Nov - Dec 2020 6 PropTechOutlookEditorialProperty management is a business worth billions, undergoing changes with the advent of novel technologies. Digitization, in the form of PropTech, is entirely modifying how people buy, sell, and manage properties. For commercial property managers, embracing PropTech trends is an essential aspect to remain in the business. Likewise, the industry is doing well by accepting the technologies in all possible means. They acknowledge, organize, and apply the technology trends to give a strengthened experience to their users. Real estate and PropTech firms have to deal with multiple systems to execute their operations. Some of them are property management, spreadsheet software, customer relation, property updating, and a lot more. In some cases, it becomes a monotonous task to manage all this stuff. This is where Business Intelligence comes into the picture. BI helps to make the decisions much quicker compared to the conventional process. BI also facilitates property management and real estate firms to manage the vast volume of collected data efficiently.On the other hand, smart contracts are accepted by organizations as it eradicates the requirement of third parties, such as real estate lawyers, to help real estate transactions. Features like automatic signatures and an ongoing record of transactions also escalate the ease of signing contracts and enable seamless, streamlined interaction between tenants and landlords. Moreover, data plays a big part in everyone's lives, and the real estate sector stepped up to the plate. Big data and the growing use of algorithms for data-driven decisions depict a movement towards process improvement. The increasing significance of data makes way for better transactional transparency, benefit, and value. At this juncture, AI also marks its presence as it revolutionizes data into actionable insights through predictive analytics and machine learning. From designing to the leasing of buildings, AI is predicted to be the biggest disruptor of the commercial real estate industry.To be in the game and render an enhanced experience to the users, accepting trending technologies is essential. Property management with a digital commodity is turning out to be the new normal. It is changing the entire way a property is managed, bought, and sold. This new generation of the property management industry is proficient in managing huge properties with lesser efforts. As PropTech's metamorphosis continues, we present the 10 PropTech solution providers 2020 offerings that transform real estate markets. This edition features insightful articles that emphasize on the manifold benefits of using the latest technologies for better results. Let us know your thoughts!Revolutionizing Real Estate with TechnologyCopyright © 2020 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.NOV-DEC 2020 Email:sales@proptechoutlook.comeditor@proptechoutlook.commarketing@proptechoutlook.com NOV - DEC 2020 - 2020, Vol 02 - 06 Published by ValleyMedia, Inc. To subscribe to PropTech OutlookVisit www.proptechoutlook.com Managing EditorMark WilsonEditorial StaffVisualizerMatt RyderVictor Cruz Antony GonsalvesJasmin AliSara FernandesCristopher ReedJonathan Parks Susan EnglishSalesTom Francis tom@proptechoutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffMark Wilson Managing Editoreditor@proptechoutlook.com
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