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Are Authentic Estate CEOs missing out on the technological innovation option?

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London, Tuesday 7th August 2018:  In its 21st yearly survey of CEOs from all over the earth PwC found that technologies does not leading the agenda for serious estate CEOs possibly as a menace or an prospect.

 

Only 17% of genuine estate CEOs cite cyber threats as a danger to their development potential clients, in contrast with 40% of all CEOs who took element in the survey.  Though even fewer, only 10% of genuine estate CEOs, look at the speed of technological improve as a risk to their organisations when compared with 38% of all CEOs.

 

Searching at possibilities only 20% of serious estate CEOs reported they clearly understood how robotics and augmented intelligence certification can improve shopper products and services in contrast with 47% of all CEOs.

 

Real estate also appears to be a bit at the rear of the curve when it will come to upcoming talent with  just 43% of genuine estate CEOs rethinking their human resources purpose to draw in digital expertise as opposed with 60% of CEOs all round.

 

“For most of its heritage, the capital-intense authentic estate field has had excellent purpose to be gradual shifting and conservative. But times are switching.  Engineering, urbanisation and social modifications are reworking how we dwell, perform and participate in and for that reason how we use actual estate, this means organization leaders require to be daring and impressive if they will proceed to succeed”, explained Craig Hughes, international serious estate leader, PwC.

 

“Our study benefits propose that authentic estate CEOs have some way to go if they are to satisfy digital disruption head on and experience the advantages.  In our watch, this course of action should get started as a result of setting up a a lot more diverse team of expertise, which includes knowledge researchers and behavioural industry experts, to perform alongside their existing talent and establish the authentic estate champions of tomorrow.”

 

Notes to editors:

 

Obtain the full report: “Are leaders slipping driving by standing continue to – insights from the actual estate industry” at www.ceosurvey.pwc

Follow us on twitter:  @PwC

 

About the exploration

PwC executed 1,293 interviews with CEOs in 85 international locations between August and November 2017. Our sample is weighted by nationwide GDP to make certain that CEOs’ views are reasonably represented across all major nations around the world. 11% of the interviews have been executed by phone, 77% on line, and 12% by submit or encounter-to-deal with. All quantitative interviews were being performed on a confidential basis. 40% of companies experienced revenues of $1 billion or much more: 35% of businesses had revenues involving $100 million and $1 billion 20% of businesses experienced revenues of up to $100 million 56% of corporations were privately owned.