RICS Tech Partner Survey 2023 [Electronic resource]
Language: English Publication details: London, Royal Institution of Chartered Surveyors, March 2023Description: 45pSubject(s): Online resources: Summary: What are the main drivers and challenges of PropTech and digitalisation in the profession? This survey report outlines the key takeaways from the 2023 RICS Tech Partner Programme survey. Two-thirds of PropTech companies are start-ups, according to the survey. However, a third of respondents were established market participants, many with decades of experience in providing mature and well-proven solutions. With the technology already available to the sector, the remaining barriers to digitalisation are around people, culture, behaviours, processes and investment. Financial factors are cited as a major barrier to adoption in the report. The pressure to manage costs and investment, particularly during the economic disruption and uncertainty caused by the pandemic, will have stopped or delayed adoption by many market participants. However, there is a need for solution providers to those building internal business cases to demonstrate a clear return on investment.| Item type | Current library | Call number | Status | |
|---|---|---|---|---|
| Online material | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | Available |
What are the main drivers and challenges of PropTech and digitalisation in the profession? This survey report outlines the key takeaways from the 2023 RICS Tech Partner Programme survey. Two-thirds of PropTech companies are start-ups, according to the survey. However, a third of respondents were established market participants, many with decades of experience in providing mature and well-proven solutions. With the technology already available to the sector, the remaining barriers to digitalisation are around people, culture, behaviours, processes and investment. Financial factors are cited as a major barrier to adoption in the report. The pressure to manage costs and investment, particularly during the economic disruption and uncertainty caused by the pandemic, will have stopped or delayed adoption by many market participants. However, there is a need for solution providers to those building internal business cases to demonstrate a clear return on investment.