The Age of Acceleration: Navigating Global CRE Technology & Innovation
Every year, we evaluate the state of our industry and its future direction as we decide on the Realcomm | IBcon conference theme. We review the last 12 months and do a bit of prognosticating as to what path the year ahead might take for Commercial & Corporate Real Estate, Technology, Automation and Innovation. This has been our tradition for the last 20 years and looking back, these assessments were pretty good representations of the time at hand.
In 2001 during the dot.com era, we called for a New Digital Economy, only to be Looking Beyond dot.com in 2002 as the bubble had burst. In 2005 we prepared for Commercial Real Estate @ the Speed of Light and after the financial crash of 2008 when budgets were tight, Show Me the ROI was the sentiment of the day. By 2011, relevant growth meant moving Beyond ROI with more of a focus on innovation as the theme. This trajectory was also very much in sync with the massive financial investment in CRE Tech, which began after the crash. The years 2012 through 2015 continued to promote accelerated adoption of technology in our industry. And 2016 was a major year as it introduced us to yet another new generation of general technology that included AI, Blockchain, Augmented Reality, Autonomous Vehicles and more.
This brings us to 2018, our 20th year focused on the intersection of Commercial and Corporate Real Estate, Technology, Automation and Innovation. It has been an incredible journey, one that included many ups and downs, travels, conversations, debates and ideas from around the world, as well as a slow but steady rise in the adoption of new innovative ideas powered by technology. These powerful trends are not only changing business processes, they are fundamentally changing how we use real estate.
During these 20 years we have seen an incredible organization of market data; an increased sophistication in enterprise solutions; the ability to fly around the world and see a building; powerful computers in the hands of everyone; a standard, easy to access global network; smart connected buildings; and now, a new set of technologies that are truly industry-changing.
As we contemplated our theme for 2018, one word kept coming to mind… speed. While the technological change in the last few years has been fast, what we see ahead is a pace never before experienced. Technologies that have been around for many years in the labs are now making their way to the street and are positioned to create fundamental changes: (1) AI will predict market changes but may also eliminate a number of jobs; (2) autonomous vehicles will be on the road in the next three to five years but are also in a position to impact the workforce; (3) virtual reality tours of space will provide lifelike real experiences; (4) the IoT and a world of sensors will gather data in unprecedented ways; (5) smart assistants will be everywhere; and (6) the theme of 'smaller and smarter' spaces will challenge the traditional commercial and corporate real estate model.
So, this year's theme, The Age of Acceleration: Navigating Global CRE Technology & Innovation, will focus on what it will take to keep up, understand all the new technology, change organizations, rethink strategies, predict the future, take bigger risks and work at a speed never experienced in modern history. Again, these are not just tactical, incremental changes to operating models, but may result in wholesale changes to the purpose of real estate and how we operate it. We are already seeing this in the retail sector, which is influencing the industrial segment as well. We are also in the early stages of the 'Space as a Service' model, which is poised to continually challenge the commercial and corporate real estate assumptions of yesterday.
We are at a point now where everyone in a real estate organization should be thinking about how technology, automation and innovation is changing our industry. From the receptionist to the CEO, everyone should be aware that the current operating models are in play. We believe that to survive and thrive in this age of acceleration, we need to discuss, debate, collaborate, test, fail and be truly open to transformative change.
We invite you to watch our theme video for 2018 and join us on June 5-7 at the Cosmopolitan Hotel of Las Vegas as we explore The Age of Acceleration and together collaborate on how we can Navigate the Global CRE Technology and Innovation landscape.
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UPCOMING REALCOMM WEBINARS
Technology and the Impact to a Commercial Real Estate Strategy – Innovators Weigh In - 10/3/2018
For today’s Commercial Real Estate CIO, new technologies continue to emerge that are changing the landscape daily. Long gone are the days where property management, budget and forecasting and e-mail are the only concerns. Today, digital transformation, smart buildings, occupant experiences, automated leasing, artificial intelligence, augmented reality and cyber are just a few of the new technologies impacting the role of CIO. This webinar will discuss the wide-ranging set of technologies changing the commercial real estate industry and more importantly, the types of strategies necessary to navigate at an ever-increasing speed. Hear from some of the industry’s most successful CIO’s regarding this “Age of Acceleration”!
Founder of Realcomm Conference Group, an education organization that produces Realcomm, IBcon and CoRE Tech, the world's leading conferences on technology, automated business solutions, intelligent buildings and energy efficiency for the commercial and corporate real estate industry. As CEO, Jim interacts with some of the largest companies globally pertaining to some of the most advanced and progressive next generation real estate projects under development.
Susan Gerock currently serves as VP, Information Technology and CIO for Washington REIT, a publicly traded REIT based in Washington, DC. She has over 20 years' experience in various technology roles spanning manufacturing, consulting, application service provider, and commercial real estate organizations. Her specialties include ERP selection and implementation, project and change management, and cybersecurity. She is also a proponent of the use of social media and the overlapping relationship between technology and marketing.
Phil Klokis is currently the CIO for the Public Buildings Service (PBS) of the General Services Administration. He is responsible for delivering Information Technology (IT) solutions and services supporting PBS' diverse real estate operations and portfolio management consisting of 1,500 owned assets, 9,000 active leased assets and nearly 350 million square feet of office space.
Ron Victor is a Silicon Valley based technology entrepreneur with 20 years of experience and expertise launching new ventures at start-ups and fortune 1000 technology companies. To-date he has enabled raising more than $30Million in start-up capital for multiple start-ups in silicon-valley. Ron has founded and led three companies to-date with successful exits. His latest venture is IoTium Inc. – a Silicon Valley start-up that provides a secure, cloud-managed, easy-to-deploy software defined network infrastructure for all IoT verticals.
Marc is a pioneer in leading the Intelligent/Smart Buildings and M2M movements pushing the industry forward and has contributed to transforming and changing the Intelligent Buildings and M2M (now IoT) industries. As Chief Marketing and Communications Officer for Lynxspring Marc leads corporate and product marketing, strategy, brand management, public relations and communications that support the company’s strategic and growth initiatives.
Scott Sidman has 14 years of CRE technology experience leading sales and marketing efforts. He is responsible for supporting company growth goals and assuring company and product direction aligns with market needs as well as leads. Scott is CRE tech evangelist and host of a CRE Tech Talks podcast.