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Commercial Real Estate in the Digital Economy

Author
Krumhansl, Robert (Bim); Zikakis, Alex
Abstract
Distance is dead. On September 7, 2001 Professor Jacques Marescaux, M.D. of the European Institute of Telesurgery and Dr. Michel Gagner performed the first transatlantic telesurgery from a downtown New York office building on a woman in France using remote-controlled surgical arms. The surgery was made possible by high-speed fiber optic connections and advanced robotics that reduced a distance of 4,000 miles to less than 200 milliseconds. Specialized surgeons now routinely perform remote surgeries at hospitals around the world.
Journal/Series
Cornell Real Estate Review
Volume & Issue:
Vol. 10
Date Issued
2012-07-01Subject
digital automation; technology and real estate; disruptive technology; digital economy; value of location; real estate economics; offshoring; telecommuting; online retail; Cornell
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article