Homeoffice & Remote Working:
New Challenges for the Real Estate Industry.
Flexible working arrangements have risen to the top of many companies’ agendas – especially in the real estate industry. Companies are slowly adapting to innovative working practices, but are frequently experiencing efficiency losses in the process. After all, many companies are still a long way from being able to provide their employees with the unrestricted access they need to data and documents via web-based, cloud storage systems. Often the documents that colleagues need to work on together are only available on inflexible networks or on local hard disks, which employees are unable to access remotely. The likelihood of a company’s centralized file storage system rapidly fragmenting as internal files are stored on local systems, or different versions of the same file are sent back and forth by email, rises almost exponentially as employees work remotely. This creates operational risks in the medium to long term and renders the company’s data assets unusable.
Particularly when it comes to financial services and tenant management, very strict regulatory and data protection requirements make simple uploads to file sharing and storage platforms difficult and, above all, create significant legal risks. Moreover, employees are more likely to archive documents incorrectly or not at all, thereby making them difficult to use and find via remote access. This costs time and compromises the potential efficiency gains of remote working.