Benefits of NBN for the Real Estate Industry

The National Broadband Network in Australia will come as a shot in the arm for the real estate industry. Currently, the real estate sector is yet to fully realize the potential of digital transformation. There are pockets and factions of real estate community yet to be fully covered under the digital umbrella. In the post-NBN era there would be very few, if any, parts of the Australian landmass outside the connectivity paradigm and therefore usher in complete digital transformation.

Some of the key benefits to accrue for the real estate sector, in the post-NBN era can be enumerated as given below:

Improvement in Consumer Connect: NBN will allow for consumers to remain connected with their real estate agents irrespective of where they are. Agencies can ensure that agents out in the field are still connected to the clients and vice versa. This creates a seamless consumer connect and improves consumer rapport. 

Improvement in Information Dissemination: NBN will allow for high speed transmission of data (voice, audio & video) thereby allowing for better virtual tours and visual depiction of properties. Visual information has a much better impact on consumers and aids increased conversion rates.

Improvement in Transaction Closures: RealEstate transactions are now increasing being closed online. The NBN-era will give further fuel to this trend as consumers no longer need to physically visit properties before giving their nod. As more and more transactions move online, there is an improving trend in transaction closures.

Improvement in Customer Confidence: The NBN-era will usher in a phase where all land records, property documents and ownership information is available and exchanged online. This eliminates the risk of fraudulent transactions and thereby helps improve consumer confidence.

Improvement in Industry Outlook: Overall, the NBN era will help the real estate industry as a whole by improving bottom-lines, increasing sales and decreasing the cost of sale. With digital impetus agencies can deploy online advertising that is more cost effective, achieves better returns on investments, and has a lower entry-barrier even for smaller real estate firms to enter and compete with the more established firms.

Looking much further ahead, the NBN will bring about a new phase of virtual reality and wearable technologies. While the immediate impact of these might not be huge in the real estate space, developers are already looking at some exciting possibilities in the not so distant future.

In the words of Jon Brouchoud, founder of Arch Virtual, specialists in creating 3D environments for virtual and augmented reality, “It is absolutely mind boggling to visit these spaces virtually. It gives you a sense of presence, and a deep understanding of what that space is really like in a way that photos or a website simply cannot convey. I think we’ll start to see a rapidly increasing number of agencies adopting this technology in the next 2 to 3 years, we’re already seeing a lot of early innovation today and in 5 years, it will be commonplace.”

For More information:

http://www.rentaphonesystem.com.au/connected/july-2015/

http://www.rentaphonesystem.com.au/small-business-phone-system/avaya-ip-office-phone-system

Digital Transformation in Real Estate

The real estate sector has remained unorganized for a long time with deals being often sealed over personal relationships, networking and knowledge. Given the fact that buying or renting a place was one of the major decisions one made in life, it suited everyone to have the transactions based on personal knowledge and relationship with the broker and/or the owner himself. In the last five years, however, the paradigm of real estate transactions has gone through a major change with digital transformation of our societies being at the heart of this change.

Every aspect of our lives has changed drastically in the last two decades and much of the change has been fuelled, catalysed and necessitated by the increasing digital awareness and ubiquity. The RealEstate industry, although, much slower to adapt to this change has since picked up pace and is now at the forefront of some of the cutting edge innovations.

As our lives are more connected, and there is greater financial freedom with easier movement possible, a greater value has now been found in attempting and executing real estate transactions online. There is less apprehension and greater confidence being shown by buyers, sellers, brokers, lessors in deploying digital mediums to conduct their real estate business.

The National BroadbandNetwork in Australia is set to take this transformation into a much higher terrain as improving connectivity and access will bring about better transmission of data, improved transparency and a much larger populace into the online real estate fold. Consumers will be able to view and evaluate properties from far and wide, while developers will be in a position to pitch them to a more varied audience. The brokers will find themselves being able to create unified platform for the interaction of both buyers and sellers.

Digital transformation in the real estate sector also means that there is an improved coordination and liaison amongst the various parties involved. Virtual meetings, conference calls and video conferencing means that physical presence is no longer the clinching requirement to close a deal. Digitization also moves the land records and ownership documents to the online sphere, this reduces fraudulent transactions and improves confidence amongst buyers. 

Thus, we see that the actual transformation brought in by increasing digital presence in the real estate industry is to increase transparency and improve confidence amongst buyers. This has in turn allowed for a greater organization of the sector. Real estate brokers are now no longer regional players but can scale their operations with considerably decreased costs. For the buyers, there is a greater sense of security in real estate transaction. They have greater access to information which in turn provides them a clearer picture of the property in question and the sellers on hand. For the sellers, the new digital age has opened up new market avenues hereto non-existent. Wider scope, better targeting and improved conversions have helped bottom lines.

