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Jakarta Post

Real estate today amid digital transformation

  • Harizul Akbar
    Harizul Akbar

    Certified property valuer and real estate analyst

Jakarta   /   Thu, July 11, 2019   /  02:28 pm
Real estate today amid digital transformation Illustration of real estate. (Shutterstock/File)

Discussing transformation means talking about change. The world is heavily influenced by change. This is shown by radical changes in various sectors, ranging from politics and economics to culture. Changes occurring nowadays are very much influenced and shaped by technology. There are three reasons as to why the current transformation is not only a continuation of the Third Industrial Revolution but rather represents the presence of the Fourth Industrial Revolution, which indicates radical changes: velocity, scope and systems impact. When compared to the previous industrial revolution, the fourth had no historical precedent, developed at an exponential pace and with high volatility. An Ernest and Young survey recently showed that 74 percent of participants from various industries responded that disruptive competition was the most significant challenge to be faced by the industry to...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.