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Our Executive Property Director, Julian Carey, discusses the importance of data on the real estate industry and how Stenprop have successfully been awarded the VTS 2019 Innovation Award.

There is, undoubtedly, wide acceptance that tech will have a big impact on the real estate industry; albeit a large dose of scepticism still abounds about the need for many of the tech solutions that are being offered. That scepticism came to the fore at the first seminar held by the Investment Property Forum’s new Tech Futures Group, which is running a series of seminars this year focusing on the inter-relationship between property and tech. I am chairing the group, aiming to bridge the gap between real estate professionals and techies.

In my latest column for Property Week I argue that data will be more important over the next five years for real estate businesses than any of the up-and-coming technologies that are still in their infancy.

At Stenprop we partner with many proptech companies, whom we believe are leaders in their fields. One of them is New York-based, VTS, which provides the platform for all our leasing data. I’m delighted to announce that we have just been selected as a 2019 VTS Customer Award winner, which I believe reflects our innovative use of their product on our leasing platform to dramatically improve transparency, productivity and letting timescales.