innovation and disruption in the real estate industry by david eaves

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future is already here it’s just not very evenly distributed - william gibson Tuesday, April 5, 2011

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David Eaves talk from the 2011 Canadian Real Estate AGM

TRANSCRIPT

Page 1: Innovation and Disruption in the Real Estate Industry by David Eaves

future is already hereit’s just not very evenly distributed

- william gibson

Tuesday, April 5, 2011

Page 2: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 3: Innovation and Disruption in the Real Estate Industry by David Eaves

UsefulNecessaryUbiquitousEasy to use

Tuesday, April 5, 2011

Page 4: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 5: Innovation and Disruption in the Real Estate Industry by David Eaves

ObsoleteImposed

Location specificCumbersome

Tuesday, April 5, 2011

Page 6: Innovation and Disruption in the Real Estate Industry by David Eaves

UsefulNecessaryUbiquitousEasy to use

ObsoleteImposed

Location specificCumbersome

Tuesday, April 5, 2011

Page 7: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 8: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 9: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 10: Innovation and Disruption in the Real Estate Industry by David Eaves

•Open and Accessible Data - the City of Vancouver will freely share with citizens, businesses and other jurisdictions the greatest amount of data possible while respecting privacy and security concerns;

•Open Standards - the City of Vancouver will move as quickly as possible to adopt prevailing open standards for data, documents, maps, and other formats of media;

•Open Source Software - the City of Vancouver, when replacing existing software or considering new applications, will place open source software on an equal footing with commercial systems during procurement cycles;

Tuesday, April 5, 2011

Page 11: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 12: Innovation and Disruption in the Real Estate Industry by David Eaves

data as platform

Tuesday, April 5, 2011

Page 13: Innovation and Disruption in the Real Estate Industry by David Eaves

GPS

Tuesday, April 5, 2011

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Precision Bombing

Tuesday, April 5, 2011

Page 15: Innovation and Disruption in the Real Estate Industry by David Eaves

Mining Equipment

Four Square

LocatingRescue Workers

Precision Bombing

Google Maps

Aircraft Positioning

Tuesday, April 5, 2011

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Tuesday, April 5, 2011

Page 17: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 18: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 19: Innovation and Disruption in the Real Estate Industry by David Eaves

UsefulNecessaryUbiquitousEasy to use

ObsoleteImposed

Location specificCumbersome

Tuesday, April 5, 2011

Page 20: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 21: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 22: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 23: Innovation and Disruption in the Real Estate Industry by David Eaves

Gate keepers?

Tuesday, April 5, 2011

Page 24: Innovation and Disruption in the Real Estate Industry by David Eaves

Tuesday, April 5, 2011

Page 25: Innovation and Disruption in the Real Estate Industry by David Eaves

your world is about to get

OPENTuesday, April 5, 2011

Page 26: Innovation and Disruption in the Real Estate Industry by David Eaves

three predictions

Tuesday, April 5, 2011

Page 27: Innovation and Disruption in the Real Estate Industry by David Eaves

1.things are about to go J-shaped

Tuesday, April 5, 2011

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Tuesday, April 5, 2011

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bigger winners, bigger losers

the bad will be more exposed

small differences = big differences

more nichesTuesday, April 5, 2011

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Tuesday, April 5, 2011

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Tuesday, April 5, 2011

Page 34: Innovation and Disruption in the Real Estate Industry by David Eaves

2.value ≠ access

Tuesday, April 5, 2011

Page 35: Innovation and Disruption in the Real Estate Industry by David Eaves

but then it never did

value =deeper analysisengagementconsulting

Tuesday, April 5, 2011

Page 36: Innovation and Disruption in the Real Estate Industry by David Eaves

information platform?

Your monopolyor someone else’s?

Tuesday, April 5, 2011

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Tuesday, April 5, 2011

Page 38: Innovation and Disruption in the Real Estate Industry by David Eaves

3.No one in this room will want to change

Tuesday, April 5, 2011

Page 39: Innovation and Disruption in the Real Estate Industry by David Eaves

collapse of complex societies

&

innovators dilemma

Tuesday, April 5, 2011

Page 40: Innovation and Disruption in the Real Estate Industry by David Eaves

Lifestyle management

MLS

Amenity assessment

Home locating

Tuesday, April 5, 2011

Page 41: Innovation and Disruption in the Real Estate Industry by David Eaves

20 Employees$150M in Revenue

(and possibly much higher)

Tuesday, April 5, 2011

Page 42: Innovation and Disruption in the Real Estate Industry by David Eaves

CREA depends on a membership.

What if that membership shrank?

Radically.

Tuesday, April 5, 2011

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Tuesday, April 5, 2011