Fortunately for all of us
in Texas, we are clearly on the road to success. Our marketplace is built on an
incredibly solid foundation and infrastructure growth, including more than 150
miles of toll roads built in the last six years and another 100 miles of toll
projects in the works—$14 billion in new road projects under construction in
DFW alone. During the past year, Dallas and Houston combined for 10 percent of
the country’s net job creation, and DFW’s current growth rate of 1
million every 10 years has us tracking to become the the United States’ third-largest
metro by 2020.
However, the drivers to our
success extend well beyond our roads. Our technology infrastructure, both here
and around the globe, is growing faster than ever. The number of internet
devices hit 1,000 in 1984, a million in 1992 and a billion in 2008. It is
estimated that more unique information will be generated this year than the
previous 5,000 years combined, and the amount of new technical information
doubles every two years. The new normal is a dynamic marketplace, where change
is the only constant and, with the rate of change of knowledge, we likely have
not even heard about many of the things that we will be aggressively adapting
to five years from now.
As such, we must constantly
integrate our digital and physical strategies as we adapt to our rapidly
changing world—continuously upgrading our technology systems, data
extrapolation, presentations and other means of making our information more
abundant, accessible, deliverable, and robust.
The real estate industry
will certainly continue to be impacted by technology. But whatever we do to
remain on the front edge of the tech curve, the inefficient aspects of our
business will remain our most valuable means of differentiating
ourselves. We must continue to listen intently to our customers, understand
their key objectives, and deliver above and beyond their expectations. Our
knowledge, experience, connection to, and capacity to collaborate with,
our clients are invaluable. Nothing new.