PropTech – Charles Reed Anderson

Building a successful IoT business in Asia Pacific isn’t easy, but Bosch Software Innovations has done just that.

In this podcast, I speak with Thomas Jakob, Regional President for Asia Pacific, to find out how Bosch developed their impressive IoT solutions portfolio.

What I found most interesting is that while many tech vendors drive innovation by acquiring innovative companies, Bosch has built many of their own custom solutions – and partnered with start-ups to jointly develop others – to meet the diverse local requirements of the Asia Pacific market.

We hear about the importance of the “localisation” of solutions – Bosch in Asia Pacific is the perfect example of how it should be delivered.

(Note: In January 2020, Bosch Software Innovations was renamed Bosch.IO)

Show notes:

1:40 Intro to Thomas

2:50 Tell us about Bosch Software Innovations

4:20 Which industries does Bosch work with in Asia?

7:00 How Bosch is using technology to transform the agriculture industry

8:45 How Bosch sources innovation

10:00 Bosch’s new lift/elevator management solution

13:50 How Bosch has leveraged Smart Building solutions to IoT-ise their business

16:35 An overview of Bosch in China

18:40 The importance of localised solutions that meet customer requirements

Anti-counterfeit solutions in China
Greenhouse farming solutions in Japan
Oyster farming in Australia

25:00 What has kept the IoT industry from reaching its potential

29:25 What is the most interesting IoT market in Asia?

31:45 Name one solution over the past decade that has exceeded your expectations? And failed to live up to expectations?

35:20 The fun questions

Electric or classic cars?
German or Singaporean food?
Christmas by the fire or the beach?

TechBurst Asia

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https://memoori.com/market-fragmentation-the-uber-ization-of-facilities-management/

The world of proptech, smart buildings, and the Internet of Things (IoT) is a dynamic place as these overlapping technologies find their feet in this 4th industrial revolution. It pays to know someone “in the know,” so this week Memoori spoke to IoT & proptech industry thought leader Charles Reed Anderson.

Charles sits down with Analyse Asia to discuss the CRA/JLL report "Smart Cities Success: Connecting People, PropTech & Real Estate."

"SMART CITIES SUCCESS: CONNECTING PEOPLE, PROPTECH & REAL ESTATE", a report from JLL and CRA & Associates.

I joined Bernard Leong of Analyse Asia to discuss the state of PropTech in Asia Pacific where we broke down the real estate supply chain and discussed the key trends which are disrupting the real estate industry. We examined how user experience and business model disruption are driving the current innovations in PropTech (e.g. Wework) and how the traditional real estate players such as CBRE and JLL are tackling the challenges ahead. Last but not least, I explained why the Asian counterparts in multi-national real estate companies are driving more innovation in PropTech compared to their US and European counterparts.

Here are the interesting show notes and links to the discussion (with time-stamps included):

Charles Anderson (@CRASingapore, LinkedIn), founder of Charles Reed Anderson and Associates. [0:22]
- What have you have been to since we last spoke? [0:26]
  - PropertyGuru summit in Thailand
Proptech in Asia Pacific [0:46]
- Can you define what property tech or “PropTech” in short for the industry? [1:04]
- What doesPropTech do differently from or currently augment the traditional real estate supply chain? [1:34]
- Does construction of buildings using drones by Komatsu, for example constitute asPropTech? [2:35]
- How about Wework and do they constitute part of thePropTech stack? [3:06]
- What kind of products and services that are now making PropTech interesting for the real estate industry? [4:03]
- How about smartphones as part of the innovation that is propelling the PropTech industry? [5:19]
- What are the business model from PropTech companies that sought to disrupt the PropTech space? [7:03]
- The importance of user experience in PropTech for example, PropertyGuru and 99 dot co – where does the user experience enter into the business model and meet unmet demand? [8:11]
- How does one values Wework as a company? Is it a technology or real estate company? [10:01]
- Doesn’t that mean real estate is commoditised but the user experience allows it to disrupt and invest new business models? [12:10]
- What are the traditional companies in the PropTech space such as Jones LaSalle (JLL) and CBRE are doing? [13:12]
- We see the traditional companies building their own corporate incubators and accelerators. Will that model work for traditional real estate companies in PropTech? [15:26]
- Does the global real estate companies in Asia taking the lead as compared to their US and European counterparts? [17:07]
- What are the interesting companies which we look at PropTech? [18:35]
  - Demand Logic
  - Disruptive Technologies
  - Spacelytics
- What are the prospects of PropTech in 2019? [22:21]
- Other examples of PropTech that are of interest: Kanterra and Pre-formatted Revolution.