Cloud computing revolution is ahead, says Rics
Cloud computing, which involves adopting a virtual server online, allows businesses to save information remotely and dispense with their own servers.
Property professionals should be aware of this growing trend and consider its impact on space requirements, IT costings and increased remote working when advising clients, said Rics.
With demand for online servers set to increase exponentially over the coming years, cloud computing could help redefine the cost profile of IT in real estate companies, generate demand for technical property like data centres and reinforce flexible working practices.
Andrew Waller, spokesperson for Rics, claimed that as more and more businesses look to reduce their expenditure, cost-efficient operating solutions will become an increasing priority.
He said: "The impending impact of businesses adopting the Cloud will be far reaching for the property profession.
"Organisations that choose to adopt these virtual IT systems will be able to reduce their running costs and smaller businesses will be able to access systems which would, otherwise, have been beyond their financial means.
"Furthermore, by using virtual IT systems businesses will require less floor space, as large servers are dispensed with and the smooth, reliable remote access allows a greater number of employees to work away from the office on a more regular basis."