Testing Challenges Scenarios with Real Estate Startups

The majority of the commercial real estate start-ups start utilizing some of the trendy technologies such as intellectual analytics, machine learning, Virtual Reality, Augmented Reality, etc. Besides, the frequency and impact of the project complexity factors has evoked the necessity to use software testing technologies that are able to facilitate the process of development, as well as coordinate the software solutions for real estate business. Consequently, Entrepreneurs from different industries have started using the power of advanced new technologies & testing tools to survive and thrive and to bring more efficiency to business processes. Fortunately RE start-ups have adopted plethora of software solutions, so we can observe numerous real estate startups thrives from rent management to virtual home tours.

Challenges of IoT implementation: Subsequent Challenges

a) IoT apps are ridden with manifold, real-time scenarios occurring in combo, which can be very painstakingly difficult or complicated.

b) Determining the scalability scale is at all times a knotty affair. It’s difficult because there are future upgrade concerns.

c) Testing scenarios are monitored and heavily controlled contrasting the real-time situations, which are vulnerable and volatile with millions of sensors and different devices working in synchrony. The fact the IoT apps, which may have scored a perfect score in testing, might fail to bring the best results in the actual ecosystem.

d) With IoT expansion, the security concerns over safety and data integrity persistently grow and are compel test engineers to keep their heads for corrective plans.

The present challenges of IoT implementation are overwhelming, attributable to the highly complicated and exceptional characteristics of IoT apps. This mandates diverse test scenarios for general use, day-long simulations, and peak points, to ascertain if these apps ensure total scalability and performance of the IoT architecture. Generally, IoT test scenarios are classified into 6 types:

1. Performance Testing: This includes real-time and far more cumbersome aspects, such as streaming analytics, load testing, timing analysis, and time-bound outputs to validate and guarantee consistent performance of data writing, data reading, and data retrieval.

2. Security Testing: Handle out an onslaught of data is fundamental to Internet of Things operations, and hence, companies must conduct security testing to remove vulnerabilities and manage the integrity of data. This concludes scrutinizing several aspects of the system, comprising data protection, device identity authentication, encryption/decryption, & more.

3. Functional Testing: It examines the quantitative and qualitative functional deliverability of deployed Internet of Things applications in the actual conditions. Aspects, like environment conditions, network size, and topologies, are put to test.

4. Compatibility Testing: Compatibility Testing assesses if the existing working combination of software, protocols, hardware, and OSs fall on the Internet of Things interoperability radar, and are compatible with the specifications and standards of conventional IoT industrial framework.

5. Scalability Testing: This comprises the testing of all functional as well as non-functional use cases to guarantee whether the system is easy to scale to accommodate future up gradation.

6. Regulatory Testing: Regulatory testing determines the compliance of Internet of Things applications with privacy regulations.

For this reason, it will be important for Real Estate startups to create a great testing strategy to face challenges that molds to their competence and application development requirements.

  • Use the MVP- When you are a startup business looking to make the most of your software testing opportunities, the minimum viable product is going to be the MVP you require. If in case project fails, it does not have to go to production, and major funds can be saved from using the MVP to appraise the overall concept. For startups business, getting the most value out of your hard work is imperative. Building a minimum viable product will cost less money and take less time to produce than create a monolithic program. Startups can’t afford to ignore this major testing strategy and should aim to use it as an essential point for their projects.
  • Invest in helpful resources- In addition to assess and utilize people that can take on testing tasks, these individuals should be provided with the best assets possible that will help them to be successful. It is better to first consider investing in agile test management. In an agile software development environment, collaboration and communication are highly praised, and test management can facilitate such practices. Even if your business starts out small, the test management techniques and tools easily scale along with your company, guarantee that you do not need to pay for added support. It will help teams make vital decisions and quickly patch up bugs in the build.
  • Utilize everyone to test- If you are a startup that has an elite and dedicated tester or QA team provider as a backup, you are miles ahead of the game. However, several startups and smaller organizations may not have the dedicated resources to devote toward Quality Assurance and testing. Software Testing provider like ImpactQA noted that everybody from developers to sales associates and business analysts can contribute to the testing effort. Testers can easily and assess the navigation and functionality of a program. Developers can assess and make changes straight to the code to fix any issues and promote a positive UI/ UX experience. “As a startup, you’ve got to prioritize,”

Automation is another crucial tool that you ought to consider. Not only can automation integration take off some recurring test cases from the workload, but it can also empower your QA team to expend extra time on GUI & exploratory testing. As a startup, you should consider choosing automation testing tools offered by QA Consultants wisely. Fortunately, QA Outsourcing companies in US like ImpactQA offers a wide variety of options, so you will be able to find one that fits your particular business needs.

“Taking the time to thoughtfully craft your testing strategy and the time to modify it as you progress will allow your startup to begin testing in the way that makes sense for you,” Thomson wrote.

