The pound outperforms forecasts and hits a year high, jargon getting in the way of progress and the nine tech tools for real-estate business success.
CURRENCY: POUND FOR POUND
The sterling hits a one-year high against the US dollar after inflation rose more than expected. A rise as much as 0.9% to $1.3282 is its highest since September 15 last year. It also rose as much as 0.9% against the euro, which is the third gain in as many days.
“Sterling strengthened against all of its Group-of-10 counterparts after U.K. legislation to withdraw Britain from the European Union passed its first parliamentary hurdle, and data showed consumer prices rose an annual 2.9 percent in August. That was more than the 2.8 percent median economist estimate in a Bloomberg survey and July’s 2.6 percent reading.”
Read more on Bloomberg.
TECHNOLOGY: IN LAYMAN’S TERMS
Should we be cutting down on the tech jargon? Is the vernacular holding people back? A study by Epicor Software Corporation has discovered, among other findings, many business professionals are bereft of understanding when it comes to tech terminology.
“One-in-five business leaders admitted they had heard of, but were not familiar with, common technology terms such as big data (22%) and cloud software-as-a-service (22%). This is despite the fact that many technologists moved on from talking about these as trends years ago, and are now exploring the strategic use of innovative technologies such as artificial intelligence (AI), digital twins, and conversational systems.”
Read the full story on Business Insider.
REAL-ESTATE TECH: 9 BUILDING BLOCKS
“With as many as 27% of agents and 21% of brokers spending between $501 to $2,000 on technology in the last 12 months, according to a report by National Association of Realtors (NAR), real estate agents are quickly evolving and adding new software and hardware systems at a faster pace.”
The use of Customer Relationship Management (CRM) tools and Slack for team communication are amongst the nine essential tech tools to enhance your real-estate operations, according to experts.
Read the full list on Forbes.