Facilio adds innovation zing to realty sector in UAE

uae,sector,innovation,UAE,facilio
UAE
  • Date: 15-Jan-2022
  • Source: Zawya
  • Sector: Technology
  • Country: UAE
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Facilio adds innovation zing to realty sector in UAE

UAE - Homegrown proptech startup Facilio is making massive global waves, and is fast transforming the way buildings are being operated and maintained. Real estate touches our daily lives; it is the economics of the physical space — shaping the environment we live, work, and play. In the last few decades, we’ve seen how software-led technology and flow of information has aimed to optimise every industry that affects our lives — from food to transportation to e-commerce, and now real estate. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; But, real estate is larger than all of those categories combined, and the transformation that it can bring into our lives is more profound. The buildings sector — the largest asset class in the world — accounts for 55 per cent of global electricity consumption and 38 per cent of total carbon dioxide (CO2) emissions, making it a hotbed industry for tech-led innovation and disruption. Proptech and its massive opportunity Generational trends and changing consumer behaviour are creating huge opportunities for proptech firms that offer immense customer value via operational agility, superior experiences, and sustainability. In 2020, proptech demonstrated how it