Emerging Real Estate Technology Trends 2019

If you look back a decade of progress, Real Estate Business was merely contemplating digital opportunities and embarking on a modern path of website creation, online marketing, and mobile application development. At present Real Estate Domain in its traditional sense makes up a small part of RE Technology landscape. Real Estate Technology, also famous as PropTech, or RE Tech is projected as constant-changing and fastest-growing industry. Ever since 2012, Real Estate Tech Companies have elevated over $43 billion in funding universally. The main types of solution investors are focused on within real estate sector are Software as a service (SaaS) platforms. Companies like Zillow and Trulia are industry leaders in the real estate industry and pretty successful at offering homebuyers with the digital outline of the property, and getting them in touch with realtors and brokers who can complete the contract of deal.

Real Estate Technology Trends

Real Estate Technology is it’s an umbrella term for software platforms and tools used by diverse participants in the real estate industry, including investors, brokers, property owners, real estate-focused lenders, and managers. According to the most recent report provided by Federal Reserve in the year 2014, the real estate field has the maximum value of assets that is projected in $40 trillion. In spite of the impressive number of real estate firms, less than 10% of them have adopted the software application & software testing solutions for real estate. That means real estate tech startups with modern techniques and good products still have a great possibility to become the market leaders.

The second wave of RE technology, “2.0,” has matured over the last 6-7 years, giving boosts to two new categories, tech-enabled services and space arbitrage. The 2.0 wave in RE technology hit a milestone in July 2017 with the successful and thriving IPO of a tech-enabled real estate brokerage- Redfin. This was the first prime real estate tech-enabled services organization to go publically open and did so at a valuation multiple equivalents to pure technologies comp. The bulk of the 2.0 success stories have been businesses which found prospects to progress on the offerings of incumbents and develop at their expense. These companies usually included a technology factor though also implicated significant people-delivered or space-related services to monetize. The expansion of businesses in the space-arbitrage and tech-enabled categories demonstrates also makes it particularly challenging to delineate between traditional real estate and real estate technology. Start-ups in the newest Real estate 3.0 category, which is still in its nascent stages, where the key ‘startups’ are complementary to incumbents and have technology more centralized to their offering or may potentially focused on newest and advanced technologies and tools.

Real Estate: The Synthesis Phase:

Real estate 3.0, which is still in its nascent stages, may potentially look more like real estate 1.0 where the key ‘startups’ are complementary to incumbents and have technology more central to their offering. The themes of this newest phase will likely include:

Internet of Things technology & spatial visualization: Commercial and Home space sensors, construction planning and automation tools.

  • Google’s acquisition of Nest was a precursor to the rising excitement and investment of businesses and consumers in technology to increase their physical space. Eventually impactful for the construction & development industry will be the evolution in virtual reality tools and user intuitive spatial planning tools that could reform how people make decisions.

    RE big data: Leveraging the current gains in the ease of access of large information sets to make decisions on real estate planning and investment.

    Platforms to manage and handle services & purchase: Resources and technology that help people manage real estate transaction services and the equirements of their physical space.

  • Redfin, Zillow, WeWork, along with their segment up-and-comers, have all greatly invested to build multi-service platforms, where clients would select office and home providers though their site, leaving the opportunity for new startups.

    AI in property management and valuation: Property management is essential but can be extremely demanding, especially for agents and landlords that deal with manifold properties.

  • Intelligent homes powered by machine learning and Artificial Intelligence algorithms assists in easing off the pressure by automating jobs like screening tenants, setting the rent, alerting the important contacts at emergency, among others. New-age brokerage firms are applying deep learning capabilities to find quality properties, provide accurate real estate valuations, find underutilized properties, and assists property purchasers to determine the future value of their assets.

The cloud- Another platform with extensive impact takes on the concluding process.

  • Anybody who has ever purchased real estate knows what an inefficient, long, and frustrating procedure this is. Now, thanks to the cloud and improved data management apps, the complete procedure can be streamlined for both residential and commercial purchases — right down to electronic signs. A company that is solving this trouble in a pioneering way is PEXA (Private Exchange Australia), an online property exchange network.

Blockchain- It is the underlying technology behind cryptocurrencies like Bitcoin, however, it is not merely the new payment ways that are set to modify the way we do real estate.

  • The blockchain is efficiently a decentralized database, ensuring the integrity of the data and allowing for records to be created for every single property in the nation.

Real Estate Startups have a lot on their plate when considering what trends to capitalize and what procedures will work best for their operations in order to achieve success. There are somehow several roadblocks along the way, but decision-makers in this type of industries must be smart enough to overcome challenges by using evolving technology and by staying on top of emerging trends to better meet user needs. As the technology persistently become more ubiquitous, you can expect home buying to never be the similar again.

As more people hunt for quality apps, startups should look to leverage agile testing methodologies and innovative automation testing solution offered by ImpactQA to completely vet programs & deploys the best possible products. It doesn’t matter, whether your apps are meant for consumer use or internal – your software or app must be tight and functional with no or minimal bugs. Any fixes have to be easily enacted to establish a reputation and keep user loyalty for reliability.