The financial services sector has long deployed technology, enabling better understanding and mining of data. Fintech as it has become known, is populated by both startup companies and long-established businesses moving into software-as-a-service (SAAS) platforms.
Property and Commercial Real Estate both in the UK, Europe and US have adopted the types of data platform technology like the financial services industry. Proptech is known in Europe and also in the US as cre-tech (short for Commercial Real Estate Technology), and has become a significant area of investment. According to the widely publicized Michael Beckerman (CEO of CreTech), the proptech industry in Q1 of 2019 saw $4.5 billion dollars of investment, compared to just $1.5 billion dollars for the same period last year.
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