PlaceTech reports on the rise of automation behind the scenes in the property sector, noting that while it is often overshadowed by other technologies it is already being used in building the Internet of Things, in construction disruption and in addressing the demand for data. It noted that while automation will become essential to enhance the property industry, fears of related job losses remain, with the replacement of humans with robotic counterparts “a very real possibility” in some cases. Nigel Dalton, chief inventor at the Real Estate Advertising Group (REA), says real estate robots could replace agents as early as next year, but predicts that only “average” agents will be affected. Automating processes such as data collection and processing “will allow individuals in the sector to better focus their more human attributes,” the article notes, while virtual assistants and chat-bots are already forming close relationships with both clients and agents.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
October 25, 2019
January 7, 2020