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CRE & the Quest for the Rosetta Stone: The All-in-One 3D Data Platform

The Race to 'Go 3D' is On! It seems like every building owner, corporate real estate director or smart campus operator I meet these days is trying to develop a 3D data platform strategy to consolidate all of their building and project data portfolio-wide, but they just don’t know how to get there.

Has this not been the Quest for the Holy Grail for many years? Wouldn’t it be amazing if it were all just there at your fingertips: all your project data for all of your buildings everywhere – facilities, energy, and security data, along with all the project data, BIM, CAD, IoT, legal, leasing, financial, you name it – uniquely visualized in an easy-to-use 3D Google Earth-like tool so any user could easily search for and understand any aspect?

The Challenge: Too Many Tools, Too Many Data Formats, and Too Little Actionable Intelligence for the Portfolio
The benefits of aggregating, visualizing, and analyzing large amounts of Big Data are now well understood in the real estate industry, impacting functions that range from building management, to tenant services, to market analysis. Owners specifically acknowledge that Big Data analyzed correctly leads to increased transparency in the markets, risk mitigation, data standardization across real estate assets, and general better decision making. The challenge is that the increase in data sources and volumes has given rise to a dramatic increase in new proprietary expert tools and new data formats at the same time. These range from 3D data – or spatial data (BIM models, BMS/IoT sensors) – to non-spatial data (spreadsheets, reports, CAD dwgs, GIS, Social Media). Put simply, today’s challenge for Building Owners isn’t just to aggregate data, but to aggregate spatial and non-spatial data, and to do that they need a robust 3D data platform.

The Solution
At Cityzenith, we’ve been developing the Smart World Pro platform to help owners break the Great Data Barrier in the building industry today that has kept them in the dark for so long. We are actively working with industry leaders and other institutions to develop a common 3D ‘BIM-lite’’ or FIM (i.e., Facilities Information Model) approach that enables them to digitize all their building assets to one common 3D earth model standard, and then connect any type of live or historical data to those models, all in real-time. FIM models differ from BIM models, and are simpler in geometry (rooms, floors, major equipment/structure, skin) but more complex on the data backend, ingesting data from hundreds of file formats. Features inside Smart World allows users to import and curate any data set of their own; ask questions and run complex searches; and run various analyses that range from line-of-sight and shadow studies to advanced environmental and traffic impact simulations.



What Kind of Data Can Be Visualized and Analyzed?
Users can aggregate and import hundreds of file formats, and then curate and index those files to suit their individual needs. They can navigate to any piece of information anywhere in an instant, see the results of analysis, and share the outcomes with peers. Owners are looking for better answers to questions like these:

OPERATIONS
  • Energy Management: “Which tenants in our buildings inside this 20-block area have fallen short of their predictive consumption usage patterns by more than 5% over the last seven days?”
  • Facilities Management: “Show me the number of occupants on the 27th floor of the XYZ building in Toronto, between 9:00 and 11:00 a.m. this morning.”
  • Security Management: “What are the line-of-sight angles for our security cameras on the 11th floor in our hotel that ensure maximum regress/escape route?”



PROJECTS
  • Renovations: “Are my tenants happy with the new lobby that we just opened? Let’s geo-group tweets around the property to check sentiment analysis from the last month.”
  • New Builds: “Let’s navigate over to our Philadelphia property to view a live on-site construction video feed of all activity to monitor progress.”
  • Site Analysis: “Where is the right place to site our residential tower on this complex if the IoT data tracking noise levels inside Smart World suggests that the current location is too noisy?”
As a user-friendly visualization platform that users can be trained on, Smart World drives value to not only projects and operations, but to marketing and leasing teams as well who are equipped with better data to entice and serve tenants. It will soon be enabled with VR/AR Marketing Support as well (export to VR applications to enhance leasing efforts).



What Is the End Value to Owners?
  • More accurate forecasts and predictions
  • Operational transparency
  • Identifying unknown potential across the portfolio
  • Faster and more comprehensive analysis
  • Faster reactions by management
  • Improved Customer Service
  • More targeted leasing and sales efforts
What You Will Need to Get Started
Not a lot. And don’t worry if you don’t have BIM models of every building in your portfolio—almost no one does. It is easy and cost effective to create 3D models of existing assets from CAD, BIM, paper, LIDAR, and other building documentation, and ancillary data loading services are also available.

Michael Jansen, CEO, Cityzenith
An impassioned architect, urbanist and entrepreneur, Michael has founded and led high-growth companies in the US and Asia for more than two decades. In 2010, Michael assumed the helm at Cityzenith as CEO and embarked on his personal mission to transform life in cities around the globe.

This Week’s Sponsor

At Connexxion®, we are industry leaders in providing intelligent data management and data visualization solutions to customers – from consumers and small businesses to large global enterprises. Our expertise is in helping secure, manage and visualize operational data. We developed the Connexxion® data management and data visualization platform to streamline and secure the integration of disparate data sources. Connexxion® transforms the ingested real-time data into actionable information and provides to our customers the ability to analyze and dynamically visualize their data and share their data with other solutions or applications.

UPCOMING REALCOMM WEBINARS

Real Estate Information Management - BUDGETING & FORECASTING - 9/5/2019

With real estate portfolios becoming more complex and in need of continuous financial scrutiny, the demands for integrated, real-time, accurate building and portfolio performance information is critical to business success. Long gone are the days of isolated static forecasting; we are now entering an era of complex, integrated, real-time and predictive. New platforms, including CPM (Corporate Performance Management) products, approaches and innovations continue to reshape this important real estate process. Industry experts will present state-of-the-art, leading edge and modern approaches, providing an up-to-date perspective on current best practices.

headshot for Chuck Niswonger
Chuck Niswonger NiceNets Consulting
Chuck Niswonger President Chuck Niswonger has over 30 years of successful leadership experience in technology-related roles that range from operating his own consulting company
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Chuck Niswonger
President
NiceNets Consulting

Chuck Niswonger has over 30 years of successful leadership experience in technology-related roles that range from operating his own consulting company (www.nicenets.com) to directing the IT strategy of a real estate investment management firm to manufacturing and technology-enabled education. Chuck has also been the chair of the Realcomm Investment Management (IM) Advisory Council for the last ten years, managing content selection for the conference educational sessions, IM forums, workshops and webinars.

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Cecilia Li Urban Edge Properties
Cecilia Li SVP, IT
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Cecilia Li
SVP, IT
Urban Edge Properties

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Porter Bellew Federal Realty
Porter Bellew VP, CIO Porter Bellew is VP, CIO for Federal Realty Investment Trust. He is responsible for the Trust’s information technology strategy, services, operations
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Porter Bellew
VP, CIO
Federal Realty

Porter Bellew is VP, CIO for Federal Realty Investment Trust. He is responsible for the Trust’s information technology strategy, services, operations and team. Porter has over 25 years of experience in real estate information management.

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Todd Huebsch Yardi
Todd Huebsch Industry Principal, Commercial
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Todd Huebsch
Industry Principal, Commercial
Yardi

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Nick Moore Lionpoint Group
Nick Moore Executive Director Nick Moore is a founding partner of Lionpoint Group, a global consultancy focused on delivering complex business and operations transformation initiat
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Nick Moore
Executive Director
Lionpoint Group

Nick Moore is a founding partner of Lionpoint Group, a global consultancy focused on delivering complex business and operations transformation initiatives to solve process and data inefficiencies within the alternative investments market.