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.]

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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.]

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[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»…

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Planon: How can RE managers take control of their RE portfolios?


In principle, every organisation is made up of four production factors: the capital, the people who work there, technology, and information (data). The real estate manager’s role in the organisation is becoming steadily more significant, partly because of the disruptive changes in Corporate Real Estate. One might suggest that real estate can now be regarded as the fifth production factor. How does a real estate manager gain control over his biggest cost item: the real estate portfolio?

Striking a balance

As a new and fifth production factor, real estate plays an important role in your organisation. Did you know that Corporate Real Estate (CRE) represents on average around 20-25% of a balance sheet? That 60% of organisations lack transparency in their real estate portfolios? And that no fewer than 2 out of every 3 real estate managers lack control over their real-estate-related processes? It’s up to the real estate manager himself to make a positive change to these statistics, and to tackle the challenges that lie ahead

The world is changing

From 1 January 2019, publicly listed companies are required to include on their balance sheets any rental contracts that run for longer than a year. With the introduction of the new lease accounting standards, the debt position on your balance sheet could rise by up to 20%. These new regulations therefore exercise a direct influence over your portfolio strategy. Accurate administration, reliable calculations and compliant reports are an absolute necessity. The need to regain control over your real estate will be made all the more urgent by the disruptive changes currently occurring in the world around us…

[Admin: To see other related posts, use the Planon tag or Leases tag.]

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Serraview: Making the case for workplace management software


The following is a guest blog written by Alison Dahlman of Condeco Software, leading providers of occupancy sensing and digital signage technology, as well as room and desk booking tools. Condeco works with the world’s most progressive brands to reconfigure and maximize their dynamic workplaces…

Most businesses assume they have 60-70% workspace utilization, when it is significantly lower. If you take into account that real estate is among the highest expenses for a business, the financial implications for more efficient workspace usage are huge. Here’s the case for workplace management software…

  • 1. The Rising Cost of Corporate Real Estate. Globally, real estate costs are at an all-time high. As costs rise, it is imperative your company maximizes real estate and monitors usage to avoid wasted space…
  • 2. An Increase in Flexible & Remote Job Opportunities. As companies offer greater work flexibility, the number of flexible or remote employees has increased. By 2020, researchers predict that flexible working will be the main mode of working for 70% of organizations…
  • 3. Productivity is Key. Rather than measure how long someone spends at a desk, productivity needs to be monitored in terms of goals and deliverables. If you adapt to the physical and virtual world of work, you can foster greater productivity…
  • 4. Attract & Retain the Best Talent. The average cost to replace a team member is $40,000, so keeping your top talent is a worthwhile investment. Additionally, when seeking prospective employees from younger generations, think about building a corporate culture that’s more in-tune with today’s work and lifestyles…

Modern workplace technology, including room booking software, desk booking software, digital signage, and workspace occupancy sensors, help businesses address these four workplace challenges. Innovative workplace management software enables companies to simplify their space management, maximize workspace usage and minimize overall space needs, ultimately cutting costs…

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

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Serraview and Accruent integrate workplace management solutions


The recent announcement of Serraview’s partnership with Accruent has generated quite a buzz in the corporate real estate arena: Accruent Announces Strategic Partnership With Serraview. We’ve been getting a lot of questions, so we’re letting you in on some of the unique opportunities our combined workplace management solutions will bring to companies transitioning to the modern corporate office.

Why have Serraview and Accruent teamed up?

Serraview and Accruent are both leading providers of workplace management solutions for companies looking to shape, drive, manage and control their real estate portfolio. Our goals are perfectly aligned: to enable corporations to make the best use of physical spaces and transform them into strategic assets…

How does the partnership better support the modern corporate office?

Today’s workplaces need to provide additional value for organizations that was never anticipated in years past. Pressure to reduce property costs remains high, but at the same time, CRE organizations must optimize workplaces to enable innovation, attract talent, boost productivity and improve employee experience in the workplace…

What are some of the new capabilities planned for the integration?

Here are just a few examples of how we’re planning to integrate Serraview’s and Accruent’s workplace management solutions:

  • Improve scenario planning with strategic data access. Serraview’s stacking and what-if scenario planning tools make it easy to combine pockets of vacancy into a contiguous space that can be freed up for other uses…
  • Enhance employee experience with integrated fault reporting. In many organizations, it’s cumbersome for employees to report on facility issues (such as malfunctioning equipment, broken furniture or HVAC problems)…
  • Streamline the Move-Add-Change process. Managing moves within an organization is typically a time-consuming process involving several groups. Within Serraview, space managers receive space requests, find vacancies and make assignments, and schedule the move process…

[Admin: This post is related to the 03.03.17 post about the Serraview and Accruent partnership. To see other related posts, use the Serraview tag.]

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Serraview: HR, IT, & CRE trifecta for workplace transformation


In many organizations, the corporate real estate (CRE) team is leading the effort to transform workplaces into more modern spaces that better support the workforce. However, to be successful your workplace transformation strategy must be about more than designing better spaces…

That’s why your workplace transformation strategy should not be developed by the CRE team alone. Outcomes for the company and for employees improve with interdepartmental collaboration between your CRE, Human Resources (HR), and Information Technology (IT) teams…

What HR and IT can contribute to the workplace transformation strategy

Moving to modern workplaces with flexible seating can be a monumental shift for employees. The fact is, you’re asking them give up ownership of their desks and significantly change their work habits. In the end (when you do it right), your people will be happier and more productive. But people do resist change…

Interdepartmental collaboration: how to gain buy in and assemble a team

Here’s a three-pronged plan for convincing your HR and IT people to help with your workplace transformation strategy.

