22 APR 2015
We're all interested in the future. How and where will we work and live? What will future cities look like? What professional skillsets and technologies will we use? We've identified six actions to meet our future challenges.
The RICS Futures programme explores the implications of key drivers for change to 2030, from mass urbanisation and the emergence of real estate as an investment class, to the rise of the worldwide middle class and the revolutionary promise of big data.
Our engagement with organisations across the world through the course of this project has led us to identify six areas where action is required over the next few years to respond to these new social, economic and business environments.
We need to support employers in attracting and retaining a more diverse talent pool to run the businesses of the future.
Doing this involves establishing partnerships that link employers, professional bodies and educators, to better understand supply and demand for talent in our sector and the type of skills that firms are seeking. New education options are also required to encourage and verify expertise in emerging areas of practice.
We need to promote education and standards that foster ethical behaviour within our sector.
Greater transparency, stronger legislation and penalties from governments, and the fact reputations can be damaged in hours if not minutes, is making ethics an important, whole-of-business issue.
We need to create a culture that doesn’t fear technology, but embraces it.
This means forming strategic alliances to gain access to organisations and individuals at the forefront of innovation, and enabling professionals to integrate, get support and benefit from these new ways of working. At the same time, there is a need to work with governments to understand the risks and opportunities associated with big data, and ensure that privacy and security are protected.
We need to help create better environments for increasingly urban future generations.
This includes providing resilient and affordable buildings, creating jobs and establishing sustainable and affordable transport systems.
Professionals need to help improve city management by using their expertise to secure finance for development and to improve land use planning and procurement practices, so that economic, environmental and social implications are not ignored.
We need to create a more dynamic profession that can respond to changes in the market and the wider society in which it operates.
Key to this are identifying and training professionals whose disciplines are undergoing significant change, as well as supporting those involved in emerging fields. Promoting closer collaboration across different professions is also vital.
Great leadership is essential to create a diverse, innovative and constantly evolving profession that offers a coherent and unified response to the challenges ahead.
For professional bodies, this means increasing the resources available to develop leadership skills among existing professionals and engaging more with firms of all sizes within the industry to ensure that they stay relevant.
Our series of RICS Futures videos capture the drivers and trends from our latest report. There will be major implications for the land and built environment sectors, requiring professionals to gain new skills. Videos included here are: