RICS: Future holds cloud computing revolution

According to the Royal Institution of Chartered Surveyors, an international body focused on qualifications and standards in land, property and construction, cloud computing will become the preeminent IT solution in the property sector.

The managed IT service allows businesses to adopt a virtual server online, and thus, save information remotely while discarding their current servers. RICS advises property professionals to become aware of this technological trend, especially considering its greater space requirements, IT cost savings and increased remote working when advising clients.

RICS believes cloud computing can redefine the cost profile of IT in real estate companies among other things.

"The impending impact of businesses adopting the cloud will be far reaching for the property profession,” said Andrew Waller, a spokesperson for RICS. “Organizations 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.”

The cloud’s success and adoption across many sectors has led IDC to predict worldwide IT spending on the cloud will reach $44.2 billion by 2013.