19 JAN 2018
Thought leaders emphasize importance of professionalism, adoption of standards and skilled workers as new technology impacts the nature of property management.
Technology has emerged as a pivotal focus for many organisations, firms and professional bodies. While it is certain that innovation will trigger a disruption in property management, how organisations adapt to this disruption is uncertain.
We recently hosted a series of discussions between thought leaders to consider how the property management industry is changing with the advancement of technology. The discussions tackled wide-ranging topics but three themes emerged as central to the issue: professionalism, adoption of standards and the competition for skilled workers.
As data entry and repetitive tasks are increasingly automated, the role of the property manager will evolve to focus on human skills that cannot be automated for firms to continue to provide value to clients.
Advancement in technology will reshape the market, putting increased emphasis on the adoption of standards to ensure any data collected is applied according to good judgement and according to industry ethics. The required skills of the trade are evolving. It is essential that professionals keep up to date with industry shifts and upgrade their skills as required.
In response to the rapid advancement in technology, we have taken steps to bring confidence to the markets we serve. To prepare professionals for the change brought about by new technologies, we have:
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