The options for where and how new inventions might be applied are boundless as technology advances at an ever-faster rate. New technology, such as better video monitoring, is being used in the property sector to improve the quality of life for families and communities by boosting security and implementing improvements based on new insights. Cloud-based video surveillance, in particular for the co-living movement, is assisting operators in improving shared spaces for their residents in ways that on-premises surveillance never could. Here’s how the technology boom is benefiting co-living, from improved security to better social areas.

The co-living movement is the most recent manifestation of a long-running human phenomenon. We’ve witnessed the act of communally sharing space and resources while benefiting from a supportive group many times throughout history. A place that everyone can call home meets a variety of requirements. It’s no longer just working and socializing together with the concept of shared spaces. As living costs rise, many individuals, particularly the young, find it difficult to get on the property ladder, and renting an apartment alone can feel alienating. Many tasks, like maintenance, go to the building owners, and the cost is included. Co-living spaces provide a ready-made community, and many responsibilities, such as maintenance, fall to the building owners.

What does it mean to “introduce technology” in a co-living space? Smart communities are co-living communities — How technology will improve co-living?

It’s basically divided into five major domains:

-Voice command

-Sustainability

-Touch Panels that are larger

Intelligent Locking System

-Integration

This could be a great way to spark conversation among members if properly set up, and there are various other ways of implementing technology there are.

How technology comes in?

Colive is revolutionizing the way people find, rent, buy, sell, and manage real estate. The internet, massive processing capacity, cloud platforms, and artificial intelligence (AI) have all come together to produce technologies that are revolutionizing the property sector. Whether it’s assisting buildings in being more energy efficient or even more sustainable, technology can help. Technology is helping make co-living situations safer and more intelligent for the individuals who live there.

People’s safety is one of the most important aspects of building design. It is enabling entrance systems with touchless entrances and new ventilation systems, for example, following a year in which health was at the forefront of everyone’s concerns. Even if the pandemic isn’t a factor, individuals who live in shared spaces need to know that security is well-managed and that the management wants to ensure that only residents and their guests have access to the place.

Video surveillance and access control, once considered an “add-on” to building design, are now becoming increasingly crucial aspects of the technology, and they are equally desirable for co-living. Surveillance cameras are sensors that can detect activity, patterns, and other changes in a particular environment. In order to affect change, we can analyze video data in real-time. Video data can be analyzed in real-time to make rapid changes, or it can be saved and assessed at a later time.

With cell phones becoming more and more important, co-living companies are turning to mobile apps to communicate with their tenants and make their lives easier. The software facilitates seamless communication and provides immediate help. Residents may also use the built-in apps to report difficulties, request meals, laundry services, or even seek a roommate change, and the overall system speeds up the process. Most of these players continue to place a premium on safety and security. Many companies have implemented biometric and facial recognition systems, as well as a 24-hour concierge and security guards.

Technology for Smart Living

On-premises video surveillance data had limited uses in the past, as it was frequently accessed only after a security incident, such as a break-in. As a result, the video would be rarely used, and the camera and storage system would be an unnecessary expense with no return on investment. The cloud has had a significant impact on video surveillance. Remote management allows operators to alter, adjust, and perfect the system without having to be on-site, while remote monitoring informs operators of any odd situations such as equipment malfunction or damage. In co-living spaces, a cloud-based video surveillance system can assist operators in gaining a better understanding of how tenants utilize their space and making changes that benefit everyone.

Surveillance, for example, can show operators which parts of the common spaces are being used the most and at what times, including locations where space is limited, such as the laundry room or gym. Operators can use the video’s insights to improve the current setup when possible, as well as learn lessons about how to better design future co-living spaces, by analyzing it using AI. This technology can also keep everyone safe in today’s environment. If someone is wearing a face mask as they enter a building, cameras can detect it and restrict admission until they remove it.

Another simple option for screening people for an elevated temperature before they enter a common location is thermal cameras. Though a high temperature does not mean you have COVID-19, the technology can provide an initial screening, allowing those with high temperatures to be manually evaluated for other symptoms or be referred for a test. Co-living is not a new concept; humans have been living in shared spaces for thousands of years, cooperating and socializing for the common good. What distinguishes today’s co-living movement is the wide spectrum of fast-growing technology that is being used to improve the living conditions of tenants. Co-living places are unquestionably a lower-cost, high-quality way of life.

When face-to-face contacts aren’t possible, digital technology is best suited to serve guests, especially during these trying times. The move-in and move-out processes are now entirely digital, with many tools and apps in charge. Companies have also changed the language in their email responses and app notifications to reflect the new safety procedures. Most players are investing in new technologies such as AI and machine learning in order to deliver user-friendly services and learn customer behavior in order to provide customized products.

With customers’ top priorities being safety and hygiene, and social distance conventions certain to persist for the foreseeable future, co-living players are now focusing on redefining themselves. Organized players and branded corporations have a significant edge, which gives them a lucrative opportunity. Regular, strict inspections and sanitary standards are carried out, which may be monitored.

Digital tools are also helping to develop a feeling of community in a sector that is based on physical locations. The co-living industry’s whole value proposition relies heavily on community, and regular in-person meetups are a big part of it. Rather than holding regular meet-ups in person, most of these gatherings are now held online. To keep a social living, many are organizing internet activities such as cooking workshops, music sessions, and even virtual dance parties. Interactivity is crucial to the success of these e-meets. It’s critical to establish an online feedback system that allows residents to submit suggestions and provide input for future activities.

Millennials and Technology

Co-living is one of the most popular kinds of housing for the always-on and constantly traveling millennials and GenZ, as it provides an affordable, safe, hygienic, and convenient living choice in a new location. However, in these exceptional times, shared living is becoming a difficult sector to navigate, since most individuals prefer single occupancies. Gamification strategies that motivate residents’ actions or trigger behavior adjustments can take co-living technology to the next level. These can subsequently lead to increased engagement in virtual events, as well as help in making modifications to their food or electricity used to reduce waste.

Residents may simply access their rooms without using physical keys, and smart locks, often known as digital check-ins, help monitor the building’s security measures. Co-living players will match this burgeoning need for fantastic experiences. Newer opportunities are surfacing now that things have settled in, and one thing is certain: co-living is for the long run!

If you decide to go the co-living way, Colive, the world’s largest verified co-living platform, is a good place to start. We make it simple to choose your ideal co-living space in your preferred location. Visit www.colive.com to learn more about the incredible range of Colive properties available in Bengaluru, Hyderabad, Pune, and Chennai.