Intapp’s Real Estate Industry Principal Frank Spadafora was included in Commercial Observer’s article on what’s expected in this coming year for the industry. The article covers several ways investment and innovation in proptech is expected to impact the real estate industry in the coming year including smart buildings, overall infrastructure needs, and the continued adoption of artificial intelligence. In the article, Frank says:

“While AI dominates headlines, the CRE industry’s steady march toward digitization and automation of real estate processes remains a key demand driver. Historically slow in adopting technology, many CRE firms are realizing the benefits of digitizing their operations, resulting in accelerated execution, optimized resource management and enhanced agility to navigate competitive CRE markets. This connection to firmwide systems unlocks valuable proprietary datasets, critical for elevating decision making and unlocking the true potential of generative and applied AI. 

“Next year will see a continued focus on expanding digital and data solutions to simplify complex and fragmented CRE processes, including document and data ingestion, underwriting and capital structuring, construction and development, space utilization and portfolio monitoring and management.” 

Commercial Observer – December 5, 2023

Proptech in 2024: VCs, Principals and Analysts Sound Off