What was once a legacy-oriented industry, highly reliant on one-on-one relationships and solid portfolio management, the real estate sector is now fast being disrupted by rapidly growing technological innovation, R&D, data analytics and venture capital investment. No doubt the convergence of technology is driving the real estate marketplace to create new solutions for the sector and for cities. However, many people in the industry will tell you that PropTech is more significant than just that. PropTech is rapidly becoming a part of a broader digital transformation which is driving both technological and cultural change of the real estate industry.