Real Estate And Cloud Computing

Real Estate And Cloud Computing

A recent report released by the Royal Institution of Chartered Surveyors (RICS) in the UK set me thinking about the potential of cloud computing in the real estate market. If there’s one professional who would really love remote access to prodigious amounts of data that have been filtered down to usable information, it’s the real estate professional. In this one sentence, we have mentioned application of shared storage, data mining and remote access – all possible, in fact the salient features, of cloud computing. Oh yes, there are the reduced cost implications to consider as well.

Evidently, the RICS agrees. In a report titled The Role of Cloud Computing in Commercial Property, the industry body said that a move to the cloud can help real estate companies reduce costs, free up space and create a flexible working environment. It also mentioned that a number of businesses in the country were already enjoying the advantages of cloud computing and it was time the real estate profession also got into the game. In fact, such a move would actually help increase the rate of adoption of cloud computing, the report opined.

As more and more businesses look to reduce their expenditure, cost-efficient operating solutions will become an increasing priority. The impending impact of businesses adopting the Cloud will be far reaching for the property profession,” said RICS spokesperson Andrew Waller. Note that in the UK, the word “property” may be considered synonymous to “real estate”.

Organizations that choose to adopt these virtual IT systems will be able to reduce their running costs and smaller businesses will be able to access systems which would, otherwise, have been beyond their financial means. Furthermore, by using virtual IT systems businesses will require less floor space, as large servers are dispensed with and the smooth, reliable remote access allows a greater number of employees to work away from the office on a more regular basis,” Waller added.

Let’s explore the possibilities a little further.

It’s obvious that the real estate industry can benefit from migrating to cloud computing. By eliminating the need for servers at the workplace, they can dispense with IT maintenance duties and concentrate their efforts in what they do best – develop, buy and sell real estate. Also, the space thus freed up can be used for other constructive purposes.

The real estate business can do with data mining to extract relevant information and better target customers. With cloud computing, companies can get access to computing power they couldn’t dream of earlier. This is similar to smaller universities getting supercomputer access to run complex simulations, something I had explored in a previous article.

Now, think of the real estate professional out on the field. She is showing some properties to some potential client when the latter requests an in-depth analysis of all the properties on sale in the region. Instead of traveling back to the office to retrieve that information, wouldn’t it be preferable for the professional to tap into the company database from her Internet-enabled phone and download the required information? With cloud computing, it’s a cinch!

It’s clear that for real estate companies, SaaS (Software as a Service) and IaaS (Infrastructure as a Service) will be much more important than PaaS (Platform as a Service), unless they want to develop specialized applications for the market. For a detailed look at the differences between these three, look up Cloud Computing For Dummies: SaaS, PaaS, IaaS And All That Was .

It is great for cloud computing that industry bodies are recognizing the importance of the technology in their respective fields. With more such endorsements, cloud computing can really take off in the broader market.

By Sourya Biswas

Sorry, comments are closed for this post.

Comics
Using Private Cloud Architecture For Multi-Tier Applications

Using Private Cloud Architecture For Multi-Tier Applications

Cloud Architecture These days, Multi-Tier Applications are the norm. From SharePoint’s front-end/back-end configuration, to LAMP-based websites using multiple servers to handle different functions, a multitude of apps require public and private-facing components to work in tandem. Placing these apps in entirely public-facing platforms and networks simplifies the process, but at the cost of security vulnerabilities. Locating everything…

3 Keys To Keeping Your Online Data Accessible

3 Keys To Keeping Your Online Data Accessible

Online Data Data storage is often a real headache for businesses. Additionally, the shift to the cloud in response to storage challenges has caused security teams to struggle to reorient, leaving 49 percent of organizations doubting their experts’ ability to adapt. Even so, decision makers should not put off moving from old legacy systems to…

5% Of Companies Have Embraced The Digital Innovation Fostered By Cloud Computing

5% Of Companies Have Embraced The Digital Innovation Fostered By Cloud Computing

Embracing The Cloud We love the stories of big complacent industry leaders having their positions sledge hammered by nimble cloud-based competitors. Saleforce.com chews up Oracle’s CRM business. Airbnb has a bigger market cap than Marriott. Amazon crushes Walmart (and pretty much every other retailer). We say: “How could they have not seen this coming?” But, more…

Do Not Rely On Passwords To Protect Your Online Information

Do Not Rely On Passwords To Protect Your Online Information

Password Challenges  Simple passwords are no longer safe to use online. John Barco, vice president of Global Product Marketing at ForgeRock, explains why it’s time the industry embraced more advanced identity-centric solutions that improve the customer experience while also providing stronger security. Since the beginning of logins, consumers have used a simple username and password to…

2017 Brings DLP Technology and IoT’s Weaknesses to Light

2017 Brings DLP Technology and IoT’s Weaknesses to Light

DLP Technology In regards to data loss prevention (DLP), in the last five years many companies rushed to implement DLP solutions without taking the time to first identify the data that should not transit egress points. Most of these rushed implementations have not been successful. Security analysts, in particular 451 Research, have been recommending that…

7 Common Cloud Security Missteps

7 Common Cloud Security Missteps

Cloud Security Missteps Cloud computing remains shrouded in mystery for the average American. The most common sentiment is, “It’s not secure.” Few realize how many cloud applications they access every day: Facebook, Gmail, Uber, Evernote, Venmo, and the list goes on and on… People flock to cloud services for convenient solutions to everyday tasks. They…

The Cancer Moonshot: Collaboration Is Key

The Cancer Moonshot: Collaboration Is Key

Cancer Moonshot In his final State of the Union address in January 2016, President Obama announced a new American “moonshot” effort: finding a cure for cancer. The term “moonshot” comes from one of America’s greatest achievements, the moon landing. If the scientific community can achieve that kind of feat, then surely it can rally around…

Three Challenges of Network Deployment in Hyperconverged Infrastructure for Private Cloud

Three Challenges of Network Deployment in Hyperconverged Infrastructure for Private Cloud

Hyperconverged Infrastructure In this article, we’ll explore three challenges that are associated with network deployment in a hyperconverged private cloud environment, and then we’ll consider several methods to overcome those challenges. The Main Challenge: Bring Your Own (Physical) Network Some of the main challenges of deploying a hyperconverged infrastructure software solution in a data center are the diverse physical…

Digital Twin And The End Of The Dreaded Product Recall

Digital Twin And The End Of The Dreaded Product Recall

The Digital Twin  How smart factories and connected assets in the emerging Industrial IoT era along with the automation of machine learning and advancement of artificial intelligence can dramatically change the manufacturing process and put an end to the dreaded product recalls in the future. In recent news, Samsung Electronics Co. has initiated a global…