The DNA of Tomorrow’s Buildings
Responsiveness. Innovation. Agility. Adaptability. All organizations must possess these qualities in order to thrive in today’s highly competitive global economy. Until recently, corporate real estate was not considered a strategic advantage to help companies reach these goals, and commercial real estate had not yet fully embraced the concepts and technologies available to further optimize shareholder value.
Today, that is changing. The world’s built environment supports 6 billion people—a number that is expected to grow by 4 billion in the next 40 years. Research shows that we currently possess only about 25 percent of the real estate that is functional to support the world population by 2030. This shortfall must be addressed with new, enhanced buildings that provide a flexible foundation for growth. In addition to the need for new development, existing buildings must be updated with connectivity to improve building operations and usage. As well, according to Harbour Research and Forrester Research, by 2010 more than 14 billion devices will be connected to the Internet. Most of these devices will be in buildings, operating as controllers, sensors, servers, and microprocessors.
The real estate marketplace recognizes the need to transform buildings to better house future populations, connect systems, and empower existing building users. This recognition is causing a transformation of the entire real estate sector, in which stakeholders—from owners to developers and investors, landlords, tenants, and users—are demanding more from their properties. These stakeholders now view real estate as a strategic instrument that supports increased profitability and efficiency and a transformed experience.
The real estate transformation that is currently under way is based on a new vision—one in which buildings will be controlled, managed, and connected to the Internet in a way that goes beyond simply “lighting up” IP services. Instead, the building of the future will be intertwined with Internet technologies from its inception, transforming the process of design, construction, operation, and usage. The Internet is becoming part of the DNA of tomorrow’s buildings, providing innovative and responsive environments for all stakeholders.
The building of the future will rely on connectivity to improve the occupant experience, maximize building performance, preserve existing investments, and conserve the increasingly scarce resources required to build and operate a property. Real estate stakeholders will create the vision of a connected building, based on their need for flexible, customizable spaces to live, work, and play. Connectivity will be built into the fabric of every building, new and existing, allowing all properties to take advantage of the huge opportunities created by the Internet revolution.
With the network as the platform for transformation, connected buildings will become a real-time element of the enterprises they house and the functions they serve—such as shopping in a mall, leisure activities in hotels, learning in universities, and healing in hospitals. Connected buildings will be able to adapt to the constantly changing needs of all stakeholders. This strategic approach to real estate considers future requirements and builds in the capabilities for enhanced space allocation, security, regulatory constraints, privacy, conservation, cost management, scalability, and safety. These building capabilities have one fundamental element in common—they all use the network as the platform for delivering information, services, business processes, and assets to a diverse and dynamic set of real estate stakeholders.
An example of this movement is Connected Real Estate from Cisco®, which can deliver value to all key stakeholders in business and real estate. Connected Real Estate is the model of the future. It can increase the profitability of real estate developments and provide new, differentiated business opportunities with the potential for incremental revenue. Connected Real Estate will also enhance the well-being of employees and individuals by improving the comfort, safety, and health environment of every property.
Connected Real Estate is delivering significant financial and operational advantages to the construction, real estate, and property services industries and their customers. Connected Real Estate addresses the needs of all properties, including hospitality properties -- hotels, resorts, and casinos; residential developments; multiplexed and multi-tenant retail outlets; corporate real estate; commercial multi-tenant office buildings; healthcare; education; retail banking; and more. It is transforming the business model for the entire real estate market, from one based on creating and offering space to a model in which facilities and IT become services provided to the businesses and functions that take place within the built environment.
This new approach looks at the building lifecycle—from concept, design, and construction to maintenance and operation. A converged IP network is at the heart of this new strategy and is incorporated as a key element in the early planning process. Forward-thinking real estate companies have already found success by using the Connected Real Estate model, and they are building this network-centric approach into their future properties.
To learn more, visit www.cisco.com/go/realestate.
This Week's Sponsor:
Cisco Systems Inc. is the worldwide leader in networking for the Internet. Today, networks are an essential part of business, education, government and home communications, and Cisco Internet Protocol-based (IP) networking solutions are the foundation of these networks. Cisco hardware, software and service offerings are used to create Internet solutions that allow individuals, companies, and countries to increase productivity, improve customer satisfaction and strengthen competitive advantage.
Next Week: End of The Year Review
In-Building Wireless: Satisfying the Demand For Wireless Indoors - 1/22/2009
As the usage of wireless devices continues to grow exponentially, building owners are faced with the challenges of supporting wireless communications inside their buildings. Whether it’s cell phone coverage for tenants, emergency communications, wireless building systems, or WiFi in the lobby, you need to know how wireless technologies will affect how you manage and operate your buildings.