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KPMG Global PropTech Survey 2017: Bridging the gap

KPMG Global PropTech Survey 2017

PropTech’s potential is undeniable. Is it time for real estate players to dive in?

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As the fourth industrial revolution continues to blur the lines between the built and digital worlds, we are seeing a significant transformation in the property sector.

New technologies, emerging businesses and alternative solutions are entering the mainstream. However, it is unclear what impact these changes will have on their existing business models in reality.

While there is no one-size-fits-all strategy to respond to the changes the industry is experiencing, it is evident that property organisations need to develop, implement and integrate a clear digital strategy now - if they are to stay ahead of the game in today’s rapidly changing environment.

Key findings of our survey include:

  • Disruption to acceptance: Property leaders can see where propTech will make a difference: in better decision making and lower costs. However, just 13 percent report they are at the cutting edge of PropTech so there is still a long way to go.Collaboration is key: Grow-your-own is rarely an option when it comes to deploying PropTech. Partnerships will be key.
  • Collaboration is key: Grow-your-own is rarely an option when it comes to deploying PropTech. Partnerships will be key.
  • Transforming company culture: Technological change is quickly becoming a board-level issue, and new roles such as chief technology officers and chief digital officers are increasingly important.

 

For more information download our report.

Participate in the second survey in this annual series

KPMG Global PropTech Survey 2018 - gain rich insight into the global industry’s conversations around “PropTech” and identify where attitudes and approaches have moved forward.

This annual survey aims to map the impact that innovation and technology are having across the real estate industry, and to better understand what steps organisations are taking to adapt to the new digital ecosystem. The results will help monitor the pace of change that the industry has gone through over the last 12 months and help organisations to benchmark their approaches against their local and international peers.

 

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