We recently had the pleasure of participating in a roundtable discussion hosted by the UK PropTech Association in collaboration with PGIM Real Estate on ‘Data for Real Estate Investing – the What, Why and How?’
We were invited to join commercial and residential real estate investors such as Patrizia, British Land, LaSalle Investment Management, and Savills, to discuss the major data challenges facing the industry and explore how real estate software can provide unique solutions to these challenges to support informed decision-making. The aim of the roundtable was to bring together real estate investors with the PropTech companies building the solutions.
“The real estate industry is presented with a particular challenge in an open, digital market – much of its data is held privately for commercial advantage and often inaccessible, unlike other types of investment where there may be a legal requirement for data to be transparent. One of the greatest challenges, which is holding back digital transformation and innovation in real estate, is opening proprietary data and managing the data internally. Often data is an organisation’s biggest asset and is the key to unlocking value and improving decision-making.”
The UKPA have written an informative write-up from the discussion which you can read below.