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7 Impact Drivers Driving Todays Commercial Real Estate, Buildings and Facilities

iot

I recently participated in a leadership discussion for corporate real estate executives and building owners and operators. As part of my talk, I discussed 7 Impact Drivers that are driving today’s commercial real estate, buildings and facilities. Here are excerpts from this discussion.

DX-Digital Transformation

Digital transformation is continuing to change and reshape our business world. Just as the industrial revolution revolutionized entire sectors of the economy, so is digital transformation. It is changing the landscape in which buildings operate today and will continue to do so.

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Another Look at IoT

iot

With all the customer and partner discussions I’ve had over the past many months along with our company’s product development path, one thing has become clear, IoT is here and it’s a journey.

IoT is having a real impact by changing how products and solutions are created, refined, serviced and delivered. It is changing the way we operate our businesses and the way of doing business. IoT is changing how customers see the businesses they do business with. And from a digital transformation perspective, IoT is pulling together people, systems, and things at a rate we have never experienced before.

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Commercial Real Estate Optimism


Hugo Moreno, Contributor to Forbes Insights provides some interesting insights on optimism from commercial real estate executives on the general state of the market: http://www.forbes.com/sites/forbesinsights/2016/05/17/optimism-in-commercial-real-estate/#7e9aed93bbc3

Some key findings from a Forbes Insight study commissioned by CIT on the U.S. Commercial Real Estate--just over 60% of executives surveyed characterize their current market posture as opportunistic; most believe that the influx of technologies is revolutionizing the industry with executives agreeing the benefits are clear however, despite this, many are slow to adopt, with only 11% of respondents rating themselves as “leading edge” when it comes to technology implementation.

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Data and Building Automation Systems

Accessing data from existing building automation systems is critical to any smart building project. We have gone from the challenge of equipment and system connectivity (now a given) to one where it is about data collection and processing and the integration of data from diverse systems and devices. Add to this, the techniques for managing, presenting, analyzing and deriving value from this data.

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Benefits and Value of Tagging and Semantic Modeling for Today’s Smart Buildings and the Internet of Things


The amount of data created by equipment, systems and devices has exploded in recent years. As this data velocity has risen, companies must be able to get the right data, understand it and help solve specific problems and address specific issues.

The data, however, can be very hard to organize and use across different applications because it is stored in many different formats, has inconsistent naming conventions and very limited data descriptors. Data lacks information to describe what it means. Without meaning, a time-consuming manual effort is required before analysis and value-creation of the data can begin. Without proper analytics, this data is not useful. Many companies struggle with data, despite their best efforts, because data is very hard to organize and use across different applications.

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