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Enabling Technology Adoption in Conservative Industries: A Case Study within Private Real Estate Development
KTH, School of Industrial Engineering and Management (ITM).
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesisAlternative title
Att Möjliggöra Teknikupptagning i Konservativa Industrier : En Fallstudie inom Privat Fastighetsutveckling (Swedish)
Abstract [en]

The thesis examines technology adoption within the real estate development industry, an industry that has historically lagged the adoption rate of innovations compared to industrial counterparts. The study finds that the favorable market conditions for real estate as an asset class following the debt crisis in 2008 may have been a significant denominator in slowing down the technology adoption within the industry when several industries at the same time have faced fundamental industrial disruption. The absence of vertical integration within the industry decreases the transparency and complicates the emergence of innovative solutions as technology developers continuously fail to identify what features and functionalities that are desired by industry practitioners. The study finds that the higher the observability of the innovation, the higher is the probability of technology adoption within an organization. In addition, organizations are heavily dependent on having the facilitating conditions in-place internally to enable an effective technology adoption and implementation.

Abstract [sv]

Avhandlingen granskar teknikupptagning inom fastighetsutvecklingsbranschen, en bransch som historiskt sett har haft en lägre adoptionsgrad av innovationer jämfört med industriella motsvarigheter. Studien konstaterar att de gynnsamma marknadsförhållandena för fastigheter som tillgångsslag efter finanskrisen 2008 kan ha varit en betydande nämnare för att hålla tillbaka teknikutvecklingen i industrin när flera industrier samtidigt har genomgått fundamental förändring. Frånvaron av vertikal integration inom branschen minskar insynen och komplicerar framväxten av innovativa lösningar, eftersom teknikutvecklare kontinuerligt har misslyckats att identifiera de funktioner och funktionaliteter som önskas av professionella inom branschen. Studien konstaterar att ju högre möjligheten att observera innovationens kapacitet är, desto högre är sannolikheten för teknisk adoption inom en organisation. Dessutom konstateras att organisationer är starkt beroende av att stödjande infrastruktur finns på plats internt för att möjliggöra en effektiv teknikupptagning och implementation.

Place, publisher, year, edition, pages
2019. , p. 58
Series
TRITA-ITM-EX ; 2019:298
Keywords [en]
Real estate development, Technology adoption, Disruption, Innovation, Market dynamics, Artificial intelligence
Keywords [sv]
Fastighetsutveckling, Teknisk adoption, Fundamental förändring, Innovation, Marknadsdynamik, AI
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:kth:diva-263957OAI: oai:DiVA.org:kth-263957DiVA, id: diva2:1371362
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Available from: 2019-11-21 Created: 2019-11-19 Last updated: 2019-11-29Bibliographically approved

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