In recognition of the importance that technology companies have on the built environment, RICS announced at MIPIM a Technology Affiliate Programme (TAP), to raise awareness of the tech firms who support the adoption of international standards and are actively helping to advance the property industry towards the fourth industrial revolution.
The programme gives tech companies the chance to build a professional profile and receive annual benefits while helping to increase awareness of the impact technology has on the real estate industry. TAP is open to any business offering data and technology solutions to the sector, from start-ups to large multi-national organizations and offers:
A global network: Being part of an expanding community with access to unique networking opportunities and high-level events and seminars Profile: Building profile and awareness of their products and services in the market with the use of RICS Tech Affiliate Logo, demonstrating participation in the programme.
Market Intelligence and access to recognized global standards: companies can gain understanding of market needs and guidance on interpretation of RICS standards and best practice and access selected market research.
Other benefits: discounts on RICS products and services
As technology reshapes the market, the adoption of standards becomes more important; this includes both technical and behavioural standards. The Tech Affiliate Programme gives tech firms the opportunity to be involved in RICS discussions on global standards to solve some of the new technical as well as ethical dilemmas, such as data handling and cyber-crime.
Next to standards, the impact of automation is likely to be especially disruptive on skill sets, especially in the areas of lease management, valuation and property, and asset and facilities management and will be seen in different ways. According to RICS’ paper on “The impact of Emerging Technologies on the Surveying Professions,” surveyors are likely to become either data scientists or client managers. This has implications for real estate education going forward.
This initiative will also help real estate professionals to adapt to the changing landscape and be open to the benefits that new technology can bring.
Sean Tompkins, RICS Chief Executive explained: “Technology is transforming the nature of the real estate industry. It’s leading to a much greater focus on flexibility over long leases, service over product and transparency over inefficiency.
Whilst research shows that the outlook for the property professional of the future is bright, roles will be very different in future. They need to be flexible, adaptable and open to the change that technology is bringing. Therefore, being professionally trained and equipped will be crucial. With this in mind, RICS is inviting tech companies to work with us and identify and address the risks and opportunities that technology presents.”
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