Property Council Proptech Survey
Towards the technology tipping point
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New Zealand’s property industry has accelerated its investment in technology in response to Covid-19 and embraced new systems and processes at a faster rate than its Australian counterparts, according to a new report.
Despite this, six in 10 respondents to a survey conducted by the Property Council of New Zealand and software company Yardi still depend on spreadsheets to assess the performance of their portfolios. Changing existing behaviour and cost constraints appear to be the biggest obstacle to proptech adoption – outstripping resource, time, or confidence in project success.
However, things are looking up. Almost two thirds (64%) of survey respondents said technology would play a pivotal role in reshaping their real estate portfolios in the next three years. More than two thirds (68%) are now using Cloud-based productivity suites, for instance.
The overriding lesson from the Covid-19 crisis is that the world is now consistently inconsistent. Things can, and do, change overnight. Preparing for ongoing unpredictability requires new systems and processes.
Download the special report to find out:
- How significantly did the pandemic impact plans for workplaces and portfolios?
- What is the level of importance businesses have placed on technology in reshaping their workplaces within the next three years?
- How does New Zealand compare to Australia and the rest of the world in terms of proptech adotion?
- Is business process automation or big data analytics the next big technological change in the industry?
Please reach out to Sasha.Shatilova@yardi.com if you have any questions.
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