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.
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:
“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?”
“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.”
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
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.
This Week’s Sponsor
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