Publisher’s Letter

Tricia Covert

Publisher, Arizona Journal of Real Estate & Business 

For some of us, it doesn’t seem long ago when we were carrying around our flip phones as a simple added convenience to our day. At the time, we had no idea that in a few short years the smartphone would surface and for most people, globally, now depend on it daily. The smartphone is changing the way we live, while disrupting industries such as the personal camera industry. At the same time, smartphone technology has opened the door for new industries and business concepts to emerge.

The word disruptive is often used in today’s business world, especially as it relates to technology. Many people may view the word as a negative, but when it’s used to reference technology advancements, it typically means innovation.

No doubt, that the real estate industry is ever-changing. Technology has changed the way the industry conducts business today compared to years ago. And the speed of technology is gaining momentum every year, making concepts a reality even quicker than before.

Just like the flip phone advanced to the smartphone, technology in the real estate industry is predicted to evolve, but at a quicker pace. Writers in this issue talk about blockchain technology and online real estate services – examples of newer technology-based offerings already making their way into the market.

Our first seminar of the year, held in February, will focus on this topic. This seminar was specifically designed to give you an in-depth look at how business is conducted today from a traditional standpoint, the new technology-based industries entering the market that may disrupt traditional business, and how real estate companies are preparing for it. Save the date for February 16, 2018 for The New Real Estate Industry Seminar held at our Scottsdale campus.

In today’s technological world, change is inevitable. It’s how we adapt and prepare for the change that will make the difference.