1 discussion, 4 experts, 7 key takeaways on CRE data transparency. Fresh insights from last week's ERES panel:
#1
Transparency builds trust, supporting long-term market stability. As one panelist said, "CRE is a relationship business. Improving confidence among participants benefits the entire system."
#2
Utility function - data to be transparent (accessible) must be digital, opening new opportunities for tech-based performance improvement across all levels.
#3
It reduces risk and improves liquidity - easy access to relevant information speeds up better decisions.
#4
Transparency can make business a positive-sum game, potentially increasing market growth through more win-win situations.
These insights are remarkable, but panelists Piotr Trzciński, Paweł Toński, Krzysztof Sakierski, and Prof. Björn-Martin Kurzrock agreed that significant challenges remain, and they're not easily overcome.
#5
Data quality is king. Without it, everything falls apart - there's no trust, no reduced risk, and no value added. As one speaker said, "Garbage in - garbage out.”
#6
Someone else said, "Business is just a bunch of people." That's very true, and that's why for data transparency to exist, market participants must see its benefits and agree to co-create this vision of the market. This condition is a must, whether we have the best quality data or not.
"Enthusiasm is necessary for any great change to take place."
Final challenge and opportunity:
#7
"Life is a game,
real estate is a game.
This shouldn't change."
Radical transparency often worries market participants about losing their edge or the market becoming boring. This is partly true - high value extraction and big bets must remain, especially for commercial real estate developers.
However, protecting the status quo is always short-term, and change brings huge opportunities for early adopters and pioneers.
I see transparency as the future bridge between real estate and technology.
--
originally posted on Linkedin on July 2024
#proptech #commercialrealestate
xtogro
npub1fz…wq6ch
2024-07-29 17:09:08
Author Public Key
npub1fz6su3wp5py6kkaqa26rs8c28d4jr5y642s6af43utd0yl4a674suwq6chPublished at
2024-07-29 17:09:08Event JSON
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"content": "1 discussion, 4 experts, 7 key takeaways on CRE data transparency. Fresh insights from last week's ERES panel:\n\n\n#1\nTransparency builds trust, supporting long-term market stability. As one panelist said, \"CRE is a relationship business. Improving confidence among participants benefits the entire system.\"\n\n#2\nUtility function - data to be transparent (accessible) must be digital, opening new opportunities for tech-based performance improvement across all levels.\n\n#3\nIt reduces risk and improves liquidity - easy access to relevant information speeds up better decisions.\n\n#4\nTransparency can make business a positive-sum game, potentially increasing market growth through more win-win situations.\n\nThese insights are remarkable, but panelists Piotr Trzciński, Paweł Toński, Krzysztof Sakierski, and Prof. Björn-Martin Kurzrock agreed that significant challenges remain, and they're not easily overcome.\n\n#5\nData quality is king. Without it, everything falls apart - there's no trust, no reduced risk, and no value added. As one speaker said, \"Garbage in - garbage out.”\n\n#6\nSomeone else said, \"Business is just a bunch of people.\" That's very true, and that's why for data transparency to exist, market participants must see its benefits and agree to co-create this vision of the market. This condition is a must, whether we have the best quality data or not.\n\n\"Enthusiasm is necessary for any great change to take place.\"\n\nFinal challenge and opportunity:\n\n#7\n\"Life is a game,\nreal estate is a game.\nThis shouldn't change.\"\n\nRadical transparency often worries market participants about losing their edge or the market becoming boring. This is partly true - high value extraction and big bets must remain, especially for commercial real estate developers.\n\nHowever, protecting the status quo is always short-term, and change brings huge opportunities for early adopters and pioneers.\n\nI see transparency as the future bridge between real estate and technology.\n\n--\noriginally posted on Linkedin on July 2024\n#proptech #commercialrealestate",
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