IoT Application in Real Estate

In recent years, IoT technology has taken us one step ahead in property technology. The use of IoT technology, fueled by real-time data collection and analytics, has led to the preponderance of a virtual world where property data can be developed and managed with timely insights, diverse perspectives, and better predictions. To address this trend, two professional IoT and PropTech organizations co-organized a panel discussion on May 21 about Smart Construction, Sustainable Building Management, and more. SBI’s CEO Dr. Calvin Kam was invited as a panelist to discuss some real-world examples and the trends to come. He prompted the audience to reflect upon the ROI of different IoT and digital twin investment, and how best to find an optimal balance between them.