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Paper eres2015_348:
Thinking - In and Outside - The Box: Asynchronous and Substitutable, Hyper-complexity and Predictability, Risk and Value, Sustainability and Permanence, Disruption and Destruction

id eres2015_348
authors Roulac, Stephen
year 2015
title Thinking - In and Outside - The Box: Asynchronous and Substitutable, Hyper-complexity and Predictability, Risk and Value, Sustainability and Permanence, Disruption and Destruction
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary Most property practioners are innocent of the prospects for and consequences of innovation, presuming that real estate involvements somehow are exempts from the forces of Creative Destruction and Disruptive Innovation. Notably, two of the most successful IPOs in recent times, AirBnb and Uber have profound real estate implications. The former now accounts for an inventory of lodging facilities larger than any hotel brand. The latter's assault on car ownership could realign spatial patterns, property values, and regional economic status.__How innovation threatens established interests and creates new opportunities, and thereby impacts the property markets, is the subject of this paper. The elements of the property process in the context of the supply chain and value chain are examined through the prism of change patterns over time, present vulnerabilities, future consequences and implications.__The many facets of the property box—its creation, function, placement, productivity, financing, experience, operations, management, profitability, value—are considered in the context of the six primary technologies: transportation, information, communications, knowledge/meaning, energy/power, money, that determine the demand for property goods and services and shape our places. This research builds on numerous prior studies by the author of these phenomena, extending over four decades, and integrates the implications of such powerful themes as the Internet of Things, Predictive Analytics, Big Data, Personalization and Customization, SaaS Business Models, Place Competition, Gamification, Amplification, and more.__
keywords Innovation, Development, Technology, Real Estate, Economics
series ERES:conference
type paper session
email sroulac@roulacglobal.com
discussion No discussions. Post discussion ...
ratings
session International Real Estate
last changed 2015/07/08 18:06
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