This time Galleria* invited the one of the authors of "Real Estate Tech Industry Chaos Map", NTT DATA Institute of Management Consulting Manager Atsushi Kawato, and he talked about the latest situation and future prospects of Real Estate Tech.

In addition to Zillow and Redfin, he introduced advanced examples of real estate tech in Japan and overseas, as well as the technologies used in them. For example, CARMERA (https://www.carmera.com/) is a service that provides high-precision real mapping of cities in 3D in order to enable safe driving of automatic vehicles, and it seems that the use of 3D data of maps as a substitute for GPS data is expected in the future. Real estate tech is developing not only in the field of living such as buying and selling real estate and renting, but also in various areas such as parking lots, offices, and urban development.

On top of that, Mr. Kawato thinks that the three keywords that will hold the future of real estate tech are "data," "throughout," and "other industries."

1. Data: In the future, data will be accumulated from a variety of sources, and decisions that were previously made based on personal sense and knowledge such as experience and intuition will be made possible by utilizing data and AI to provide optimal answers and make new discoveries.
② ``One-stop'': By implementing business processes from upstream to downstream in one company, it is possible to continuously improve products and services by repeatedly creating hypotheses and verifying them.
3) "Cross-industry": By accumulating and building real big data through existing services and real estate tech services, it will be possible to enter or collaborate with "different industries," leading to the creation of new added value.

It is said that companies that aim at these three directions will survive in the future real estate tech world and will expand their business significantly.
Mr. Kawato introduced the trends and prospects of real estate tech from a global perspective, and the members were stimulated a lot.

Galleria*: Inspirational internal study sessions held irregularly on Monday mornings.