Robotics and the Future of Activities Related to Real Estate
Overview
The future of real estate is set to change dramatically with the integration of robotics. Technological advancements suggest a significant shift in the way property inspections, construction work, and other real estate activities are performed. Key statistics highlighted in this guide confirm the rise in technological adoptions in the sector, including an impressive 40% efficiency gain in warehouse operations with the use of autonomous forklifts and the reduction of downtime due to unnecessary e-stops or collisions.
Property Inspections
Currently, property inspection is a labor-intensive task that requires professionals, such as estate agents and surveyors. However, the integration of robotics can transform this process entirely. Automated drone technology is said to have reduced inspection time by up to 75%, ensuring a quick yet thorough survey of properties. Furthermore, drones can access areas that could potentially be unsafe for human inspection. According to a study by PwC, the commercial applications for drone technology in infrastructure and real estate is projected to reach a market value of $45.2 billion by 2025.
Construction Work
Advancements in robotics have also found significant applications in construction work in the real estate sector. Automated construction equipment, like self-driving excavators and 3D concrete printers, can help reduce labor costs and increase productivity. As per a report by McKinsey, the implementation of robotics in construction work can increase productivity by up to 50%. Additionally, the World Robotics Report 2020 reveals that 37% of construction companies are set to automate processes that include heavy machinery within the next three years.
Property Management
Property management stands to benefit immensely from robotic technology in the future. For instance, robotic process automation (RPA) can streamline property management tasks like leasing, maintenance requests, and rent collection. Accenture reports that with RPA, companies can automate up to 80% of their repetitive tasks, freeing up time for more valuable work. Moreover, RPA can help reduce business operation costs by 60%.
Key Takeaways
- Rapid inspection time with drone technology, reducing time by up to 75%.
- Increased productivity in construction work by up to 50% with automated construction equipment.
- RPA implementation in property management can automate 80% of repetitive tasks.
- Decrease in business operation costs by 60% through RPA.
3Laws Robotics is here to support these advancements and transformations in real estate activities. A primary focus of 3Laws is addressing the certification challenge and enhancing safety and reliability in robotics systems. 3Laws' software, 3Laws Supervisor, offers robust safety features and proof of system robustness, a crucial aid in simplifying the certification process.
Built on Control Barrier Functions (CBFs), a technology developed at Caltech, 3Laws' software ensures mathematically provable safety. Additionally, this adaptable software is compatible with popular robotics middleware such as ROS and ROS2, making it suitable for a wide range of platforms.
With use cases that span over various industries and applications, 3Laws Robotics has proven its mettle. In the warehousing sector alone, it has helped an autonomous forklift customer achieve a whopping 40% efficiency gain, marking a significant milestone in operational gain. This efficiency and safety solution goes beyond traditional e-stop methods, opening up the full potential of robotics in various sectors, including real estate.