As per Statista, the equipment rental business in the US alone is projected to be $54.36 billion in 2019. By 2021, the equipment rental business is forecasted to be $59.4 billion.
The equipment rental business is quite huge and growing at a steady pace. The construction and machine rentals are transitioning their business models. The automation of leasing equipment and use of subscription based models are hailed by rental companies.
Digitisation has changed the way people work. It has also affected the places where people work. Coworking spaces have been on the rise in the past few years, and many commercial realtors feel as though coworking spaces make it even harder to find new tenants.
Coworking spaces can actually be a source of revenue and new tenants for commercial realtors! Being a hub of up and coming businesses that would be perfect fits for their spaces.
Winning over new tenants from the coworking world can be a tough sell, and attracting coworking spaces to your vacancies may seem impossible.
Real estate companies like most other businesses are now relying on technology for operations. The digital transformation of real estate is moving at a rapid pace. Online buying and selling of homes, rentals for properties is driving these changes.
As per Forbes, 95% of buyers use the internet to look for homes, and 51% buy homes that they have found using the internet. Apparently majority of the people are choosing online options for buying, selling & renting their homes. The digitisation of real estate is creating transparency in property deals, facilitating easy access to property buyers, tenants & making things easier for the agents.
Wealth management companies are looking at digital avenues to engage their clients. The industry is changing rapidly with the advancement of Fintech start-ups. The consumer demand is driven by the digital technologies. Read More “Digitisation for Wealth Management Companies”
Any consumer facing business is never far away from disruptions. The financial industry is one undergoing rapid upheavals. The way financial institutions and banks are lending money to their customers is now driven by digital systems and loan management softwares. Apart from the traditional financial institutions, there are numerous peer to peer lending platforms creating consumer centric solutions. Here we look at some of the changes that are creating a positive transformation in the lending industry:
There is no formula for measuring the success of a company. Most of the focus on measuring the success of a company deals with numbers related to the balance sheets, profits, shares and finances of a company. However, the impact of a company is often beyond these numbers. Read More “Measuring Success & Impact of Companies in the Digital World”