Do you feel overwhelmed by the number of PropTechs out there? -
Here are the top 6 PropTechs you must know to succeed
You are not alone—many industry professionals find it difficult to keep up. Just the other day, I had a meeting with a colleague who was discussing the latest developments in PropTech. While he debated the advantages of various platforms, he felt lost and struggled to understand the differences between them.
It became clear we needed to dive deeper in this rapidly evolving landscape. - so let's get started!
What are PropTechs?
PropTech, a combination of "property" and "technology," refers to the digital transformation of the real estate sector. While it's often linked to startups, PropTech extends beyond that to include digital innovations that enhance the entire value chain. This includes tools like virtual tours, data analysis, and management platforms. PropTech offers various opportunities to improve asset management, enhance user experiences, and promote environmental sustainability. It's revolutionizing the industry and inspiring many innovative startups.
Shattering the Status Quo: How PropTechs Are Digitizing the Outdated Real Estate Industry
The property life cycle has many challenges, from planning sites to recycling old materials. PropTechs are here to solve these problems with exciting solutions.
Let’s take a look at the six biggest issues and how PropTechs are changing the game!
1. More sustainable planning in construction with Alcemy
Alcemy is transforming the construction industry with AI-powered technology that aims to drastically reduce CO2 emissions in cement and concrete production. By using data that is already available in the production plants, they have a lever to save around 1.2 gigatons of CO2 worldwide. This innovative approach is particularly aimed at project developers who must deal with the reduction of grey energy in building construction. Alchemy starts at one of the central points of the construction industry - the concrete. By applying sensor technology and machine learning, they impressively demonstrate how new technologies can have huge impact in a traditional industrial process in the short term.
2. Sustainable realization in cities by Vattenfall
Founded in 1909, Vattenfall continues to present innovative solutions in 2021. Under the name “Cooling Smart”, it presents an advanced technology that ensures energy-efficient and environmentally friendly building cooling. “Cooling Smart” uses a high-performance heat pump without recooling technology, which not only frees up additional building space, but also saves raw materials and energy. The integrated waste heat is fed into the city heating network, thereby conserving resources. This solution fulfills the increasing requirements for sustainability and energy efficiency in buildings and makes a positive contribution to improving the urban climate. Waste heat recycling avoids additional heat in the ambient air, noise emissions have been reduced and new, attractive urban living spaces have been created that sustainably improve the urban climate.
3. AI in property marketing through Breeze
Breeze, a Berlin based property company, strives to bring tenants and landlords together using artificial intelligence (AI) based on interests and profiles. Their matchmaking platform enables efficient and meaningful connections between tenants and landlords so that users no longer have to waste their time on endless searches and can instead focus on their priorities. Breeze strives to set new standards and create a better future in the property industry for everyone.
4. Valuation algorithms in property financing
Property Financing plays a crucial role in the realization of residential and commercial property projects. PropTechs in this area focus on solutions that improve the financial side of property transactions. A growing market is emerging through tokenized real estate, such as Brickmark, which facilitates access to investment. They use blockchain based platforms to reduce the administrative burden of fund management. Investment decisions are accelerated with the help of valuation algorithms, which are helpful when granting loans or purchasing real estate, for example.
5. BI in asset and portfolio management
The Realcube cloud platform revolutionizes modern asset and portfolio management with an advanced dashboard solution. With innovative business intelligence (BI) and customer-specific data lakes as a "single source of truth", it optimizes real estate and portfolio management and meets all taxonomic ESG and sustainability requirements. Thanks to its open API interface technology, it enables independent, efficient and simple digital real estate and portfolio management across the entire life cycle and in all building areas. The uniform data language offers for the first time the comparability of different portfolios on a common and clearly structured data standard.
6. Watchwire by Tango for sustainability
Watchwire by Tango plays an important role in the ESG context of the real estate industry. ESG refers to criteria for sustainable business practices by companies. WatchWire is a software-as-a-service solution for sustainability and energy management. By combining various data sources such as utility, weather, commodity market, metering and building data, WatchWire provides data-driven services and insights that help customers pursue and achieve their ambitious sustainability goals. In doing so, they save time and money, reduce risks and identify cost-saving opportunities. Regardless of the end applications, timely, accurate and complete data is critical for energy and sustainability management and reporting.
PropTech start-ups' offerings: how they are changing the real estate industry
Over 500 PropTech solutions are currently revolutionizing the real estate industry by comprehensively covering all phases of the real estate life cycle. From planning, real estate financing and construction to letting, managing and selling properties, they offer a wide range of solutions. Innovations are groundbreaking for many companies, but they only develop their full potential with an experienced and specialized consultant at your side.
We hope this blog article helped you gain a deeper understanding of PropTechs and their impact on the real estate industry.
Do you want to implement PopTechs, but don't know where to start?
We - the team at POGO Consulting - advise and support companies in the introduction of new solutions for efficient real estate management. Contact us now and we walk you through the process!
Our experienced team at Pogo-Consulting is here to help you optimize your business. Contact us today and let us inspire you with the possibilities of the latest innovations to take your business to the next level.
References
Biblus - Link
Sorglosmakler - Link
Planradar - Link
DS - Link
Breeze - Link
Alcemy - Link
Zia-Innovationsradar - Link
Duden - Link
Transformation der Immobilienwirtschaft - Link
Realcube - Link
Vattenfall - Link
Brickmark - Link
Euramco - Link
Watchwire by Tango - Link
Picture Source - Link