Robots: Friend or Foe?

Robots: Friend or Foe?

March 2017

Many have spoken about the 21st century as a place where spaceships roam the skies and robots take over our planet. While much of science fiction remains as fiction, working alongside robots is not as far-fetched as one might think. New technology advancements mean there is growing potential to safely bring the power and precision of robots closer together with the creative and problem-solving ability of humans. This could dramatically increase productivity and help companies safeguard their bottom line. For example, driverless cars are forecast to make up 75% of all traffic by 2040, an upcoming industry disruptor which spells new possibilities. In the areas of real estate, various roles ranging from receptionists to quality control and even intricate aspects of building and construction are starting to see the use of robotics in roles previously only known to be filled by humans. What does this mean for us? If robots are the future of work, will humans end up being obsolete? How is this relevant to us in real estate? Even if robots can be deployed in CRE roles humans typically dislike or are ill-equipped to do, what are the implications of human-robot collaboration in the real estate industry, and how can CRE professionals successfully implement such a change? The session will explore the key technologies driving the change, and more importantly it will identify how technological change will impact CRE strategy at a portfolio, building and workplace level over the short, medium and longer term.

Keywords: Shanghai2017, 2017 Shanghai Summit, JLL, robots, technology

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