Here we attempt to apply the timeless, and immensely powerful, economic concept of opportunity cost to CRE. Using a video and story, we attempt to illustrate what a powerful efficiency lever opportunity cost can be. If you can apply the principles, we feel confident you will see the benefits in your business, and in your bank account!
Starting in 2005, across the world, a contagious fire was ignited in people’s brains. The cause of this: a user-friendly tech solution called Google Earth. With geospatial data as its engine, this innovation changed may peoples’ lives forever, from for Joe Public to Pam Property – to this author.
However, geospatial’s impact on property – a particularly data-heavy industry – was most significant.