Innovation and Disruption in the Real Estate Industry by David Eaves

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David Eaves talk from the 2011 Canadian Real Estate AGM

Transcript of Innovation and Disruption in the Real Estate Industry by David Eaves

future is already hereit’s just not very evenly distributed

- william gibson

Tuesday, April 5, 2011

Tuesday, April 5, 2011

UsefulNecessaryUbiquitousEasy to use

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Tuesday, April 5, 2011

ObsoleteImposed

Location specificCumbersome

Tuesday, April 5, 2011

UsefulNecessaryUbiquitousEasy to use

ObsoleteImposed

Location specificCumbersome

Tuesday, April 5, 2011

Tuesday, April 5, 2011

Tuesday, April 5, 2011

Tuesday, April 5, 2011

•Open and Accessible Data - the City of Vancouver will freely share with citizens, businesses and other jurisdictions the greatest amount of data possible while respecting privacy and security concerns;

•Open Standards - the City of Vancouver will move as quickly as possible to adopt prevailing open standards for data, documents, maps, and other formats of media;

•Open Source Software - the City of Vancouver, when replacing existing software or considering new applications, will place open source software on an equal footing with commercial systems during procurement cycles;

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Tuesday, April 5, 2011

data as platform

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GPS

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Precision Bombing

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Mining Equipment

Four Square

LocatingRescue Workers

Precision Bombing

Google Maps

Aircraft Positioning

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UsefulNecessaryUbiquitousEasy to use

ObsoleteImposed

Location specificCumbersome

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Gate keepers?

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your world is about to get

OPENTuesday, April 5, 2011

three predictions

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1.things are about to go J-shaped

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bigger winners, bigger losers

the bad will be more exposed

small differences = big differences

more nichesTuesday, April 5, 2011

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2.value ≠ access

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but then it never did

value =deeper analysisengagementconsulting

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information platform?

Your monopolyor someone else’s?

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3.No one in this room will want to change

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collapse of complex societies

&

innovators dilemma

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Lifestyle management

MLS

Amenity assessment

Home locating

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20 Employees$150M in Revenue

(and possibly much higher)

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CREA depends on a membership.

What if that membership shrank?

Radically.

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