Excerpt from:  Real Estate Industry Leader's Roundtable
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June 21, 2006

Jim Young on The Potential for Efficiency with Technology

In his interview at Real Estate CyberSpace Radio Jim Young discusses the potential for efficiency with technology.

Jim Young

Jim Young is a real estate industry leader and brings a unique perspective to the topic. It is his goal to help transform Commercial Real Estate from a paper-based, analog industry to a "digital" model of the 21st century.

Jim is one of the founding partners and co-producer of Realcomm, the world's largest and most recognized conference on technology for the Commercial Real Estate industry. As president of The Jamesan Group/ REApplications, Jim is involved in some of the largest and most successful automation projects in the industry. The goal of this organization is very simple: to create integrated information systems for the industry that will result in more accurate, timely and efficient operations.

Jim has spoken to over 100,000 people worldwide and has written over 100 articles on the topic of technology. As a consultant, Jim Young has been involved with most of the largest firms in the industry.

In his Interview at Real Estate CyberSpace Radio he discusses the following real estate advice:

The Potential for Efficiency with Technology:

  1.  Around the year 2000, six fundamental and independent technologies aligned for the first time to become even more powerful: inexpensivepowerful computers, broadband, wireless, the Internet, Internet appliances and integrated information systems.
  2. Working together, they create an integrated, real-time world that reduces the need for people and paper to accomplish commercial property-related tasks; the result is a new way to operate a building or commercial company.
  3. Some tech-savvy commercial brokerages have improved the ratio of brokerage professiaonals to assistants from 2/1 to 30/1.
  4. An important focus at Realcomm this year will be the obsolescence of traditional job functions; the conference will address the jobs being impacted, the technologies that will replace them and the new job descriptions.

In the same briefing Young also discusses:

  • Global Real Estate Technology
  • Reasons for the US Lag
  • Intelligent Building Defined
  • Loss of Jobs
  • Exciting Technology Developments
  • Using the Web Effectively
  • Capsulized Advice

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