![]() ![]() These themes arise from an understanding of the role of location data and services across different stages of the property lifecycle from land use and planning, design and construction, buying and selling, safety and operations to the broader themes of retrofit and regeneration.ĭan Hughes, Alpha Property Insight and Real Estate Data Foundation said: The report sets out four cross-cutting themes to support the better use of location data, service and applications, including property as a complex interconnected system and the importance of a strategic approach to data access. Improving productivity in the industry through greater re-use of location data collected and created during design and construction to reduce costs, and support better targeting and design of retrofitting interventions.Growing deployment of green technologies, like solar panels, heat pumps, insulation and energy efficiency solutions, into our homes by supporting better understanding of where they could have the greatest impact.Further digitisation of the property buying and selling process and ensuring data interoperability underpins the end-to-end process.The report highlights some key initiatives already underway across the property sector and identifies further opportunities where location data, services and applications can drive innovation across the property life cycle, including: ![]() This report can be a catalyst for enabling that change. We can all see the transformative potential and multitude of opportunities for the property industry to embrace emerging technologies and digital tools empowered by location data yet a truly systematic approach to innovation and technology across our diverse and siloed asset classes and property types has yet to emerge. However, many of our interactions with the industry from planning to buying, renting and maintenance, remain stubbornly analogue. ![]() The property ecosystem provides the infrastructure of where we live, work and play. Applying a spatial lens is crucial to achieve the sector’s economic, social and environmental ambitions, boosting productivity and innovation, improving our residential areas and achieving net zero commitments.Īlexandra Notay, Independent Commissioner, Geospatial Commission said: The UK property sector contributes an estimated £100 billion to the UK economy each year. Location data, services and applications are central to this revolution and essential for a well-functioning property sector, from town planning and site identification to property management and retrofitting. The UK property sector is undergoing a technological revolution, rapidly adopting new data-driven digital tools. The Geospatial Commission has identified opportunities where improved data and use of location services and applications can unlock innovation across the property ecosystem in a new report published today (1 August).
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