With all the emphasis on new technology for real estate, incorporating the now In technology, there's an old saying about paving cow paths. You can use tech to automate and replicate what has been there before. It might be smoother, with sidewalks, and a traffic light or two. But in its heart, it's still a meandering track left by a series of cows.

Which is fine for cows who get to wander, but probably not a good model for corporate efficiency. If you want things to work better, you need to know what they're doing now and how they could be improved. Which is why taking some non-tech time is important.

In theory, software applications offer one of two approaches. The first is to allow enough configuration and customization to ensure that they work the way you want to. The other is to provide a pre-existing framework of how a particular business or commercial function should best function and then to impose that view on the users.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.