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These Are The Top Real Estate Tech Trends In 2020

Deloitte’s 2020 Commercial Real Estate Outlook surveyed 750 owners, operators and investors in 10 different countries across various commercial real estate sectors to gauge to top tech trends for 2020.

Jim Berry, a partner at Deloitte & Touche LLP, said that real estate is no longer about ‘location, location, location’ and has evolved into a new mantra that Deloitte has termed, ‘location, experience, analytics’.

“While real estate has historically trailed other industries in embracing technology and the use of data and analytics, we have seen a shift in this trend [..] over the past few years,” added Berry.

“Utilizing technologies such as artificial intelligence (AI) and the Internet of Things (IoT) has become an imperative for the commercial real estate industry. And, managing cyber risks continues to be front and center for real estate executives as they make decisions about the digital tenant experience,” said Berry.

GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.