Following a highly sought-after study on cyber security in the property industry, there are now new findings from the real estate sector: we are publishing the fourth edition of the white paper "Real Estate + Innovation".
Robert Betz
Partner Asset Management, Real Estate
KPMG AG Wirtschaftsprüfungsgesellschaft
This time, the new whitepaper sheds light on how artificial intelligence (AI) is revolutionising the real estate industry. It can optimise IT systems and enterprise resource planning (ERP), influences various asset classes and markets and is changing everyday working life and corporate cultures by automating repetitive tasks. The white paper provides a comprehensive analysis of these developments.
Focus on forecasting tools and data-based analysis methods
Special attention is paid to AI in construction planning and monitoring as well as in property development. Here, forecasting tools and data-based analysis methods allow precise market trends and customer needs to be recognised. The white paper also emphasises the role of AI in building operations, where it can make administration, maintenance and facility management more efficient.
Another focus is on AI in the circular economy, where it enables the sustainable use of resources and supports the ESG principles - environmental, social and governance.
Keeping an eye on data protection, cyber security and ethical aspects
However, in addition to the numerous benefits, AI also harbours risks, particularly in the areas of cyber security and data protection. Our white paper provides valuable information on how companies can protect themselves against these risks. Last but not least, the ethical dimension of AI use is discussed.
Robert Betz emphasises: "With this white paper, we show companies how they can use AI technologies in the rather conservative property sector not only to operate more efficiently, but also more innovatively and sustainably.