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The metaverse is defined as a virtual-reality space in which users can interact with a computer generated environment and other users. This digital environment uses augmented reality and virtual reality to build experiences that mimic real-life interactions. Companies like Meta and Roblox have shifted their business models and focus on the digital transformation opportunities the […]

Codelitt’s Blake Grewal sat with Codelitt partners, Todd Green and Andrew Priadka, from TM2 Consulting to discuss their expertise and thoughts on the current market and how to pick the right partner for innovation. TM2 Background TM2 began in 2016 when Todd and Andrew left Regis in pursuit of taking their skills and expertise to […]

Communication is crucial for the success of any company. Towards the realization of a goal, no matter how many resources an organization may have at hand, it’s pointless if its individuals aren’t able to coordinate with each other on the steps needed to accomplish said goal. This is quite evident for software engineering teams. Communication […]

The market for property management software is anticipated to reach $2bn by 2027. This projection is widely due to the wide variety of commercial and residential real estate firms that are continuing to adopt technology to not only make their operations more efficient but also make their tenants happier and increase tenant retention. In this […]

The commercial real estate market continues to expand, which means competition also continues to expand. According to CBRE, in 2021 a record high $746 billion was invested into commercial real estate. Property visualization tools have allowed companies to get a step ahead of their competition. It allows all stakeholders involved in a project to get […]

It is estimated that on average 30,000 new products hit the market each year. Unfortunately not all new products are successful. In fact, around 5% of products turn out to be successful. Yes, 95% of new products fail. In addition to this, 1 out of 5 products fail to meet the end-user’s needs. This means […]

Bank of America reported that digital mortgage transactions nearly doubled in 2020 with 68% of consumer mortgage sales completed digitally. Additionally, a new survey by ICE Mortgage Technology discovered that 60% of borrowers said whether an online application was available or not would affect how they chose a lender. This has set the precedent for […]

The credit union industry is one that has been disrupted by the rise of neobanks such as Novo or Chime, and other fintech applications. In 2021 $210 billion poured into the fintech industry as an increasing number of investors see that individuals no longer have the desire to spend every interaction inside a branch and […]

What is the Product Life Cycle? The product life cycle consists of 4 stages. The clock starts ticking once a product enters the market for the first time till when it ultimately is phased out of the market. Tracking sales, investment costs, profit, and competition can help determine the stage of your product. For example, […]

Innovation can be spurred by trends in your market, competitor moves, or by simply looking inward and evaluating your user’s experience with your product. In our recent blog post, “the “secret” to profitability – understanding your user” – we discussed the link between profitability and the user experience. Today, we will be taking a step […]

Dear Valued Customer.. We’ve seen the all too familiar tagline, “dear valued customer” in circumstances where we do not necessarily feel that we are being heard as users of a product. Customer retention fuels profitability. But, this can be challenging for companies and many spend time focused on acquiring new users versus engaging with their […]

We hear the buzz word, “digital transformation”, almost everywhere we go. But, what exactly does it mean? Digital transformation is the concept of integrating technology into all areas of business. This can be challenging and daunting for many organizations as they attempt to get all departments in-sync. In fact, 70% of digital transformation initiatives fall […]

What is Cloud Computing? The cloud in the world of technology does not actually sit in the sky, although that would be pretty cool! Software and services that run on the internet operate on the cloud, allowing businesses and consumers to access applications as well as retrieve data from anywhere, not just a single computer. […]

In its simplest form, artificial intelligence is intelligence demonstrated by machines as opposed to intelligence demonstrated by humans. In the onset of artificial intelligence technology many were concerned that it would displace jobs and the world would be run by robots. Interestingly enough, the number of businesses using AI services grew 270% from 2015 to […]

The PropTech Overview Proptech, or property technology, has improved the way residential and commercial real estate firms interact with their customers and brokers, as well as rent and sell properties while also providing ease in collecting valuable industry data and managing a robust portfolio of properties. An example of companies in the property technology industry […]

Technological innovation is shifting the way we interact and do business on a daily basis. For many, the pandemic exposed digital shortcomings for companies and fueled investment into custom software development to better serve their end-users. Commercial real estate has long been viewed as a “legacy industry”; one in which has adopted the same processes […]

Pursuing technology solutions can be a daunting task for any company, particularly if the pain points identified do not have an existing solution that aligns with their needs. In the case of CRE, the increased importance of seeking technology tools to problems such as property management automation, data analytics, low interoperability between existing applications, and […]

The Codelitt team was pleased to participate in the Re:Connect webinar this past June with a panel describing some foundational concepts in digital transformation in Commercial Real Estate with our presentation entitled “Digital Diagnostics: from Symptom to Solution” The panel discussion showcases three members of Codelitt’s leadership team speaking about the role of User Experience […]

The Codelitt team was pleased to participate in the Re:Connect webinar this past June with a panel describing some foundational concepts in digital transformation in Commercial Real Estate with our presentation entitled “Digital Diagnostics: from Symptom to Solution” The panel discussion showcases three members of Codelitt’s leadership team speaking about the role of User Experience […]

The Codelitt team was pleased to participate in the Re:Connect webinar this past June with a panel describing some foundational concepts in digital transformation in Commercial Real Estate with our presentation entitled “Digital Diagnostics: from Symptom to Solution” The panel discussion showcases three members of Codelitt’s leadership team speaking about the role of User Experience […]