The Property Council of Australia has taken a significant step toward advancing the property sector’s approach to technology by launching its Technology and AI Roundtable. This new initiative is set to enhance the industry’s approach to innovation.
With the launch of its Technology and AI Roundtable, the Property Council of Australia introduces its first dedicated forum for exploring the role of technology in property. The Roundtable seeks to drive industry collaboration and address the challenges associated with adopting technology and integrating AI into property management and development practices.
Under the guidance of Chris Wild, Director of Asset Technology and AI at the Property Council, the Technology and AI Roundtable plays a pivotal role in advancing digital transformation throughout the property industry.
Chris Wild stated that the Roundtable’s primary goal is to position technology and AI as key drivers for operational efficiency, sustainability, and resilience in the property industry. The initiative also aims to foster collaboration on important challenges, such as ensuring effective data governance, privacy protection, and the preparedness of infrastructure.
Wild pointed out that in an era of growing automation and AI-driven decision-making, it is crucial to prioritize solid data management and technology adoption frameworks. He added that these measures would enhance operational effectiveness and strengthen the sector’s position as a global innovation leader.
The Roundtable is tapping into the collective expertise of the property sector to drive sustainable and efficient practices. Together, they are not only addressing current obstacles but also creating a future that is defined by innovation, adaptability, and impactful change.
As the sector moves forward, the pace at which technology is operationalised differs significantly. Some organisations are adopting data-driven solutions at a fast rate, while others are still dealing with essential challenges such as data governance and infrastructure preparedness.
By fostering non-competitive collaboration, the Roundtable aims to drive sector-wide innovations that benefit all players and address the varying levels of technological readiness across the industry.
With over 17 years of experience in digital and data transformation within the property sector, Paul Bailey, Head of Digital and Data at Charter Hall, has been appointed as the first Chair of the Roundtable.
Bailey highlighted that the integration of technology, data, and AI is revolutionizing the property industry and, through collaboration, their full potential can be unlocked to deliver substantial benefits.
Addressing key issues such as digital literacy, data governance, sustainability, and cybersecurity, the Roundtable will bring together senior leaders to foster collaboration, ultimately positioning the property sector as a leader in resilience and operational excellence.
The Roundtable is committed to driving progress in digital innovation, technology, data, and AI, which will position the Australian property sector as a leader on the global stage, attract investment, and raise the standards of excellence in property development and urban planning.
According to Matthew Kandelaars, Group Executive Policy and Advocacy at the Property Council, the introduction of the Technology and AI Roundtable marks a significant step in unifying the sector’s innovation strategy.
Mr. Kandelaars emphasized that investing in technology is akin to construction, where establishing a solid foundation is essential for long-term growth.
He explained that the focus of the Roundtable is on building the necessary groundwork for the Australian property industry to thrive amidst technological advancements.
A total of 16 founding members, representing various property sectors including office, residential, industrial, and retail, will form part of the Roundtable.
