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Cloud Computing and Commercial Property

In a report released by the Royal Institution of Chartered Surveyors (RICS) titled The Role of Cloud Computing in Commercial Property, the industry body said that a move to the Cloud can help real estate companies reduce costs, free up space and create a flexible working environment. It also mentioned that a number of businesses in the country were already enjoying the advantages of cloud computing and it was time the real estate profession also got into the game. In fact, such a move would actually help increase the rate of adoption of cloud computing, the report opined.

“As more and more businesses look to reduce their expenditure, cost-efficient operating solutions will become an increasing priority. The impending impact of businesses adopting the Cloud will be far reaching for the property profession.

“Organisations that choose to adopt these virtual IT systems will be able to reduce their running costs and smaller businesses will be able to access systems which would, otherwise, have been beyond their financial means. Furthermore, by using virtual IT systems businesses will require less floor space, as large servers are dispensed with and the smooth, reliable remote access allows a greater number of employees to work away from the office on a more regular basis.

It’s obvious that the real estate industry can benefit from migrating to cloud computing. By eliminating the need for servers at the workplace, they can dispense with IT maintenance duties and concentrate their efforts in what they do best – develop, buy and sell real estate. Also, the space thus freed up can be used for other constructive purposes.

The real estate business can do with data mining to extract relevant information and better target customers. With cloud computing, companies can get access to computing power they couldn’t dream of earlier.

Now, think of the real estate professional out on the field. She is showing some properties to some potential client when the latter requests an in-depth analysis of all the properties on sale in the region. Instead of traveling back to the office to retrieve that information, wouldn’t it be preferable for the professional to tap into the company database from her Internet-enabled phone and download the required information? With cloud computing, it’s a cinch!

It’s clear that for real estate companies, SaaS (Software as a Service) and IaaS (Infrastructure as a Service) will be much more important than PaaS (Platform as a Service), unless they want to develop specialized applications for the market.

It is great news for the adoption of cloud computing that industry bodies are recognising the importance of the technology in their respective fields. Yellowspring offers advice and services in this area to professional firms and businesses alike, contact Maria West on 01268 494101 or email maria.west@yellowspring.co.uk

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