© Kykloud

Construction, Property & Real Estate

TechEd Bartlett, MRICS

Content

• Dynamo

• Dynamo Build

• What is going on, who is investing, and what the future holds

• 5 revolutionary technologies across the digital property lifecycle

• Building the North East’s enterprise IT cluster to achieve national and international recognition for excellence in delivering IT software and services.

• Dynamo is an industry-led initiative focusing on growing the tech sector in the North East.

• Four streams of activity:• Be a focal point for regional IT growth• Promote our region externally• Develop skills and education• Support regional research and development

• North East is a hotspot for tech firms in the UK. The region is home to several national and international players including Sage Software’s headquarters, as well as support offices for the UK Government’s DWP and HMRC and a range of local firms.

• Dynamo is made up of IT organisations and employers, technology hubs, education, local government and employer support initiatives. • Skills• Professional• Cyber Resilience• Data• Intelligence• Future Workforce• Build

Objectives• Promote the region as a leader in construction

digital technology

• Raise the profile of the North East as a great place to build

• Upskill the construction and built environment workforce

• Highlight the North East’s international reputation for Building Information Modelling (BIM)

• Improve links between business and education

• Retain talent in the North East construction industry

• Improve the perception of the construction industry

• Promote digital career opportunities in the construction industry

Partners

2025

Today

1986 1990 1994 1998 2002 2006 2010 2014 2018 2022

First desktop GIS platform

1986

2D CAD products hit market

1988

Mobile Tablets and IoT hit market

2009

Kykloud mobile survey product – a global first for commercial surveying on the iPad2012

Kykloud launches property asset management functionality

2015

Tablet use in workplace exceeds 90%

2016

IoT to hit 50 billion connected devices

2020

1986 GIS

1988 Computer Aided Design (CAD - desktop)

2010 Building Information Modelling (3D CAD)

995 2010Property and Facilities Management (desktop)

2010 Property and Facilities Management (cloud)

2009Internet of Things

(IoT)

2014 Internet of Place (Smart Cities)

2025

Buildings as a Service (BaaS)

Property and Real Estate Technology TimeLine

There has been very little change in property technology market from 1985 to 2010. Since 2010 there has been an explosion in technology with the next 10 years driven by mobile cloud and a convergence of construction, real estate tech, IoT and the demand for data.

There are six different inter-connected technologies layers in this market, some mature and some yet to fully evolve, which we see as being relevant to the future of what we do at Kykloud. These technologies are rapidly changing the landscape we operate within and the timing is very favourable for the right technology to exploit the market. The time is now.

© Kykloud

1. Real Estate and Property Tech (CRETech / PropTech) - Cloud based technologies have transform our industry in the last 5 years and Kykloud has been at the core of the transformation in the UK. There are 5 strands in this package of technologies that are core to what we do:

• Mobile Applications: - By their very nature, property and real estate professionals are on the go, pound-the-pavement types. Surveyors, brokers, landlords, appraisers and developers are constantly running around visiting properties. Many of the most successful applications serving this market will have a healthy and robust mobile component. In Oct 2014 the RICS (the leading certifier of real estate professionals) list its Fast Five technologies changing the industry and No 1 was “A Touch of Genius – Surveying by Tablet” where Kykloud was quoted as the main mover. This Mobile First approach was where we started with our first release.

• Property and Facilities Management: Several tech companies are already competing for dominance in this category (http://techcrunch.com/2015/02/10/the-impending-opportunity-in-real-estate-technology/) , most offering software that helps property owners and management companies oversee and easily track commercial real estate assets and costs. The almost unlimited number of sites that can be managed means that industry-wide adoption is still sub-10 percent, though, so lots of opportunity for growth remains. Early desktop products were available back into the late 1990’s but the Cloud had accelerated their uptake. Kykloud’s recent product developments are in this area but we have chosen to not provide commoditized features such as help desk, space management, document and task management. We focus on asset risk i.e. condition, cost and compliance.

• Research and Analytics: Traditionally, commercial real estate professional would hunker down with teams of analysts gathering demographic research to evaluate an investment opportunity or risk. Today, open data initiatives in municipalities across the country — combined with creative needle threading by software developers — is changing this landscape, and much of the data is readily available. Kykloud has much potential to monetize its data in the space providing data for insurance and risk based industries.

