For long, the real estate market was stuck in old-age practices. However, the digital revolution of technologies like Artificial Intelligence and Machine Learning has disrupted the landscape bringing along a new breed of tech start-ups with creative solutions and the results are nothing short of amazing.
Although there are proactive real estate companies that have acquired these solutions, many are yet to clear the path for the disruption that is yet to come. Modern real estate companies know how valuable online presence is. Besides, building a custom website is no longer as complicated and expensive as it once was – professional full stack developers do this in no time. While a website is almost a must-have, some companies do far more than that and manage to use cutting-edge technologies to improve their business.
According to a 2018 report by Grand View Research, the global Real estate market holds the lion share of the asset class, more than stocks and bonds combined. The same report indicates that this market is expected to hit $4,263.7 billion in revenues by the year 2025.
With such huge stakes, the opportunity for tech-oriented firms to compete in this landscape will continue to be driven by limited innovation and slow adoption of technology.
Here are three tech startups that already have boots on the ground in trying to make the real estate world a better place.
Whether you are buying or selling a house, an appraisal is one of the most important aspects of this process. It helps you establish the true market value of the property which essentially means you buy at the or sell at the current market price. Moreover, if you are looking to finance the acquisition through a mortgage loan, the lender requires an appraisal as security for the mortgage.
Bowery is a tech company redefining how real estate appraisals are done thanks to their apt and cutting-edge technology in big data. In realizing valuation and appraisal processes need to keep up with changing technology, they have developed cloud-based software that automates and optimizes the appraisals writing process compared to manually doing it.
Instead of using antiquated methods, Bowery’s intuitive software utilizes passive databasing to automatically pull data in public record data meaning the appraisers don’t need to spend countless hours mining for the data on the internet. Moreover, sales and rental and sales statistics are stored in the database and can be easily lifted through a map-based search.
Another excellent attribute of the Bowery property listing tool is the deployment of natural language generation. Essentially, it reduces the turn-around time by helping the appraisers generate clients’ reports easily without having to manually write everything.
In 2018, the start-up plugged in additional resources in form of seed funding campaign which has allowed them to create a mobile app that allows real estate appraisers to tick off items in boxes, rather than note everything down.
On the mention of the word blockchain, the first thing that comes to mind is Bitcoins. What most people don’t know is that this is a technology upon which Bitcoin and other synonymous cryptocurrencies are built on.
In 2017, Michael Arrington was the first person to use an Ethereum smart contractto buy real estate. Since then, it has been a hot topic in the real estate circles and start-ups like Atlant are starting to leverage the technology to build a business around it by creating a decentralized marketplace.
Given the overly fragmented real estate market, it’s very difficult for investors to acquire a piece of real estate property in a timely and secure manner. Atlant is trying to change this through P2P rentals and tokenized ownership.
Tokenization of real estate market eliminates liquidity problems as investors are able to convert the value of real estate assets into “tokens” to represent that asset and trade them at any moment in time. Moreover, the secretive operation in terms of property prices, lease rental rates, and valuations has left many investors on the losing edge. The Atlant blockchain system has brought transparency in all the transactions by availing them to the public.
Although real estate data is the driving force behind the whole industry, it’s one of the areas that has persistently continued to resist disruption. This is because most real estate companies keep data stashed away in locker rooms or spread across regional databases in the case of the US.
Driven by the hunger for this data, a real estate tech start-up by the name Enertiv utilizes data analytics to improve building commercial real estate projects operations.
The tech savvies go beyond BMS data visualization to tracking critical components of a building to individual pieces of equipment like air conditioners. As a result, they are able to deliver targeted insights into a building offering real-time comfort for tenants. The level of transparency in their software makes buildings operations and management easier, increasing profitability.
As you can see, there are real estate tech companies already making an impact in the real world. If you are looking to start a company in the same niche, here are the common mistakes to avoid.
This FREE eBook is for every woman who wants to defeat office politics and make it to the top in the world of business
Work space politics and gender based discrimination are some of the major reasons which preclude a large number of women from realizing their true potentials. A to Z of Power for Women in Business: The essential guide for any woman who is battling office politics and the boys clubs that still permeate business today is the recent book written by Charlotte Montgomery which aims to tackle this issue.
Talking with Times of Startups, Charlotte said that the even though the chances of success for both men and women at the beginning of their careers are same, with time, office politics and gender biased work environments make it increasingly harder for women to succeed.
” Every woman who is navigating unfair office politics at work pose themselves with a lot of questions. Will they like me? Am I not good enough? Is it my personality? Is there just something about me? Am I not management material? Do my subordinates not respect me, is that the problem? Women may also feel overlooked and grow cynical seeing senior roles being filled within her organisation with men and women far less qualified and experienced than her.” she added.
“As a career and business coach, these are the musings I hear most from my clients. From a certain cohort of my clients. Most of the women I meet are strong, talented, motivated, kind, polite, plays fair and expects the world to do the same. But they rarely get a chance to get ahead. This book is a short read that provides essential tips and tricks for you if you are tired of being overlooked for promotions and want to get the success you deserve! And fast!”.
