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 (See: How Can Cloud Computing Help In Education?).

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

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

2 Responses to Real Estate And Cloud Computing

  1. Hi Sourya, nice article on Cloud computing’s adoption in the real estate industry. Over the years I’ve worked with many clients in real estate and they certainly have an appetite to move their workloads to both public & private Clouds. I’ve seen many drivers, but one of my favorite is a company’s own field employees pushing IT to provide tools that are accessible via mobile devices. Most SaaS tools play nicely with mobile devices making it a perfect fit.

  2. Good Article! Cloud computing is getting more and more consideration in realestate. Our own solution, Propidex which is used for visual decision support by many of the top commercial reale state firms in the US and Canada formally announced its move onto cloud computing with Microsoft azure a few months ago. For us, azure stood out as a robust and reliable way to take our flagship products, Propidex and Corpidex, to a greater number of customers. Benefits we saw were:

    – Independence: users have access from anywhere using internet explorer and a windows PC;
    – Reliability: increased reliability through dedicated management;
    – Speed: high gains in product speed;
    – Security: azure offered secure servers maintained daily to provide clients with peace of mind;
    – Maintenance: deployment of new releases of our applications are faster and easier;
    – Cost: capital expenditure on IT maintenance is reduced and passed along to customers;

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.

Contributors

Cloud Infographic – Wearable Tech And Preventative Healthcare

Cloud Infographic – Wearable Tech And Preventative Healthcare

Wearable Tech And Preventative Healthcare There are so many exciting new opportunities available to utilize wearable technology in the future.  Areas such as nanotechnology disease monitoring, crowdfunding to wearable accessories are some excellent examples of the potential. Estimates vary, but appear to suggest that the market will produce between $14-50 Billion over the next few years. Included below

Ten Tips For Successful Business Intelligence Implementation

Ten Tips For Successful Business Intelligence Implementation

Ten Tips for Successful Business Intelligence Implementation The cost of Business Intelligence (BI) software goes far beyond the purchase price. Time spent researching, implementing, and maintaining your BI investment can snowball quickly and mistakes are often expensive. Your time is valuable – save it by learning from other businesses’ experiences. We’ve compiled the top ten

Knots And Cloud Service Providers

Knots And Cloud Service Providers

How Do These Two Compare? In Boy Scouts, I learned how to tie knots. The quickest knot you can tie is the slipknot. It’s very effective for connecting one thing to another via the rope you have. It was used in setting up tents, mooring boats to docks temporarily and lifting your food up into

Aggregated News

Popular News Sources

Storage Considerations for SharePoint Backups

Storage Considerations for SharePoint Backups

Storage Considerations for SharePoint Backups Wednesday, October 29, 2014 @ 9:00 am/12:00pm ET. Backup and Restore of a SharePoint environment can be a complex endeavor as the product consists of multiple components running at various tiers, each with their own backup and restore requirements. In addition, SharePoint documents are stored as Binary Large Objects (BLOBs) in

OpenDNS Deployment Leads to Twenty-Fold Decrease in Malware Infections at Hamamatsu

OpenDNS Deployment Leads to Twenty-Fold Decrease in Malware Infections at Hamamatsu

Decreases in Malware Infections at Hamamatsu OpenDNS, a leading provider of cloud-delivered security, today announced that it has enabled Hamamatsu, a Japanese manufacturer of optical sensor technologies, to virtually eliminate malware infections across its U.S. Read the source article at Finance News About Latest Posts souryaSourya Biswas is a former risk analyst who has worked with

IBM and Microsoft – What Are They Doing With The Hybrid Cloud?

IBM and Microsoft – What Are They Doing With The Hybrid Cloud?

What Are They Doing With The Hybrid Cloud? “Microsoft is committed to helping enterprise customers realize the tremendous benefits of cloud computing across their own systems, partner clouds and Microsoft Azure,” said Scott Guthrie, executive vice president,Cloud and Enterprise, Microsoft. “With this … Read the source article at CNNMoney About Latest Posts souryaSourya Biswas is a former risk analyst