Real estate catapults ahead
The dawn of proptech was 1980-2000 and saw the rise of software tools that made asset management easier.
Proptech 2.0 was 2000-2015 with the rise of the likes of Zoopla and Airbnb helping the consumer, in particular, to re-think their relationship with real estate.
We are now at the dawn of Proptech 3.0, driven by concepts such as AI, robotics, 5G, 3D printing and the Internet of Things, (IoT) which will create the biggest changes of all and will increase the speed of change after the seismic upheaval of COVID-19.
Many people see this as a fourth industrial revolution, representing a fundamental change in the way we live – a new chapter in human development enabled by extraordinary technological advances commensurate with the first, second and third industrial revolutions.
The impact on the built environment during the 2020s will be profound.
