As remote work continues to be the new normal, more and more organizations are shifting toward a cloud-based architecture, and the real estate investment sector is no different. The cloud has emerged as one of the biggest boons to the real estate industry, with stakeholders gaining access to data on any property from anywhere. With all property-related data available at their disposal, investors can answer customer questions about any property they are interested in. This reduces the need for manual labor and helps save significant amounts of time and money.
Available in three different service models, namely, Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS), cloud computing has become increasingly popular in the PropTech space. In addition to the cloud, Virtual reality (VR) has been pivotal to investors making smart investment choices. With the pandemic-induced travel restrictions in place, VR technology has emerged as a game-changer, offering investors the option to virtually visit a property before investing. At the same time, Robotic Process Automation (RPA) has also been beneficial for the segment. With the help of this technology, clerical jobs, such as regulating contracts and coordinating signatures and approvals amongst multiple vendors can be automated, reducing the overall operational costs. It also significantly minimizes the chances of human errors, resulting in more dependable results.
As the number of investment solution providers in the market rises, businesses need to carefully evaluate their options before identifying the right partner for their needs. To simplify and assist CIOs in identifying the most promising investment solution providers, PropTech Outlook presents "Top 10 Real Estate Investment Solutions Providers 2021" and "Top 10 Real Estate Investors Solutions Companies-2021."