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The digital transformation needed for the housing market and industry in the next 5 years

Real estate market forecast for the next 5 years Here's what some experts predict will happen to the real estate market in the next five years. According to Zillow, the typical value of a home in the U.S. is currently $357,589. U.S. home prices have risen 13.5% over the past 12 months and are forecast to rise 1.2% through October 2023. House prices were almost flat (+0.1%) in September-October, as buyers and sellers likely opted for a new housing market equilibrium. Housing market forecasts were generally unchanged for October as the housing market continued to slow due to rising mortgage rates and broader economic uncertainty. Zillow expects home values to remain flat through the end of the year and to increase 1.2% in the twelve months ending October 2023. Many sellers are waiting for the market to cool, and at least the number of new listings for sale hit the market, which is now down 23.9% from last year's traffic. Fewer homes are listed for sale, which could force more listings to drop in price to accommodate falling housing demand. These long-term housing forecasts are likely to change as the housing market rebalances and faces headwinds. Buyers and sellers face rising and fluctuating mortgage rates. Demand is constrained and prices are lowered as affordability barriers are at historically high levels. New listings were lower than a year ago, supporting prices but limiting sales. As the end of the year approaches, the real estate market faces considerable downside risk. The forecast was slightly higher than last month's forecast of 5.1 million sales. The forecast was raised after better-than-expected home sales data in August.
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Structural Shifts in Manufacturing

The hottest topic these days is - digital transformation; something every business is concerned about. Digital transformation is not only a hot topic, but if implemented properly, it is bound to make organizations a hot commodity. It's simple, whoever keeps the technology updated keeps at least 2 steps in the game, some businesses around the world have seen exponential growth and with it better reach. High tech as an industry has had a profound impact on the rest of the world through the implementation and inclusion of mobile technology to interact, get feedback and solve problems. Not only that, but the service-based model has brought about a high-tech tectonic shift, yet only about 40% of organizations have truly participated in the technological leap and understand the potential of mobile technology. High tech, essentially responsible for the digital transformation of all industries. Electric cars and smartphones are now an integral part of our lives, powered by AI-enabled chips made by Hi-Tech Industry. Not so long ago, businesses were not adapting to what was critical to their day-to-day operations, whereas now every technology plays a key role by performing predictive or prescriptive analytics. Businesses with a cloud-first approach will have to use the cloud provider's technology, and the same applies to other digital processes. Know More: Salesforce — Best Salesforce Consulting Companies, Salesforce Consulting Services SAP — SAP Managed Services, SAP Solutions Companies
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Digitally transform Public Services with the right ERP solution

What is ERP Being Used for in the Public Sector? State and local governments are all running at different levels of digital maturity. In fact, Gartner developed a digital government maturity scale to identify the extent to which an organization uses data effectively to “redesign services and deliver new ones, as well as to transform and manage operations.” At the initial stage, most organizations are focused on simply moving their services online to meet user expectations and save costs. As these agencies progress down the digital path, they can tackle open government programs like the Open Data Initiative or commit to a totally data-centric approach to improving data flow. Where you fall on this scale depends on several different factors that many private companies don’t have to stress about when it comes to implementing ERP. On top of highly specialized functions and controls, state and local governments face many challenges like IT budget pressure, dreaded regulatory red tape, user adoption, security restrictions, and service-led demands. To battle some of those barriers, here is what many public sector agencies are using ERP solutions for: Cost Savings in the Cloud According to Gartner, half of the public sector currently uses cloud services. That number is expected to see double-digit growth by 2021 because cloud-based solutions have lowered the total cost ownership, significantly reduced implementation times, and enabled better integration with other systems. If you are interested in learning more, we recommend you consider Microsoft Azure for Government, a cloud service specifically tailored to the security and compliance needs of the government sector.

Silos in Healthcare

Breaking down data silos in healthcare With all innovations in healthcare, incomplete patient information is still common trouble at the point of care. Frequently, there are multiple records and patient information lists that aren’t shared with the providers. For understanding better, patient health data management is still siloed largely even with information available through electronic health records. With health data management and exchange becoming so fluid, there is a broader use for EHRs. The Health Information Technology for Economic and Clinical Health (HITECH) needed to implement systems for the use of EHRs and there was no standardized requirement for EHRs to ensure that the data can be shared amongst various EHRs before it was widely adopted. The healthcare teams aren’t alone in becoming overwhelmed with the silos in healthcare organizations. But it is important to understand how these data silos in healthcare form so necessary steps can be taken to start breaking these data silos to set up the cultural transformation for more future-oriented business advantage and build competitive strategies. Forming Data Silos in Healthcare Data siloes can form naturally in each department and the data is stored for its purpose. These data silos in healthcare are mostly built around functionalities that have previously not required the need for data sharing. In recent times, healthcare systems are prioritizing improving the efforts of interoperability between aggregated patient data and EHRs for a clearer picture. The necessity in demand EHRs and other healthcare data vendors are following suit to improve interoperability. With assistance from the US government, healthcare organizations are receiving the necessary help in processing the adoption of new healthcare data interoperability standards like Fast Healthcare Interoperability Resources or FHIR which helps to lay the foundation for healthcare information to exchange data. Healthcare data vendors, payers, providers, and organizations have previously faced challenges due to the traditional systems and struggled with unifying health data records. Now it is time for healthcare organizations to seize the opportunities to build a strong foundation for data interoperability that is consolidated, secure, easily accessible, and transparent with the advancement in technology and integration of artificial intelligence, machine learning, and cloud computing powers, analysing a large set of data can help to break the data silos in healthcare at affordable costing.
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