Quick solutions to keep your Mac as good as new
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Are you also tired of this sign? Do you often think about the good old days when your Mac was working smoothly? Is slow processing of Mac becoming a hindrance in your work? If your answer to these questions is ‘Yes,’ then the thought of purchasing a new Mac must have crossed your mind at least once.
But, hang on!
Before you Google for a new Mac, you must understand that after using a system for a while, it might cause some hassles. Of course, replacing or buying a new device every time your device starts to lag or slow down is not a practical solution.
Besides, most people don’t have time to send the device to the service center. In fact, surviving even a day without Mac will negatively affect your work. Therefore, we have collected a few measures that’ll help troubleshoot the problem and make your Mac work like it’s brand new.
To learn more about it, keep on reading!
Regularly backup your file
Generally, when the storage of your device gets full, it starts lagging. Imagine you need to do urgent work, but your Mac won’t support you. It’ll be a daytime nightmare!
You don’t have to face such a situation. It is advisable to keep the space in your Mac free (at least 10% of the disk space). How? You can create backup files in cloud storage, USB, or hard drive and delete unnecessary folders. This way, you’ll be able to free up some space, and your Mac will start running fast just like when you bought it.
Don’t forget to clear the cache
Talking about clearing Mac space, people tend to forget clearing the junk and cache files. Later it affects the processing of the device. If you don’t know how to remove it, various websites on the internet can provide you with good tips and techniques to clear the cache. There are three types of cache in Mac: System cache, Browser cache, and App cache. So make sure that you’ve deleted all the files.
Protection against malware
One of the myths about Mac is that it is not vulnerable to malware and viruses. That is the reason why most Mac users do not install anti-malware or antivirus software. However, once any virus enters your device, it will affect the processing of the system.
That’s why, to protect your Mac from every virus and threat, you should install antivirus software. It will help in detecting any harmful files and will safeguard the device by restricting the downloads.
Keep your system software up-to-date
Last but most importantly, always update your system software. Usually, software updates fix the bugs and help smooth functioning, eventually making it easy to work efficiently. To update the software:
- Go to system preferences
- Select the software update icon
- Click the update now button (if update are available)
That’s it! Your Mac will be good to go.
There will be times when you are in a hurry and need to submit quality work. In such a scenario, Mac becomes your best friend that’ll help you. However, to ensure that this best friend stays with you for a long time, you need to take care of it by updating it regularly, keeping backup and clearing cache, and making space.
4 Material Handling Tips for a Safer Workplace
It doesn’t matter what industry you belong to; when you are dealing with heavy loads, it is crucial for you to follow the right safety protocols for everyone’s safety. Material handling is something that a lot of factories and warehouses have to deal with on a daily basis and is a common part of a worker’s job. However, this simple task can become quite dangerous if you are not following safe material handling techniques. That is why it is vital for every company to provide their workers with guidelines and equipment that can help them move materials safely. In this article, I have mentioned a few material handling tips that can help you make your workplace safer; let’s have a look:
Design the Workplace Right
The workplace design plays an important role in material handling and can make your workers’ job easier if done right. That is why it is recommended that you design an ergonomic workplace to keep the risk to a minimum. The main ergonomic risk factors include forceful extensions, poor postures, and repetitive motions. Pushing and pulling materials or repeating the same motions repeatedly can cause injuries and long-term health damage among workers. You can improve the ergonomics of your workplace by focusing on a design that is best suitable for your industry and will make things convenient for your workers.
Invest in Conveyor Systems
Another great way of mitigating material handling risks is to invest in conveyor systems. If your warehouse or factory is moving a considerable amount of materials every day, then it is only wise to invest in conveyor systems. By installing conveyor systems at your workplace, you can streamline the process, making things easier for workers. You will also not need the same amount of man force once you have installed conveyor systems. Also, not only it helps you save resources, but it also saves you plenty of time by transporting goods from one place to another in a very small amount of time. If you want to boost your ROI by saving resources and time, you must consider investing in conveyor systems. You can check Mainway Handling to learn more about conveyor systems and how they can help with material handling.
Provide the Right Protective Gear
It is the responsibility of the management to provide their workers with the right protective gear. Accidents happen all the time, and not all of them can be avoided. Having the right protective gear can protect your workers from serious injuries. That is why it is strictly recommended that you provide all your staff with complete gear that can protect them in case of an accident. You should provide them with the following equipment:
- Eye protective gear, i.e., safety goggles
- Steel Toed Boots
- Forearm Pads and Knee Pads
- Thick Gloves for Finger protection
- Metatarsal guards for Foot safety
Make wearing protective gear mandatory for all the workers in the workplace. It is vital that you implement this rule strictly so that the workers won’t act irresponsibly.
Educate Your Workers about Body Mechanics
It is vital for your workers to understand body mechanics and avoid postures and movements that can cause them long term injuries. You must teach them about body mechanics to ensure that they are moving the right way and are at no risk of any serious injuries. You can do this by providing them booklets with instructions, and you can also arrange training seminars for them. You should also make every new worker go through a short training process to teach them how to do their job safely.
Sayches’ Fish, Overconfidence or Real Ability?
This FREE eBook is for every woman who wants to defeat office politics and make it to the top in the world of business
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