Smart Building App
This blog post is the second of a 2-part introductory series on Data Analytics in Commercial Real Estate. In part 1, we showed that data analytics leverages verified data to reach decisions rather than using intuition or guesswork and is core to driving strategic business decisions.
Implementing or improving a data analytics program in commercial real estate requires upfront planning and several critical steps. Here’s a quick checklist to follow:
“Data” is increasingly important to all organizations in the way that energy, raw materials and talent are. It has become an essential resource – table stakes, really – for today’s operations. And while “big data” is a buzzword that sometimes deters decision-makers from paying further attention to the topic, there are compelling reasons to look past the hype and focus on substance instead; that is, to put technology to work to extract business value from data.
Smart buildings has been evolving rapidly in recent years. Sensors have become mainstream and integrated processes and systems are gaining traction, particularly with corporations that have large or complex commercial space footprints. Initially, energy efficiency was the driving force behind smart building technology and system adoption. Today however, smart buildings are focused on the interconnection of technologies and systems that make buildings intelligent and responsive to the needs of owners, operators and occupants.
Commercial buildings are truly getting smarter. Deploying advanced technologies not only improves building efficiencies and staff productivity but helps spur new and innovative services. The advent of IoT is helping drive costs down while increasing sustainability, safety, and comfort across commercial real estate.
Smart Building IoT solutions have been touted as the Holy Grail for commercial real estate (CRE) owners and managers with many seeking the benefits of data-driven, real-time applications that will modernize a business or learning space. What building owner or manager doesn’t want to delight a tenant, streamline facility operations, optimize the square footage charged monthly, or create a more productive, healthier, ‘green’ space that warrants a premium?
Work is now “what we do” not a “place where we go.” This is how authors of a Deloitte report, “Advanced Workspace Strategies: Enabling Today’s Mobile Workforce” described modern work environments and they couldn’t have said it better.Work-life balance is gradually being phased out by work-life harmony as technology enables employees to assert more autonomy over their schedules. Unsurprisingly, more and more workers are choosing to scrap commutes and braid work tasks seamlessly into their lives.
Determining the right mix of coveted conference room space is a growing challenge for many organizations. Some struggle with a recurring shortage of available space rooms. Others are wasting money due to a chronic problem of vacant seats in meeting rooms. And many organizations wrestle with both – lack of available rooms and underutilized seats.
Osram has teamed up with Rifiniti, a leader in workplace analytics software, to offer smart building IoT solutions to the commercial real estate industry that improve operational efficiencies, occupant comfort and the bottom line. The solutions guide major real estate decisions such as capacity planning and conference room rationalization by combining rich data collected via Osram’s smart lighting technology infrastructure with Rifiniti’s powerful workplace analytics software. As part of the partnership, Osram will offer Rifiniti Optimo software as a solution (SaaS) to Encelium® Extend light management system customers.
IoT is top of mind in every industry today, and healthcare is no exception. The Global IoT Healthcare market is expected to grow from $41.22 billion in 2017 to reach $405.65 billion by 2026 according to ResearchAndMarkets.com. Additionally, the findings of a global IoT survey of over 3,000 business and IT professionals, ‘The Internet of Things: Today and Tomorrow’, indicates 60% of healthcare organizations globally have adopted IoT devices within their organization. It is clear that the healthcare industry is set to leverage the power of IoT.