The future of real estate does not lie in bricks and mortar but in communities and leveraging the internet of things to connect communities.
These are the words of Nigel Dalton, social scientist and property consultant who for the past 35 years has been at the vanguard of technology and business.
Interviewed on the latest ‘Proptech Podcast’ with Kylie Davis, Nigel talks about supporting ageing populations and how one hospital in Australia has identified a single symptom of the ageing problem which needs strategic planning over the next 20 years. The symptom? Loneliness.
He describes loneliness as ‘the biggest medical crisis’ driving costs in the healthcare system.
‘Loneliness and its connection to illness and mental health is massive,’ he says. ‘If you’re a property manager you need to extend your mind as to what property management is about and look to helping communities solve loneliness.’
‘Maybe think about supplying nursing services…the future thinker in real estate is going to think about how can I automate the homes of my community with IOT.
‘MySense tracks the health of an elderly person and keeps them in their home longer. This is like extended property management,’ Nigel explains to Kylie.
You can listen to the podcast here
Nigel Dalton is a social scientist at software consultancy ThoughtWorks and former Chief Inventor at REA Labs, Australia.