A new insight paper by the RICS looking at how data is collected and used in the commercial property market has highlighted the role of GoReport and other technology companies in the sector’s future development.
The use and value of commercial property data report looks at the way data can be used to engage, inform and sell, making the point that the value of data lies in being able to use it effectively to shape the industry and support businesses that work within it.
GoReport is highlighted within the paper as an example of a software company that is making it easier for the professional and building surveying sector to collect valuable data on site. Automated report systems like ours enable surveyors to digitally capture vast amounts of information which can be used to aid decision making and inform stakeholders.
The secret of effective data use is to consider not only what data can be collected but also what problems need to be solved and how data might be able to help.
One of the challenges raised in the paper is how surveyors themselves can best utilise the information gathered and what additional skills they may need to be able to analyse data effectively.
The report also points out that not all the data available to those within the industry is directly property related. External data may include financial, economic or technical information, for example, all of which can potentially enhance knowledge and assist in strategic decision making.
Other important data sources mentioned in the report alongside automated reporting systems like GoReport include Building Information Modelling (BIM), Building Management System (BMS), enterprise systems and AV/VR systems such as Matterport.
To find out more about GoReport’s automated reporting system and how it is transforming the surveying industry contact our team on 028 9691 0018.