArtGeorge MathewEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJune MichaelRose DcruzSenior WritersClara MathewLeah JaneRoyce D'Souza
< Page 5 | Page 7 >