Proptech Fun Facts by The PTC

Published on
March 6, 2024
March 9, 2023

Our team at the PTC is sharing weekly "fun facts" about the Real Estate + Proptech + Investment industry. Our team at The Proptech Connection is constantly in the Proptech market, with all sides in solving their problems.

Here's a few summarized...

No alt text provided for this image
The PTC offices

Google vs. Microsoft: 1-1

In 2021, Google claimed that "Google" was the most searched term for people using Bing. Much akin to that time when my high school crush, asked me for my best friend's number, I can attest to how tough this must have been for Microsoft.

It seems the tables have turned with $100bn being wiped of Google's market cap, in light of Chat GPT and Microsoft's collaboration. Has Cinderella finally got to go to the ball? We will see but some interesting developments we forecast will arise from this:

- Relevant structured datasets will be a key battleground. Owners of this will be highly sought after as once people get comfortable using the tech, the race will focus on refining output quality

-The potential $$ value of IP / data / intangibles will be more scrutinized and baked into investments

- M+A on a par with Facebook buying adjunct technologies at a significant premium (see WhatsApp, Instagram)

- Emerging techs who have this capability on their product roadmap will prioritize the development of this to max funding vals

- Owing to the above, the digitization of processes (particularly in digital laggards such as construction) will be accelerated

-Data governance and security will become key on leadership's risk KPIs.

- The resurgence of the over use of "data is the new oil"

No alt text provided for this image
Global Population Density

Global population densities

Fantastic visual representation of global population densities across the world. As the image shows, APAC is quite the congested place.

Many of the large APAC economies are now about to kick off a strong growth cycle and construction, work and living will be materially impacted by this.

With Jakarta set to take over Tokyo as the world's most populous city by 2030 and the Philippines holding the top 3 spots in the world for most densely populated cities, the scale of the opportunity has attracted many global Proptech VC funds to set up a base in APAC, as well as the creation of a number of new funds in the region. Excellent news for the ecosystem.

No alt text provided for this image
Perfect date

Data data data

Much like our confused Romeo in the image, Proptech adoption can throw up some quite interesting results. For us at the PTC, over 100 factors need to be reviewed, to help frame + execute a successful adoption strategy. Below is some of the advice we give to our clients:

- One tech wont deliver everything- Often the careful meshing of multiple solutions will equal more than the sum of parts. There is 16k+ Proptechs in the ecosystem (increasing every day as Proptech + Cleantech lines blur) so there are many solutions to pick from.

- The biggest disconnect is between decision makers and the actual tech users-Understanding each stakeholders unique needs is paramount to successful adoption (and determining ROI.)

-1 bad review is apparently worth 40 good reviews- A lack of post-implementation support is why many lose interest / view the tech negatively. Tech integration needs momentum to get over the initial adoption hump. Otherwise many "use" the tech with workarounds (Excel!) and lambast how poor it is at the Christmas drinks.


No alt text provided for this image
Data Led Benchmarking

Media archive

Filter by:
Category
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Impact of Printing on Affordable Housing

November 19, 2024

Europe Real Estate Featured in The PULSE

November 19, 2024

Building Management: Climate Change

November 19, 2024

Europe Real Estate

September 26, 2024

The PTC to Present at The District Show 2024

November 19, 2024

Investing in Saudi Arabia

August 15, 2024

Gen AI Costs

August 1, 2024

Building Information Modelling

June 27, 2024

The PTC at Global Real Estate Symposium

November 19, 2024

Proptechs Impacting "G" in ESG

November 19, 2024

Advanced Retail

June 3, 2024

Insurance Premiums for Residential

June 3, 2024

Asset Repurposing

June 3, 2024

The Future of Work

June 3, 2024

CVC and Proptech - A Perfect Marriage?

November 19, 2024

The AI Future Featured in The PULSE

November 19, 2024

The AI Future

June 3, 2024

Construction Automation

June 3, 2024

Proptech Usage in Indian Real Estate

June 3, 2024

Space-Facilitating Immersive Experiences

November 19, 2024

Impact of AR on the Home

June 3, 2024

Sustainability in Construction

June 3, 2024

Q&A Session with London Proptech Show

November 19, 2024

Proptech Fun Facts & Insights

June 3, 2024

Proptech Fun Facts & Insights

June 3, 2024

Proptech Fun Facts & Insights

June 3, 2024

ESG + Real Estate + Benchmarking

November 19, 2024

Buildings as Batteries

June 3, 2024

The PTC to Present at Chicago Innovate

November 19, 2024

What Does Proptech Mean?

March 6, 2024

Building Sustainability

March 6, 2024

Proptech Fun Facts & Insights

March 6, 2024

Brazil Builds

March 6, 2024

Proptech Fun Facts & Insights

March 6, 2024

Proptech Fun Facts & Insights

March 6, 2024

Saudi's NEOM: "New Era of Modernization"

November 19, 2024

Proptech Fun Facts & Insights

March 6, 2024

Be smart Choose Smart

November 19, 2024

On Fire, Tech to the Rescue?

November 19, 2024

The Impact of AI, for Real Estate

March 6, 2024

Who are "The Proptech Connection"?

March 6, 2024

Proptech & Housing Affordability

March 6, 2024

Proptech Facts

March 6, 2024

The PTC Featured in The Measure

November 19, 2024

Constructive Changes...

March 6, 2024

Concrete Threat

November 19, 2024

Proptech Showtime...

November 19, 2024

Proptech Fun Facts & Insights

November 19, 2024

Industrial Revolution 4.0

March 6, 2024

AI Take-Over

November 19, 2024

Powder Box

November 19, 2024

It's Electrifying...

March 6, 2024

How Do We Support the Proptech Ecosystem?

November 19, 2024

Multifamily and the Proptech Landscape

November 19, 2024