Let’s explore why especially the technology startups have a true advantage in 2018.
- The overall cost has dropped dramatically – 999900% from 1990 until today to be exact. It’s cheap to build a startup on the internet.
- Artificial Intelligence (AI) has been implemented over most facets of the the lives of Americans and will continue to grow in uses with time and advances in tech. Any company involved in this has a clear advantage.
- Transformative Techology
– Real-Time Example: Shotspotter, Inc.(Courtesy of Google Finance 2018)
This technology features sensors that will notify local police of gun violence incidents only seconds are the trigger is pulled. The effectiveness of the technology provides widespread results that have a ripple effect in so many directions.
A Sample of Tech Startups that hit the ground running:
A Salesforce Researchers survey found that 79 percent of early adopters think wearables will play a critical role their company’s future success. Forecasters say that service industries, retail, healthcare, sales and marketing will be the avenues that wearable tech will be in high demand.
From smart homes and offices to smart cars, the future is bright in this arena. We speak to operating systems and tell them what we want. We are connected wherever we go. Property management automation options will play a big role in the future of office and retail especially.
Cybersecurity and Counter-Terrorism
Innovation is in demand to protect personal information, company records, government data and military infrastructure.
The greater the level of AI and wearable/mobile tech, the greater the need for protection and security from hackers. It’s a constant progression, with increasing need for monitoring and infiltrating tools.
In one fell swoop, Berkshire Hathaway, Amazon and JPMC threw the healthcare stock market into a tailspin as they announced that they were joining forces to develop a solution to their company healthcare concerns. One press release caused investors to lose billions of dollars. Disruptive technology challenges the sustainability of old systems, causing companies to be acquired or just simply go out of business.
Information Technology has become a focused concern for commercial property owners and property managers. Keeping up with “the next” is a daunting task for many small to medium size companies, let alone the property owner who is faced with sustaining the viability of his multi-tenant office building. Commercial developers have become the researchers in order to stay abreast of the ever-changing landscape. Whether we like it or not, the future is now folks, so buckle up buttercups.