Verdantix: Can predictive analytics work in commercial real estate?


Improving maintenance procedures through predictive analytics has recently seen many notable developments. Siemens is integrating IBM Watson Analytics into its MindSphere platform to help implement predictive maintenance schemes. Rockwell Automation recently launched its predictive analytics capability for factories and machinery. And PTC and Deloitte Digital announced that they are jointly developing predictive maintenance solutions for factory operations.

These developments are hardly surprising. Predictive analytics enables users to detect if, and when, machinery is likely to breakdown. For example, predictive analytics enabled Duke Energy to identify a slight increase in the turbine vibration of a steam turbine – after maintenance was performed. The subsequent repairs resulted in $4.1 million of potential power generation loss being prevented. Facility managers at plants and factories are therefore likely to be looking for such solutions to keep things running.

But is predictive analytics a natural sell in the world of commercial real estate? There is certainly some evidence of this. Since 2009, UK-based retailer Sainsbury’s has used software provider Verisae’s (now part of Accruent) predictive maintenance solution to reduce product loss from refrigeration failures. Since 2016, engineering firm KONE has partnered with IBM Watson to embed intelligent analytics in its elevators and escalators to improve their performance and reduce instances of unplanned maintenance.

Nevertheless, such examples are not necessarily the norm. According to our 2016 Global Energy Leaders Survey, 46% of the 250 facility managers surveyed said improving the collection, analysis and reporting of energy data from their electrical assets is a very important priority. In contrast, more granular asset-level energy management was only considered very important by 22%. And in our 2015 Green Quadrant for Building Energy Management Software, only 18% of the customer panel we interviewed considered maintenance scheduling and predictive maintenance to be a very important asset management functionality.

The average facility manager is therefore more likely to be concerned with basic data capture than advanced solutions like predictive analytics…

[Admin: This post is related to the 07.13.17 post and 03.16.17 post about IBM Watson Analytics, and the 08.01.16 post about the competitors of IBM TRIRIGA. To see other related posts, use the Verdantix tag.]

Continue reading

Advertisements

Serraview: High-tech occupancy sensors for agile space planning


The following is a guest blog written by Itamar Roth, CBO at PointGrab.

Agile workplaces are a smart strategy for solving a number of pressing corporate problems: reining in mounting property costs by optimizing space, supporting workforce mobility, and attracting and retaining talent.

However, planning and managing these flexible environments is challenging because of the nature of agile spaces: people are constantly moving around and occupancy shifts from day to day, even hour to hour… Innovative occupants’ activity sensors can provide up-to-the-minute intelligence about space utilization that’s needed to plan and manage modern workplaces… Today, intelligent Internet of Things (IoT) sensor technology can be used to help lower expenses and design workplaces that provide the optimal employee experience.

Here are some of the latest advancements in commercial occupancy sensors and how they overcome some of these challenges.

  • Horizontal sensing vs. traditional commercial occupancy sensors…
  • Image sensing and AI improves ability to count people…
  • Edge analytics technology protects occupants’ privacy…
  • Extending range and reducing maintenance…
  • Demand-controlled ventilation reduces energy use…
  • Daylight harvesting provides smarter lighting control…

[Admin: To see other related posts, use the Serraview tag.]

Continue reading

RedSys solves CRE management issues effectively with IBM TRIRIGA


[Google Translated from Russian]

IT solves real estate management issues effectively

Business-IT integrator RedSys jointly with IBM held a seminar on the topic “Managing commercial real estate: Experience and prospects for implementing IT solutions.” The event was organized by the association of the real estate market REPA in the format “Development Environment”…

To participate in the first session, RedSys, Knight Frank, RD Management, IBM, etc. were invited to present their experience in applying IT solutions to optimize business processes in real estate…

Within the framework of the sessions, a discussion was held on the impact of IT solutions on risks and profitability in managing the real estate object. Artem Myasnikov, director of the center for industry and business solutions at RedSys, says: “To increase manageability, reduce risks and optimize costs, are allowed by comprehensive management tools using advanced technologies, such as IBM TRIRIGA“…

[Admin: This post is related to the 03.02.17 post about TRIRIGA and RedSys offering ERP for commercial real estate. To see other related posts, use the RedSys tag.]

Continue reading

[Original Russian]

IT решает вопросы управления недвижимостью эффективно

бизнес-IT интегратор RedSys совместно с IBM провел семинар по теме «Управление коммерческой недвижимостью: опыт и перспективы внедрения IT-решений». Мероприятие организовано ассоциацией рынка недвижимости REPA в формате «Девелоперская среда»…

К участию в первой сессии были приглашены компании RedSys, Knight Frank, RD Management, IBM и др., дабы представить свой опыт применения IT-решений для оптимизации бизнес-процессов в сфере недвижимости…

В рамках сессий развернулась дискуссия на тему влияния IT-решений на риски и доходность при управлении объектом недвижимости. Как утверждает директор центра отраслевых и бизнес-решений RedSys Артем Мясников: «Повысить управляемость, снизить риски и оптимизировать затраты позволяют комплексные инструменты управления с применением передовых технологий, в частности таких как IBM Tririga»…

Continue reading

Serraview: IWMS 2.0 achieves true integrated best-in-breed systems


With the emergence of new workplace models and technologies, we are starting to see a shift away from traditional Integrated Workplace Management Systems (IWMS) to stand-alone software systems integrated through common APIs in order to achieve true best of breed capabilities across multiple service needs. In fact, one of the original founders of the IWMS concept, Michael Bell, has defined this shift as IWMS 2.0. According to Mr. Bell, IWMS 2.0 has the potential to achieve lower costs, faster implementation and valuable data-driven insights…

At Lighthouse.io, we are strongly aligned with Michael Bell’s IWMS 2.0 vision. We are focused on solving very specific challenges for facilities managers… For a facility manager, these challenges form only one part of their overall remit. Whilst it’s tempting to build out a system that covers the entire facilities management function, we realize that by doing so we would be sacrificing the quality of our core product. Therefore, our preference is to integrate with complimentary products that are best of breed and solve a different set of challenges for facilities managers.

