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6 proptech disrupting the real estate industry Proptech (short for property technology) has been a buzzword in the real estate industry, both in Malaysia and around the world, in recent years. Broadly, it describes the application of technology in the property industry, with proptech start-ups becoming visible across the real estate value chain. Using IT, the goal of proptech is to make the buying, selling, owning, renting and management of properties easier and more efficient. Globally, the technologies that are driving proptech and have the potential of disrupting the industry (if they haven’t already) include big data, artificial intelligence (AI) and machine learning, virtual reality (VR) and augmented reality (AR), the Internet of Things (IoT), 5G and blockchain.
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