The role of technology in the real estate industry

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dc.contributor.advisorMichell, Kathleenen_ZA
dc.contributor.authorWarburton, Daleen_ZA
dc.date.accessioned2017-01-19T12:15:29Z
dc.date.available2017-01-19T12:15:29Z
dc.date.issued2016en_ZA
dc.description.abstractThe global real estate industry is said to be five years behind the technology curve. By some estimates, as much as a third of global real estate assets are managed by spreadsheets. Despite this, venture capital firms around the globe invested $1.5bn in real estate technology during 2015 and a further $1.8bn in the first half of 2016 (CB Insights, 2016). Within that context, this research seeks to examine whether or not real estate companies leverage technology to achieve best value, what the major benefits of technology are and finally, the key inhibiting and enabling factors impacting technology adoption. Initially, a theoretical foundation of modern facilities management is laid, including its relationship to real estate. An examination of the most prominent broad and specific technologies follows. A qualitative approach was favoured, specifically, a case study combined with semi-structured interviews of information technology leaders in the global real estate industry. It was established that real estate companies do leverage technology to achieve best value, but that the degree, nature and extent thereof varies depending on a range of systemic, idiosyncratic and external factors. It was established that the most significant benefits of technology were operational efficiencies and remote accessibility of real-time operational data. The key enabling factors were found to be robust, affordable infrastructure, the consumerisation of technology, scale and technology-focused leadership. The absence of these factors were regarded as having an inhibitory impact.en_ZA
dc.identifier.apacitationWarburton, D. (2016). <i>The role of technology in the real estate industry</i>. (Thesis). University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management. Retrieved from http://hdl.handle.net/11427/22804en_ZA
dc.identifier.chicagocitationWarburton, Dale. <i>"The role of technology in the real estate industry."</i> Thesis., University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2016. http://hdl.handle.net/11427/22804en_ZA
dc.identifier.citationWarburton, D. 2016. The role of technology in the real estate industry. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Warburton, Dale AB - The global real estate industry is said to be five years behind the technology curve. By some estimates, as much as a third of global real estate assets are managed by spreadsheets. Despite this, venture capital firms around the globe invested $1.5bn in real estate technology during 2015 and a further $1.8bn in the first half of 2016 (CB Insights, 2016). Within that context, this research seeks to examine whether or not real estate companies leverage technology to achieve best value, what the major benefits of technology are and finally, the key inhibiting and enabling factors impacting technology adoption. Initially, a theoretical foundation of modern facilities management is laid, including its relationship to real estate. An examination of the most prominent broad and specific technologies follows. A qualitative approach was favoured, specifically, a case study combined with semi-structured interviews of information technology leaders in the global real estate industry. It was established that real estate companies do leverage technology to achieve best value, but that the degree, nature and extent thereof varies depending on a range of systemic, idiosyncratic and external factors. It was established that the most significant benefits of technology were operational efficiencies and remote accessibility of real-time operational data. The key enabling factors were found to be robust, affordable infrastructure, the consumerisation of technology, scale and technology-focused leadership. The absence of these factors were regarded as having an inhibitory impact. DA - 2016 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2016 T1 - The role of technology in the real estate industry TI - The role of technology in the real estate industry UR - http://hdl.handle.net/11427/22804 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/22804
dc.identifier.vancouvercitationWarburton D. The role of technology in the real estate industry. [Thesis]. University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2016 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/22804en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Construction Economics and Managementen_ZA
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherProperty Studiesen_ZA
dc.titleThe role of technology in the real estate industryen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMScen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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