Asia’s only survey of technology adoption in real estate kicked off last week, giving industry executives the opportunity to share their experiences in implementing new systems and innovation at their companies and to gauge the impact of artificial intelligence on business operations.
The survey by Mingtiandi and Yardi is in its fifth edition this year and takes a special focus on AI, querying the extent that the technology has been adopted in Asia’s real estate industry as well as the challenges that companies and individuals face in using one of the biggest innovations in recent decades.
The survey was emailed to more than 12,000 Mingtiandi subscribers on Tuesday 23 July, with responses eligible for acceptance through 22:00 Hong Kong time on Friday 9 August. The 18-question survey takes less than five minutes to complete, and can be accessed through the link above.
The poll also looks at broader trends in tech adoption in Asia’s real estate industry, with the AI focus of this year’s tech survey comes after 34 percent of respondents to last year’s questions indicated that they expect the technology to have a revolutionary impact on the sector.
Results of the survey will be published on Mingtiandi during the fourth quarter of this year.
AI and Cybersecurity
After 34 percent of respondents to last year’s poll predicted that artificial intelligence will have a revolutionary impact on the real estate industry, the AI component of this year’s survey moves beyond expectations regarding artificial intelligence to probe the nature and extent of adoption of the technology among the respondents.
The poll asks respondents to note the status of their companies with regard to AI adoption, as well as any steps they have taken personally to leverage tools using the technology.
The questions also ask respondents to list which areas of their operations have presented the best opportunities for leveraging AI tools and what challenges they and their organisations face in implementing artificial intelligence systems.
With ransomware attacks and other online threats gaining more atention in recent years, the survey queries cybersecurity practices to provide a clearer picture of what steps companies are taking to protect their systems and safeguard data. The poll also seeks to document the frequency of cyberattacks in Asia’s property sector.
Where Asia Stands
To help industry professionals analyse the broader progress of technology adoption in Asia’s real estate industry, this year’s edition continues the survey’s tracking of system use in the region, as well as of obstacles impeding innovation in the sector.
The poll provides insights from a broad spectrum of real estate investment firms and service providers, with 36 percent of last year’s respondents representing companies managing at least $1 billion in property assets.
Of those participants, 20 percent came from fund managers, 21 percent were employed by developers and 34 percent worked for property consultancies.
Responses to the survey are anonymous with the results to be published in a report in the fourth quarter of this year.
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