Real Estate Partner Susan Freeman gave an overview of some of the challenges currently facing the proptech sector at a roundtable looking at the proptech agenda convened by housing minister Kit Malthouse.
'Property and technology are two entirely different sectors. Property is seen as staid and set in its ways, while tech is by its nature innovative and disruptive. Property is seeing huge disruption as it is challenged on all sides by rapid tech advances. One of our biggest challenges is to encourage collaboration between the two, rather than allowing tech to disintermediate the property sector.
Real collaboration requires property leaders to agree that sharing data is good for the industry, and this is an industry not used to, or incentivised to, collaborate. To overcome resistance, the benefits of sharing data need to be demonstrated.'
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