TECHNOLOGY
Companies putting together their tech stacks usually have to hire software developers to cobble together different solutions using APIs , data warehouses , and custom code . With the current price of a good developer , real estate companies can find themselves paying more to tailor a tech stack to meet their unique needs than they do for the software itself .
According to Statista , the average company across all industries used 110 SaaS applications in 2021 , up from just eight in 2015 . In the commercial real estate industry this includes specialised software for accounting , ERP , CMMS , CRM , lease administration , portfolio management , market research , energy management , and so much more . Oftentimes workflows and processes don ’ t work together well , if at all , resulting in confusion and data silos throughout the organisation . You end up with underutilised software and a mess of difficult to find and inaccurate data . The bottom line is this approach wastes resources and causes teams to miss business opportunities .
“ As promising as that sounds , there isn ’ t a one-size-fits-all answer to getting started with nocode solutions or building a trusted data layer .”
Other industries like healthcare , education , retail , and e-commerce have struggled with similar problems related to software integration and customization . Many of them have successfully embraced “ no-code ” software solutions to enable their team to
100 DECEMBER 2022 / JANUARY 2023 SA Real Estate Investor Magazine