Proptech has become quite the buzzword. It’s disrupting the real-estate industry at a considerable pace.
From automation to decarbonization; from sustainable construction materials to healthy indoor climates; the benefits of proptech are far-reaching. Here’s what PropTech has to offer and what are the benefits.
What does Proptech have to offer?
Proptech is a very diverse field. Let’s have a look at some of the ways it’s revolutionizing the real-estate market:
1.Automation:
Proptech companies from around the world have found innovative ways to automate buildings. From HVAC control to lighting; from security to appliance monitoring; virtually everything can be automated. Using cloud-based dashboards and smartphone applications, property owners and managers can control any of their building’s appliances without actually being there.
2.Greenification:
Proptech companies are playing a pivotal part in the journey to make our planet clean and green. Since the real-estate industry is the largest contributor to atmospheric CO2, these technological advancements couldn’t have come any sooner. There are companies that help buildings complete the renewable energy transition smoothly (like First Solar), and there are companies that retrofit old buildings to make them more energy-efficient (like ClevAir).
3.3D Modeling:
From creating interactive models using architectural blueprints, to estimating property measurements and materials from pictures; some proptech companies are changing the way we buy and construct properties.
4.Energy management:
Residential and commercial properties collectively consume approximately 40% of energy in the US. This is a main reason why an increasing number of proptech companies are focusing on creating efficient energy management systems (like ClevAir). By interconnecting all the appliances within a building, monitoring their energy usage, and applying modern data analytics, intelligent systems can find avenues of optimization. From HVACs to elevators and fire detection systems, even some of the most energy-intensive machines can be optimized.
5.Space management:
By converting nearby restaurants into safe workspaces (see workchew), and housing different companies together under one roof, proptech companies are enabling small businesses to grow.
6.Digital Property Ecosystems:
In an attempt to digitally connect the entire real-estate market, many online property ecosystems have been launched. They allow businesses to advertise online, and buyers to quickly navigate to the most relevant properties.
Benefits of Proptech for your building
- Save energy: Property owners are helping the world fight the battle against climate change by incorporating intelligent systems into their buildings. Solutions (like ClevAir) can reprogram HVACs on the basis of subtle changes in occupancy and outdoor climate, resulting in energy savings, in the Gigawatt hours.
- Decrease maintenance costs: By automating most of the maintenance work like HVAC reconfiguring, turning lighting on/off, locking/securing the premises, and appliance monitoring, a considerable amount of savings can be made.
- Get real-time insights: Building management solutions (BMS) can integrate with existing systems and appliances to give you a holistic overview of happenings within your building, in real-time. From energy usage to forecasting; from occupancy to energy saving tips; modern BMS dashboards are rich with features.
- Automated fault detection: By aggregating and processing historical data, smart building software can predict when an appliance is about to malfunction. This not only helps in early-and-automated detection of faults, but in also significantly reducing downtime.
- Better market outlook: A technologically advanced building garners a strong competitive advantage. Tenants and customers are willing to pay higher rates for cool features and improved living standards that smart and green buildings offer.
- Manage multiple buildings using software: When you own or manage multiple buildings, it’s especially difficult to be present on-site. This is where modern proptech software can help. All you have to do is open your laptop or smartphone, visit your management dashboard, and check how each of your buildings is doing.
Continue reading and find out more about the Leading Proptech companies from around the world
Originally published at https://clevair.io on November 2, 2020.
