Digital Lifescapes

Imagine a building that operates like a self-sufficient island, generating its own clean energy to power everything from lights to air conditioning, all while leaving no carbon footprint. That's the essence of a net-zero energy building, a revolutionary concept poised to transform the real estate landscape. Think of it as cutting the cord on your monthly energy bills, slashing greenhouse gas emissions, and attracting eco-conscious building tenants -- all while potentially boosting your asset value. The count of net-zero energy buildings worldwide will experience significant expansion in the coming years, according to the latest worldwide market study by ABI Research. Net-Zero Energy Buildings Market Development Driven by climate change imperatives, policy support, and maturing technologies, the market is forecasted to grow at a 29 percent Compound Annual Growth Rate (CAGR) through 2027. "With buildings accounting for over one-third of global energy consumption, the real estate...

The knowledge worker and frontline employee experience must adapt to support evolving work models. That includes a digital workspace solution, and perhaps a reimagined physical workplace. Workflow that is performed online will be augmented and optimized. Moreover, the format and design of enterprise office spaces are likely to be significantly transformed. It's inevitable. Traditional leaders who expected a return-to-normal environment have been greatly disappointed by the abandonment of inflexible workplaces. In contrast, many employees welcome the change.  Future Workspace Market Development Around 25 percent of organizations in the Asia-Pacific region are already redesigning their offices, and 70 percent will do so in an 18-month period, according to the latest market study by International Data Corporation (IDC). Why invest now -- given the current economic outlook? Organizations are redesigning their offices to bring employees back onsite and, at the same time, attempt to...

Recent global economic trends may motivate some leadership teams to make across-the-board cuts to their operations. However, the savviest executives will selectively optimize their operating budget to sustain strategic imperatives. Just 7 percent of Chief Finacial Officers (CFOs) plan to decrease customer service spending over the next 12 months, according to the latest market study by Gartner. Moreover, 21 percent plan to increase customer spending, and 72 percent plan to maintain spending. "In response to inflation, supply chain disruptions, and a tight labor market, CFOs will make trade-offs in spending that affect customer service and support (CSS) leaders," said Sarah Dibble, Director at Gartner . CSS Business Technology Market Development Their essential function is not a top priority for cost-cutting, compared to commercial real estate expenses or facility management and finance, which are most likely to face budget cuts next year.  Nearly all CFOs will prioritize digi...

Across a variety of industries, there is a growing integration of technology to automate manual transactions and make commercial processes more efficient. This digital business innovation has extended to many long-established areas of the economy such as logistics, insurance and regulation. However, thus far, the traditional commercial and residential real estate sectors have experienced minimal digital transformation. That's likely to change, according to the latest market study by Juniper Research which has found that revenues generated by property technology (Proptech) rental platforms will reach $6.5 billion by 2023 -- that's up from an estimated $290 million in 2018. Proptech Market Development Proptech refers to technology applications used to transform the legacy practices. Contrary to progress in other sectors, the property and real estate industries were held back by the incumbent's slow rate of change and adoption. But now that there is increasing investme...