We are pleased to introduce the fifth annual edition of the Real Estate Innovations Overview (REIO). Over the past years we have seen interest in real estate and construction grow further. KPMG recognises this and wants to facilitate the emergence and development of the innovations that could shape the Real Estate and Construction market of the future.
This fifth edition contains a total of 595 innovations, with 41 of these coming from Australia. The technologies showcased fall into nine categories:
- Digitising processes transforms traditional processes to analyse more data, be accessible online and real-time while making them more efficient and user friendly.
- Flexible workspaces create 'anywhere' and 'anytime' workplaces.
- Innovations in healthy workplace and living focus optimising internal working environments, from boosting air purity to office treadmills for walking meetings, to optimising employee satisfaction, health and productivity.
- Innovative constructions include enhancements in design and construction materials and processes, such as 3D printing or wooden skyscrapers.
- Internet of Things (IoT) innovations connect multiple devices, systems and/or buildings using online technology.
- New ways of funding aim to make funding less complicated, more accessible and/or increase liquidity for both the demand and supply side.
- Platforms to connect allow users to connect and interact with stakeholders, such as buyers/sellers, owners/tenants, or construction and maintenance providers - increasing collaboration and knowledge-sharing.
- Sustainable innovations focus on energy-savings, water-efficiency and circular economy in order to boost sustainability, support regulatory requirements and reduce cost.
- Virtual reality and 3D mapping replicates built environments using computer or drone technology, allowing users to create an alternative reality.