In conclusion, digital transformation has been a holistic and all-encompassing phenomenon that has helped each one of the stakeholders in the real estate chain.

For More information:

http://www.rentaphonesystem.com.au/connected/july-2015/

http://www.rentaphonesystem.com.au/small-business-phone-system/avaya-ip-office-phone-system

Use of Business Phone Systems in Education

Improving technological connectivity has now enabled bring together schools and parents with the help of digitalphone systems such that parents can be kept informed of the ward’s progress, attendance and also any emergencies. A digital phone solution offers various advantages over the analogue ones and can be deployed at a much lower cost and ease. The new phone systems are capable of placing and or taking hundreds of calls within a short span of time and broadcast information to all parents.

Some of the advantages of using business phone solutions in schools can be enumerated as below:

Uniform broadcast of information: All parents can receive automated calls informing them of vital updates at the same time. This reduces the manpower costs that the school has to employ in reaching all parents.

Establishing direct connectivity with parents: A phone is a personal device now that can be reached almost anytime. Thus instead of relying on letters which take time and email which may be missed, a phone system helps the school establish a direct connectivity with the parents and ensure that they remain well informed of the ward’s progress, attendance and others news from the school.

Reliable source of information: A phone call received from the school is a reliable source of information for the parents. This helps them act in accordance with the instructions.

Quick emergency response: In emergencies time is of essence and parents are worried about the safety of their children. A businessphone system employed by an educational institution can help curb the spread of rumors, answer important questions that the parents may have and help them ensure the safety of their children as a priority.

Business phone systems for schools can have various other advantages as well. Parents can now be connected over virtual meetings and conference calls thereby reducing the hassles of organizing and ensuring parents attend Parent Teacher meeting. A conference call ensures that all parents irrespective of physical availability can attend the call and take stock of the child’s progress.

Connectivity is a great tool for most aspect of our lives. And improving connectivity is now help educational institutions improve their connect with the parents which helps the overall improvement of the child’s progress and learning ability. Connectivity is also helping bring more children into the educational fold and improving their ability to learn better and more quickly when compared to previous generations.

Business phone systems are not just limited in scope to a business entity but effectively employed solutions can be a great tool in the working of a school. The Australian government has invested a great deal of impetus into the National Broadband Network. This is an ambitious and hugely beneficial initiative wherein all school can now hope for improved connectivity and better phone solutions, thereby much improved parent-school connect, wider educational coverage and overall improvement in education.

Impact of Communication Technology on Healthcare Systems

Explosion of technology and the information revolution has greatly impacted our healthcare system for the better. Not just at the level of treating diseases, but the fact that a greater number of people are now inside the healthcare network is a testament to the improved and increasing presence of technology.

In the not so distant past, people still had to physically be available for consulting a doctor but information technology and communication has now made remote patient consulting and tele-medicine common place. The barriers of time & distance are increasingly shrinking in our times and this means that more & more patients can have access to quality healthcare.

Communication technologies are also greatly improving patient experiences; besides improving hospital response times. Response time is critical for emergencies, someone in distress is least likely to be willing (or be happy) if he or she is made to wait endlessly. The role of technology is not just limited to reducing response times but also towards improving overall patient-care experience.

Some of the ways wherein patient-experiences can be improved with better communications & technology are outlined below:

·         Provide call handlers with complete patient information to help them better response or offer advise

·         Send or receive multimedia files such that it is easy for the patient to send investigative reports etc.

·         Call forwarding or remote calling facilities to enable the same consultant to be available for a patient irrespective of his or her location

The advancements in communications have expanded the horizons of consumer expectations are it is imperative that healthcare providers are able to embrace these technologies to better serve their patients.

Communication advancements provide a great opportunity for healthcare providers to build better services & applications for their patients and prospective audience. There is both a need and opportunity for Australian businesses to grow into. Patients are increasingly connected online and there is a great reservoir of audience that healthcare providers can now look to connect with!

Real-time connect with the patients helps provide preventive services, consultation on prevalent health hazards and nutritional information. As healthcare providers work increasingly on the preventive model of healthcare dispensation it is imperative for them to seek real-time patient information. Patients, on the other hand, need to know that the healthcare provider will be available whenever required and that all emergency situations are well-catered to.

Technology also helps create convenience and comfort resulting in an overall better patient experience. With our worlds more interconnected today than they have been ever before there is a greater convergence of the different spheres of our lives. Being able to access medical information on the go, set up doctor appointments, order medicines and consult with doctors remotely are all various facets of the ever increasing patient demands – which healthcare providers can now cater to with advancements in communication technology!