• Residential and Commercial Lending: Regulatory changes have opened up opportunities for innovation in lending, and real estate lending is by far the largest sub-category. There are emerging companies targeting this area in different ways. Residential and commercial lending are different animals so my guess is that we’ll see a dozen worthwhile challengers going after each market. Kykloud now also has a product offering in this area for residential property valuation.

• Listing Services/Tech-Enabled Brokerages: tech-enabled commercial listing services, acting as marketplaces, and replacing the less efficient relationship-driven model that still persists today. Not a Kykloud services area but one we could link into. © Kykloud

2. BIM - 2D CAD arrived in the 1980’s disrupting a world of pen and ink. The recent evolution into Building information modelling creates data rich models of all the items that make up a specific building, the systems that cover the components that went in to constructing the building in the first place - the type of concrete, the position of things, the type of glass used and so on. BIM systems have historically been pretty much self-contained. Items that were moved from one building to another, were broken and disposed of or replaced as part of standard maintenance procedures have had to be manually input into the system.

Cloud technology is turning BIM into scalable viable technology and Kykloud is a BIM tool, where we are ready to link into BIM providing real time asset information during a building’s operational life.

3. GIS - geospatial information systems (GIS) - Systems designed to capture, store, manipulate, analyse, manage, and present all types of spatial or geographical data. This first desktop GIS product appeared in 1986 and GIS is now used by many engineers and planners across the globe.

GIS now seeks to “over lay” asset condition data from technology like Kykloud using API driven interfaces.

© Kykloud

4. Internet of Things (IoT) – Some time back, radio frequency identification (RFID) tags were used to track assets, but a lack of true standardisation and cost meant this did not take off.

Now, as the IoT starts to take off and the likes of Google invest, low cost sensors and monitors that are visible directly through existing networks will become possible. IoT tags can be attached to pretty much anything and monitored through the right systems - already, disposable temperature sensors are being added to buildings. In real time, asset performance can they be plotted and tracked.

20 billion devices are already connected through IoT and this now expands to include many building systems and data, which could include data fed and supplied by Kykloud and we live in the same built environment as BIM, IoT, and GIS. 50 billion devices will be connected by 2020.

http://www.computerweekly.com/blogs/quocirca-insights/2015/05/bim-iot-gis-well-something-int.html

5. The "internet of place“ (Smart Cities) - Although still a blue sky concept, many connected smart buildings can create a “smart city” using information and communication technologies to enhance quality, performance and interactivity of urban services, to reduce costs and resource consumption and to improve contact between citizens and government. Sectors that have been developing smart city technology include government services, transport and traffic management, energy, health care, water and waste (Wiki). Smart city applications are developed with the goal of improving the management of urban flows and allowing for real time responses to challenges.

Other terms that have been used for similar concepts include ‘cyberville, ‘digital city’’, ‘electronic communities’, ‘flexicity’, ‘information city’, 'intelligent city', ‘knowledge-based city, 'MESH city', ‘telecity, ‘teletopia’’, 'Ubiquitous city', ‘wired city’ or the Internet of Buildings’.

Google’s driverless cars led by maps represents a first glimpse of how this new age of computing is emerging. It grows in intelligence organically like an organism, like a primitive form of Artificial Intelligence (AI). The convergence of these realities has produced the initial elements of producing geo-located data that is associated to a building. In fact, each building is using and in most cases, creating, data that is geospatially associated to itself that each building is becoming its own storage container of data, that can be served up on call like a computer server. Every building has the opportunity to be a server. And when you connect buildings that are severs together, you have a network (https://www.linkedin.com/pulse/internet-buildings-new-epoch-computing-paul-Doherty)

© Kykloud

6. The Future “Real estate / Property / Buildings / Surveys as service"

Our market has yet to see disruption on the scale of say Uber or Airbnb there is a need for a service aggregators or brokerage in our market.

Whether your a home buyer requiring a home survey or a bank requiring a survey of new property investment you need to know what you are buying. The model has been you require a service you find a professional, you contact one and pay a fee. You have no real control of the product, its unreliable and inconsistent.

The service providers, often SME's, struggle to pay to insure themselves, engage with technology and market their business in this ever tech driven world.

Who will dominate this “property data as a service” world…..who will be the Bloomberg for property data?

??

Property/CRE Tech

BIM/GIS Tech

IoT

Smart Cities