Friday, October 20, 2017
The Fourth Industrial Revolution and the Commercial Real Estate Industry
If you aren't aware of the concept of the 4th Industrial Revolution (4IR) or what it could mean for the future, the following article is a great starting point. As the omnipresent connections between humans and technology become stronger, these bonds will inevitably lead to significant changes to the world we live in.
The Commercial Real Estate industry itself is poised for massive changes. Rapid advances in manufacturing driven by 3D printing will bring industry to remote locations. Decentralization and real-time asset tracking will reduce requirements for warehousing and will increase the efficiency of supply chains. Office workspaces and homes will become increasingly connected by the Internet of Things (IoT). And if our thoughts are more fully connected to the digital world, one can almost guarantee that the "personalized retail shopping experience" will take on a whole new meaning.
Despite the risks, the potential is immense.
Learn more about the 4th Industrial Revolution here.