In many businesses, land services functions are traditionally siloed, often trailing behind other operational areas in terms of technological advancement. This is markedly peculiar considering the critical role that land services play. Owning, developing, and managing land necessitates meticulous record-keeping, frequently extensive regulatory compliance, and engagement with numerous stakeholders. Despite these inherent complexities, the land services division often falls short in technology use and operational efficiency, placing an enormous strain on its productivity.
1. Land services departments in many businesses are traditionally siloed and often trail behind other operational areas in terms of technology and efficiency.
2. Land services play a critical role, especially as it involves meticulous record-keeping, extensive regulatory compliance, and engagement with multiple stakeholders.
3. Despite the complexity and importance of its functions, land services often fall short in technology use and operational efficiency, affecting its productivity.
4. The land services department often operates separately from other areas of a business which can limit effective collaboration and exchange of information, potentially affecting the overall productivity and profitability.
5. Considering the critical role of land departments, there's a need to explore why they lag in the area of technological advancement and develop strategies to enhance its operation.
According to a survey by Deloitte, only 31% of businesses in the real estate and construction industry claim to use digital, mobile, and advanced analytics technologies in their land services functions.
Nonetheless, the land services department has typically operated in isolation, frequently trailing other business areas in terms of technological advancement and operating protocols. Consequently, this functional area is often overlooked when it comes to process optimization and integration of advanced technological systems. This siloing tendency hampers effective collaboration and information exchange, which can potentially affect the overall productivity and profitability of the organization. On this backdrop, it's crucial to explore why this department lags and discuss potential strategies to enhance its operation.