Coming Disruptions in Real Estate and Construction Industry

The first indicator of the quality of standards of life in a society is the confort and the affordability of housing for the majority of households… The pillar of the organization and functioning of a modern economy is around housing…

The biggest spending of households’ budget in general is about housing… Yet the construction industry and the real estate market are the only one parts of the economy where innovations have not yet brought efficiencies since the first industrial revolution although the mechanization in building houses and infrastructure…

The World Economic Forum gives an overview of how automation and technologies will change buildings we live in… Before changing the buildings, disruptive innovations in technologies, which are driving ongoing waves of the new industrial revolution, will radically change the real estate market and the construction industry… They are the ones where efficiencies from disruptive innovations in 3D printings, robotics and artificial intelligence will be the most remarkable…

Benefits from the coming disruptions for the human society will be huge by overweighting the side effects… Instead of using backyard manœuvres et dirty tactics to fight talented and inspired entrepreneurs who want to develop new business models to implement these innovations; there should be support based on Equal Chance and Equal Opportunities to make them succeed…

What is sure, without talented and conscientious entrepreneurs capable of developing creative business models in canalizing such efficiencies to the collective benefits; many economy may experience disasters… Don’t expect that obsolete business models will successfully adopt these disruptive technologies…

The notion of classic firm itself will soon be obsolete… Many indicators are already showing structural transformations: the average useful cycle of life of corporations is being shorten… Stock exchanges have seen a drastic fall of viable IPOs… Many mature economies are no longer creating growth… Their boom of employment comes from the shirking of active population…

With many current challenges, the benefits from disruptive innovations in technologies will not come from magical effects… It will require talented entrepreneurs and skilled policy makers working together to make them happen…

Time has come that new players with new ideas and creative business models be given the opportunity of driving the needed change! This is how change in human society has always happened… Nobody is indispensable! Societies that don’t understand this basic rule of change are set up to the path of decline because this basic rule is what drives the renewal and sustainability of a nation fabric!