Elevating Corporate Real Estate Through Business-Centric Analytics
CRE leaders increasingly want to understand how data can be leveraged intelligently to strategically engage with—and enable—their core businesses, but they aren’t always sure how to translate this into reality. The data required to generate meaningful, business-centric analytics typically exists across a host of different applications and stakeholders and can be difficult to integrate and analyze.
With this in mind, CBRE and Johnson Controls jointly developed an innovative, cost-effective solution to collect, aggregate and analyze occupancy data across Johnson Controls’ global portfolio. Leveraging the number of computers connected to the router in Johnson Controls’ office locations as well as CBRE’s Vantage Analytics platform, the initiative has provided real occupancy data in contrast to available seat counts. As a result, the initiative has helped uncover needle-moving opportunities to impact Johnson Controls’ bottom line.
CBRE’s Vantage Analytics platform connects and integrates data from CBRE, client and third-party sources in a scalable technology environment supported by strong data governance and visually impactful reporting.
To determine occupancy levels across Johnson Controls’ portfolio and at individual sites, we extracted device counts every 15 minutes at each office location (making use of what is essentially, free data). Moreover, this approach to collecting utilization data did not require installing sensors or any additional infrastructure. The team sourced the device count data from on-site routers and deployed a simple algorithm to connect the data feed to CBRE’s Vantage Analytics platform. What’s more, this approach does not raise data privacy issues as we only gather a count of active IP addresses connected to the network—not names. In addition, the data provided is more accurate than typical badge data because most of the systems in Johnson Controls’ smaller offices count ins but not outs.
Within CBRE’s Vantage Analytics platform, the data is then translated into visual dashboards that summarize daily portfolio health and performance measures including square feet per headcount and occupancy percentage and will soon also feature opportunity costs for each site. CBRE and Johnson Controls business leaders also have on-demand, web-based access to global portfolio data, including occupancy, critical portfolio dates, real estate activities, project and facilities management activities and savings delivered. Additionally, metrics can be filtered around Johnson Controls’ unique business segments, making the costs, opportunities and impacts of real estate more tangible and relevant for leadership across its businesses.
Managing and visualizing data with a business-centric lens is a simple yet impactful method that supports strategic decision making. Coupled with this, having a smart, resourceful approach to solving inherent challenges can lead to innovation and efficiencies. Johnson Controls has long understood the significant impact that corporate real estate has on business performance. By utilizing CBRE’s Vantage Analytics, Johnson Controls has the ability to identify opportunities to optimize space, reduce real estate costs and facilitate discussions aligning business strategy with portfolio operations.
Learn more about CBRE's Vantage Analytics platform here.
Ward Komorowski, VP, Enterprise Property Group, Johnson Controls
This article is co-authored with Ward Komorowski, VP of Enterprise Property Group and Security, who is responsible for providing strategic direction and planning for Johnson Controls, including forecasting and budgeting, facility management, real estate, project management and operations services for the company’s global portfolio.
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CBRE, a Fortune 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm based on 2018 revenue. It employs 90,000+ people and serves real estate investors and occupiers through approximately 480+ offices worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CoRE Tech’s Smart Building Showcase Presents Leading Edge Corporate RE Projects
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UPCOMING REALCOMM WEBINARS
CORPORATE REAL ESTATE & Technology – The Importance of Developing a STRATEGY - 10/24/2019
The Corporate Real Estate industry has quickly gone from constantly resizing the corporate real estate portfolio based on the everchanging business needs of the corporation, to having to understand and deal with a myriad of issues relating to technology, automation and innovation. Not only do CRE professionals need to understand things such as IWMS, intelligent buildings, the smart workplace, AI, VR/AR and other emerging technologies, they also need to understand the fundamental shift on how we use space. Technology which is enabling mobility has shifted the landscape. This webinar will feature some of the most innovative professionals discussing the importance of developing a comprehensive Corporate Real Estate portfolio strategy around the concept of Digital Transformation.
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.
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.
Emmanuel Daniel is responsible for building and delivering the Digital Transformation strategy for campuses across Microsoft and leads a global multidisciplinary team of architects and experience designers. He builds experiences that merge technology with the built environment, leading to the formation of spaces that respond to the needs of its users. He is also accountable for identifying, building and implementing the next generation of products that will make smarter and sustainable buildings.
Paul Maximuk is the Product Owner as well as a technical SME at Ford Land, leading all BMS and controls integrations globally. He has over 30 years of experience in the industry managing multiple types of energy systems and specializing in strategic smart building implementation and management. Paul’s expertise in the built environment spans real estate assets from large industrial facilities to Class A office buildings.
Ronna Davis has been in the networking and telecommunication industry for 23 years. She has been with CommScope for over 13 years and has held positions in sales, channel and product line management. She is currently on CommScope’s Strategy and Technology Team for Buildings and Campuses. Previous to CommScope she worked in the design and construction of telecommunications networks for eight years and in wholesale distribution for two years. She studied marketing and is a LEED Green Associate.
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.
Brent Boekestein is the CEO of Vintra, Inc., a leading video analytics company from Silicon Valley that uses artificial intelligence to transform any video surveillance into actionable and tailored intelligence. Forward-thinking enterprises and public safety organizations like Sacramento City, NYC DOI, Sacramento County, and more use Vintra’s solutions to organize, analyze, and derive critical insights from overwhelming amounts of stored and live video.