KPMG Real Estate Innovations Overview
CRW KPMG real-estate-innovations-overview-2020
Digital transformation of industries is more present than ever in this year’s overview We recognize that especially developments in the digitizing field are becoming the cornerstone of many innovations globally We foresee that an acceleration of adoption is facilitated due to unforeseen changes, including the global pandemic Moreover, it has become evident that innovation differentiates per region across the globe and that Real Estate and Construction innovations serve the needs of the specific markets and societies.
To classify the innovations, we have used nine categories
- The first category, digitizing processes consists of innovations that digitize traditional processes This enables the processes to analyse more data, be accessible online and real time while making them more efficient and user friendly
- Flexible workspaces entails innovations that create the option for Real Estate to be flexible in time, location and environment
- Innovations in healthy workplace and living focus on the internal working environments, ranging from air purity to office treadmills for walking meetings, to optimize employee satisfaction, health or productivity
- Innovative constructions contribute to new ways of constructing Real Estate This may include architectural benefits or enhancements in construction materials and processes (e g 3 D printing and wooden skyscrapers)
- Internet of Things IoT applies to innovations that connect multiple devices, systems and/or buildings with the aim of making Real Estate more efficient, sustainable or user friendly
- New ways of funding are innovations that aim for making funding less complicated, more accessible and/or increase liquidity for both the demand and supply side
- Platforms to connect allow users to connect and interact with stakeholders (e g buyers/sellers, owners/tenants, or construction parties and maintenance) These could essentially result in optimized communication, collaborations, knowledge sharing and/or synergies
- Sustainable innovations focus on aspects such as energy savings, water efficiency and circular economy in order to sustain our natural resources These can be needed due to regulatory changes, sustainability agenda or cost reductions
- Virtual reality and 3 D mapping replicates an environment using computer and/or drone Technology or allows users to create an alternative reality