Science fiction and institutional real estate: Change is coming soon to the industry
Never before has developing an institutional real estate investment strategy felt more like something from a science fiction novel than it does today.
In his December 2015 editorial for this publication, “The Future of Work,” Geoffrey Dohrmann discussed whether there will be a need for people to work in the future. Citing robotics and artificial intelligence guru Martin Ford, Dohrmann’s essay put forth the hypothesis that “in the future, almost no job will exist that cannot be done more accurately, faster and, therefore, better” by machines rather than by humans. In the same vein, in 2014 a very popular short video, “Humans Need Not Apply,” made its way around the Internet. It is entertaining and thought-provoking. Time will tell how accurate it is.