The Realcomm Advisory is an e-mail newsletter that highlights the newest technologies that specifically pertain to the commercial and corporate real estate industries. Learn what, where, why, and how these new technologies are being used and consider the impact they can have on your business. If you would like to submit an article for publication in the Realcomm Advisory please contact Cheri Parr.
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Hack Proof: Cybersecurity & Smart Buildings
August 15, 2019
Sent to the hotel's managing director, the note demanded about $1,800-worth of bitcoin if the hotel would like to regain access to their system. The note ended with a friendly, "Have a nice day," news sources reported at the time. If not paid soon, hackers indicated that the ransom amount would be doubled. With the full house of guests to consider, the hotel complied and paid the hackers.
Real Estate Technology & the Talent Shortage
August 8, 2019
The industry trends are clear. IFMA reports that their average member age is 50.9 years old. RICS also has written extensively about this topic (with IFMA, in fact) and noted that it has more members that are over the age of 70 than under the age of 30 (see page 10, here). RICS also notes that only 15 percent of its members are under the age of 40. The key headline from all these organizations: th...
Today’s Building Conversations
August 8, 2019
Digital transformation combined with the rate of innovation and advancement of HVAC system controls and energy management systems has reshaped the business of how we manage, operate and optimize our buildings and facilities in an IoT environment. Technology and behavioral changes have also caused an expanded conversation, engaging not just the facility side—C-Suite, IT and HR personnel—but even in...
Accelerating Smart Building Solutions with Cloud, AI and IoT
August 1, 2019
Since then, we’ve progressed this vision by introducing new services designed to help enterprise customers across industries optimize the management of their spaces. Across Azure, Dynamics and Office, Microsoft continues to accelerate results from a growing and diverse set of partners creating smart building solutions on our enterprise platform.
This year, we attended the Realcomm | IBcon confe...
Move Over Digital Workplace. The Connected Workplace is Here.
August 1, 2019
But a shift is on the horizon, and it includes the evolution beyond digitizing workplace tools or making technology more accessible to employees. It's called the Connected Workplace. It starts by honoring the employee experience, leveraging technologies like AI and IoT, and removing obstacles between HR, IT, and Facilities departments that hold employees back.
The Connected Workplace responds ...
What Are The Top 15 PropTech Trends for 2019-2020?
July 25, 2019
The following are the 15 trends that were presented at the Realcomm | IBcon 2019 General Session on June 13th. This summary provides a glimpse into what we think will be the major issues, trends, ideas, concepts and technologies that will impact the built environment over the next 12-18 months.
(1) FUTURE PURPOSE OF SPACE – Brick & Mortar vs. Digital
Equally important as how we operate space ...
Building on Realcomm ׀ IBcon Connections
July 25, 2019
The conferences provided enough material for a long series of Advisories. I’ll confine this one to the key themes presented during the general session presentation by Anant Yardi, my company’s president and founder, and the “Big Changes Ahead—The Next Chapter of Real Estate Technology & Innovation” panel that followed and included Anant Yardi along with leaders from Microsoft, Tridium and Intel.
Beyond Appraised Value: The Promise of AI-Enhanced Building and Location Scores
July 17, 2019
In a recent article titled, "Five Commercial Real Estate Valuation Methods," Rafael Rosenkranz identified current valuation methods as the Cost Approach, Sales Comparison Approach, Income Capitalization Approach, Value Per Gross Rent Multiplier, and the Value Per Door Method. However, what if there was a more comprehensive way to assign "value" to any building or location? What if a buil...