Real Estate & Construction
Assessment of Digital Maturity

image

Synopsis

This industry group includes Construction, Real Estate and Urban Planning. construction markets are large. Construction is one of the world’s largest industries, comprising architecture, engineering, sub-contractors, general contractors and building product manufacturers, with a current US$7 trillion worldwide market (US$1.3 trillion US market) and an anticipated US10.7 trillion market by 2023. In construction, the system gaining most traction is Building Information Modeling (BIM), which replaces traditional hardcopy blueprints with 3-D computer modeling. VR/AR/MR technologies are enabling the fabrication, construction, and delivery without the use of traditional tools (blueprints, measuring tape, levels, etc) and in most instances, with less workers in up to 40% less time. Pre-Fabrication, Panelization, and Robotics are also increasing construction productivity. In real estate ownership and use markets, a business that has been primarily based on personal relationships is becoming more digital. Lease administration, property listings, billing, financing and investing are all undergoing a digital transformation, changing traditional industry relationships and disrupting intermediation practices. In addition to real estate marketplaces such as Zillow, instant buyer or i-buyer platforms, such as Opendoor, who buy properties online, are also entering the home sales market to eventually displace the real estate agent. Digital transformation in urban planning is also gathering pace with several cities becoming increasingly digitalized. Overall however, Industry mindset, and regulatory changes needed for adoption of new technologies and processes remain barriers to rapid change. Overall our assessment of digital maturity in the construction, real estate and urban planning market is around 70% with the US lagging behind Europe in terms of adoption and new startups.

We Provide

Take a look what we are offering to you

Industry News & Views

Industry News & Views

Interesting news, opinion or short blogs on Digital Transformation pertaining to companies in Agribusiness.
Case Studies

Case Studies

Digital Transformation Case Studies in Agribusiness compiled from publicly available sources
Industry Q&A Forum

Industry Q&A Forum

Access to our Digital Transformation Q&A forum, where  customers, suppliers and service providers and other members can help you get the answers that you need.
Post Feedback

Post Feedback

For your convenience, a place to contribute your comments, opinions and additional information that will benefit other members.

Industry News & Views

Take a look what we are offering to you

Case Studies

Digital Transformation in Real Estate & Construction - CASE STUDIES

How YIELD, an Australian company increases yields with Sensors and Analytics!

YieldThe Yield is an Australian agricultural technology company on a mission to transform food and farming practices by building secure, scalable digital technology to sense, analyse and predict on-farm growing conditions, and then deliver information in a usable format to help increase yield, reduce waste, mitigate the risk and cost associated with soil and weather and inputs. Partnering with Microsoft (Azure) and Bosch, Yield has received several innovation awards from Government and International organizations. Learn More..

Tire Company Transforms its Value Proposition from a Product only to a Product and a Service.
Toy Company digitally transforms its business model from toys to education, entertainment and technology incubator

Have a Burning Question?

Chances are someone has the answer! We invite you to post your question in our Q&A forum, where you can Categorize your question and tag it to one or more of the Digital Transformation related topics and apps.While we do not guarantee that another member will answer it in time for you, chances are good that one or more of us will.

Comments & Suggestions

For your convenience, if you have a comment or a suggestion or wish to contribute additional information to the Community.