  • 1. Share what’s in it for them. When you want to engage your HR and IT teams, it’s helpful to think about the benefits of the modern workplace from their point of view…
  • 2. Include IT and HR goals in your workplace transformation strategy. Beyond simply explaining the overall benefits of modernizing the workplace, you can win over your IT and HR teams by helping them to meet their specific KPIs and objectives…
  • 3. Address their concerns about workplace transformation. Your IT and HR groups are going to have questions and concerns about your plans to implement a modern workplace. Make sure you address these in your messaging…

[Admin: This post is related to the 04.13.17 post about Serraview space management. To see other related posts, use the Serraview tag.]

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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…

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[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…

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NGKF VISION Real Estate solution is powered by IBM TRIRIGA


NGKF VISION Real Estate is powered by IBM TRIRIGA. This solution is not out-of-the-box TRIRIGA but rather a pre-configured solution incorporating NGKF best practices in service delivery. VISION Real Estate is a cost-effective, low-risk and schedule-friendly replacement for the myriad point solutions, spreadsheets and reporting applications utilized at most organizations. This tool supports the NGKF Integrator Model and NGKF Account Management services.

There’s a stigma in the industry about Integrated Workplace Management Systems (IWMS). Statistically speaking, many IWMS projects fail. Moreover, even when an IWMS project is successful only one or two modules are effectively utilized creating an expensive and ultimately wasteful technology point solution. Until now.

NGKF has reinvented how IWMS is delivered; providing clients a pre-configured solution built on a mature, commercial platform. NGKF VISION Real Estate is part of an integrated technology platform utilizing IBM TRIRIGA with NGKF best practices as well as features not available in IWMS; a supplier registration portal, a business intelligence solution and a suite of benchmarking and analytics tools.

NGKF has made the complex IBM TRIRIGA solution user-friendly, efficient, fast, and affordable. NGKF VISION Real Estate is even leveraged within NGKF’s own brokerage, project management, facilities management and lease administration user community. VISION Real Estate is implemented by CRE consultants with expertise in CRE service delivery, data management, and industry best practices…

20170207a

[Admin: This post is related to the 06.01.16 post about NGKF GCS and the acquired CFI team.]

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JLL to acquire BRG, workplace management solutions firm


Consistent with its focus on becoming a global leader in Corporate Real Estate (CRE) technology, Jones Lang LaSalle (JLL) has entered into an agreement to acquire BRG, a recognized expert in workplace technology consulting, technology implementation, and space and move management services. The transaction is expected to close next month, subject to customary closing conditions.

JLL is changing the way that CRE technology will be delivered. By providing holistic, end-to-end technology and consulting solutions that support specialist software applications as well as broad Integrated Workplace Management Systems (IWMS), JLL will offer clients greater flexibility and choice, accelerated productivity and improved user experiences…

BRG has built a reputation for helping companies successfully implement new technology systems, optimize underperforming existing technology platforms and understand how to better integrate tools to deliver workplace strategies. BRG:

  • Helps organizations optimize and align their real estate technology, processes, data governance and performance management methods with their organizational missions.
  • Implements and integrates off-the-shelf IWMS technologies with an emphasis on functional alignment, user adoption and rapid time-to-value. It is one of the most successful IWMS integrators and has dedicated practices and expert certification in ARCHIBUS, Manhattan, CenterStone, IBM TRIRIGA and iOffice software.
  • Provides program management solutions to execute workplace, space, occupancy, and move, add and change (MAC) projects, as well as asset management functions.

As a result of the acquisition, JLL will form a new Technology Solutions team that will be led by Traci Doane, currently President and CEO of BRG…

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

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Are you prepared for Energy Star changes on the horizon?


In the coming months… facility executives may be in for a shock, because the EPA is expected to update the baseline energy consumption data that determines ENERGY STAR scoring for buildings. The current Commercial Buildings Energy Consumption Survey (CBECS) data used for calculations is still based on a 2003 survey. As new data comes in from 2012’s CBECS, a long overdue baseline reset could leave commercial buildings vulnerable to ENERGY STAR score reductions, which, in turn, could jeopardize their ENERGY STAR and LEED certifications, ultimately triggering millions in necessary upgrades.

To drill deeper, the ENERGY STAR score of commercial buildings is predicated on baseline data from the CBECS, which is conducted once every four years by the Energy Information Administration (EIA). However, an absence of CBECS reporting in both 2007 and 2011 means that the current ENERGY STAR scores are no longer an accurate measure of current building efficiency. For example, because overall energy usage fell by 7% from 2008-2011 alone, it is highly likely the new 2012 CBECS data will institute a much higher baseline for buildings seeking ENERGY STAR or LEED certification.

While this baseline recalibration may make it more difficult for some buildings to reapply for certification, it could help combat the complacency many CRE industry observers have noted. Currently, many building operators with high ENERGY STAR scores may think “we have a 92 score, we’re done” and, as a result, may delay adoption of Energy Management Software (EMS) and other comparable technologies…

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