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Technology developers have finally turned their eyes to CRE in a big way, and there is a tremendous crop of applications that zero in on the industry’s needs. So before the ball drops, get some of these great tools in place to make 2017 one for the books.
The Internet is a wonderland of opportunity, and users are subject to an ever-intensifying demand for their attention. In order to emerge from the sea of potential connections, retailers and business may resort to less than ethical practices. These tactics use our own psychological tendencies to hijack our attention online. As we all become more accustomed to this treatment, will we become less susceptible?
No matter what the industry, companies will do well to learn what they can about the demographic group that currently entering college and the workforce, commonly known as Generation-Z.
Whether you’re new to CRE or a veteran broker, you likely understand the value of personal connection for getting business done. If you’re reasonably competitive in the field, you also appreciate the benefits of technology tools. Certainly the two can go hand in hand, but it seems that when new digital solutions come along, there is always a bit of tension there
For many clients, real estate transactions are the most significant financial adventures they will ever experience. People invest their hard-earned money to buy a home, house a business, or generate income, and there is always an element of risk.
The term “all-in-one” is getting a lot of play lately, particularly with regard to digital solutions for business. It seems that having access to a tremendous volume of information and computing power isn’t such a big deal if it’s kept isolated. That is a simple but powerful idea.
If we really focus on where this is all going and look at the performance of some of the large department stores over the last few years —which has been less than stellar— and then look at the marketplace with respect to spending, it’s clear that B2C will need to create different unicorns. Internet spending is up. Retail spending is down. But, the pie has not decreased with regards to overall purchasing.
It’s really true that there’s nothing new under the sun. A case in point is our cyclical angst about the impact of technology on jobs. Since the Industrial Revolution we have worried about machines replacing people in various occupations.
From my point of view, being a leader is mainly about inspiring people to not only feel they have the tools to do their jobs, but to inspire them to think outside the box as if they own the company themselves. Finally, we’re able to demonstrate and show more about our companies through big data than ever before. But big data only becomes relevant (big) when you apply it to what means and matters to the people that work at your company —those doing the jobs necessary to keep not only the clients, but the people they work with moving forward and happy.