CW+ Premium Content/CW Nordics

The Covid-19 pandemic has accelerated the pace of digital transformation in the Nordic real estate industry. From a slow start, businesses in the sector are primed to scale-up plans to deploy advanced digital solutions and tools to drive cost efficiencies in both the outfitting and maintenance of their largely residential property portfolios Moreover, the rapid transition to digital is attracting the attentions of major pan-Nordic technology companies, like Telenor. The Norwegian broadband and 5G market leader established a new company in March to develop IoT-enabled customised smart building solutions. Nordic real estate industry chiefs were warned about the negative competitive consequences of failing to invest in smart building technologies in a February 2021 report, commissioned by Telia and produced by the Boston-headquartered international management consultant firm Arthur D Little. The Digitalisation of buildings in the Nordics and Baltics: How IoT and data insights are transforming buildings report alerted real estate ...