“Everything is heading towards full digitalization”. You’ve probably heard this countless times. However, what exactly is digitalization, and how can it help Your business? In this article, we’ll help you understand digitalization and demonstrate its practical applications for the real estate sector.
“Only 54% of companies follow a clear IT strategy and view their IT infrastructure as well established and, respectively, as a basis for their company internal digitalization.” – latest digitalization research by EY Real Estate and Zentraler Immobilien Ausschuss (ZIA).
Real estate experts have to handle great volumes of data and documents every day, all existing in different formats, some in paper form.
Managing them costs a lot of time, much is being lost, alterations cannot be reliably traced, so there are often several versions of one document, not mentioning the difficulty accessing these documents.
Time that can be used to keep track of new developments in the real estate sector and advance your company is being wasted on tedious routine assignments that must be addressed manually.
A characteristic feature of real estate is that a significant share of work is being done outside of the office.
This poses more problems, as employees may require secure access to data and documents on the go, which often creates delays.
And what about Work-Life-Balance? Employment trends are changing – employees want to have an option of working from home at least some of the time, and taking important documents home poses security risks. So many challenges, which cannot be addressed without digitalization!