Real estate company invests in digital transformation and process innovation

Cyfield, one of the leading and more experienced construction companies in Cyprus, has this week announced that it has selected Capacitor Partners to steer the digital transformation of specific departments in its group.

The company explained that its main goal is the pursuit of continuous innovation and the competitive edge that digital technologies can offer.

The real estate sector is regarded as one of the fastest-growing sectors of the global economy. To keep up with scaling and sizing, implementing a digital transformation strategy is paramount in the future of the sector.

According to a recent McKinsey report, the digitisation of business processes plays a key role in shaping the future and dynamics of the construction industry.

Capacitor Partners offers quality digital transformation services in process reengineering, business and technology strategy, and product management to large organizations.

Capacitor Partners founder and director Michael Tyrimos said that “Cyfield is one of the main players in the Cypriot market that systematically contributes to the development of our country”.

“It is a great pleasure for us to have the opportunity to work together on their digital journey,” he added.

Cyfield’s CEO George Chrysochos said that “in a rapidly changing era, the digital transformation is becoming an integral part of our evolution process, and at the same time is an important factor of our adaptability and growth”.

Moreover, more traditional companies are investing in digital transformation as it is an integral part of doing effective business, so companies need to innovate in order to stay competitive.