To illustrate the IWMS 2.0 model in practice, let’s explore how Lighthouse.io could integrate with another best in breed software product – Serraview. Serraview is a leader in space planning and management. Lighthouse.io is a leader in commercial cleaning software and optimizing delivery of facilities services. Combined, these two products can provide facility managers with an end-to-end solution for managing employees, assets, and delivery of facilities services…

[Admin: This post is related to the 08.01.16 post about the competitors of IBM TRIRIGA. To see other related posts, use the Serraview tag.]

Continue reading

Verdantix: Is your workplace strategy costing you millions?


Recently, Verdantix reviewed a range of data on real estate operating costs for both renters and owner-occupiers. Data was pulled from our global annual decision-maker surveys, BOMA surveys and ASHRAE HVAC maintenance surveys to determine a typical baseline operating cost for commercial buildings in the US. An analysis of this average cost data with potential savings from various strategies finds the following.

Over 50% of operational cost savings can be achieved through improved space utilisation. This should come as no surprise for two reasons. First, better use of existing space can reduce the amount of space required for operations leading to reduced costs across all real estate OPEX categories (fixed expenses, utilities, maintenance, and rent costs). More can be accomplished in an existing workplace without incurring the extra cost of acquiring more space for business expansion.

Secondly, the nature of the workplace environment is changing. Work forces are becoming increasingly mobile as the nature of work becomes more collaborative. A Gensler survey found that 32% of employee time is spent in a mix of focused, social and learning environments. Combine this with various teleworking schemes and its no wonder firms like space management vendor Rifiniti finds that, on average, only 45% of workstations are used on any given day, instead of the hoped for 80%. With workstations costing an average of $5,000 to $20,000 apiece, poor space utilisation is like throwing money out of the window…

[Admin: To see other related posts, use the Verdantix tag.]

Continue reading

IBM TRIRIGA and RedSys offer ERP for commercial real estate


[Google Translated from Russian]

ERP for Real Estate: To Help Managers

In the IT market, there are a number of systems for the management of commercial real estate, both Russian and foreign. Many of them work on transactional basis. There are integrated solutions, covering all aspects of property management. One of these solutions is developed by the RedSys Russian company, which is based on IBM TRIRIGA software platform, widely used around the world for the management of assets. Features of the solution – through management of the facility, which includes all areas: financial, commercial, operational, etc. Users can do powerful visualization and reporting, which allow you to control the object from different points of view.

The building is presented in such a system in the form of a floor plan, for which the information can be obtained from three-dimensional models of BIM-systems, which clearly demonstrates all the necessary data to the customer: the occupancy of space, the number of tenants, the state of infrastructure, financial performance, and more. Also in their judgment, RedSys has built project management tools with the possibility of the plan, attach documents, and reporting on deviations from the terms of the tasks. Of particular note, and analytical capabilities of solutions that enable owners and top management to keep abreast…

Continue reading

[Original Russian]

ERP для недвижимости: В помощь менеджерам

На ИТ-рынке существует ряд систем для управления коммерческой недвижимостью, как российских, так и зарубежных. Многие из них работают по транзакционному принципу. Есть и комплексные решения, охватывающие все аспекты управления недвижимостью. Одним из таких решений является разработка российской компании RedSys, в основе которой лежит программная платформа IBM Tririga, широко используемая во всем мире для управления активами. Особенности данного решения — сквозное управление объектом, включающее все направления: финансовое, коммерческое, эксплуатационное и т. д. Пользователям доступны мощные средства визуализации и представления информации, которые позволяют управлять объектом с различных точек зрения.

Здание представлено в такой системе в виде поэтажного плана, информацию для которого можно получить из трехмерных моделей BIM-систем, где наглядно демонстрируются все нужные заказчику данные: заполняемость площадей, количество арендаторов, состояние инфраструктуры, финансовые показатели и прочее. Также в составе решения от RedSys имеются встроенные средства управления проектами с возможностью ведения плана, прикрепления документов и формирования отчетов по отклонениям от сроков выполнения задач. Особо следует отметить и аналитические возможности решения, позволяющие владельцам и топ-менеджменту держать руку на пульсе…

Continue reading

KPMG: Intelligence engine helps companies meet FASB deadline


KPMG Spectrum’s “Leasing Tool” embeds the firm’s accounting expertise into innovative digital compliance platform

A deadline is looming for companies to comply with new Lease Accounting Standards. The changes introduced by the Financial Accounting Standards Board will require companies to account for most operating leases on their balance sheets as early as January 1, 2019.  The new rules will have a significant impact on any business that has commercial leases.  Yet, findings from a KPMG survey suggest that companies are vastly underprepared. Of the companies surveyed, 92 percent say they will need to implement a new IT system but 81 percent say they haven’t started.

Businesses are running out of time, but KPMG has created an innovative solution. The KPMG Leasing Tool for IBM TRIRIGA (KPMG Leasing Tool) helps organizations efficiently prepare for and adopt a longstanding system to comply with the new leases standards…

[Admin: This post is related to the 08.12.15 post about the KPMG Leasing Tool for IBM TRIRIGA.]

Continue reading