Technology Leaders in The Age of Acceleration: Chandra Dhandapani, CBRE
Chandra Dhandapani is Chief Digital & Technology Officer at CBRE, the world’s largest commercial real estate services and investment firm. The company has more than 80,000 employees and serves real estate investors and occupiers through more than 450 offices worldwide. Chandra has responsibility for all aspects of the company’s digital strategy, technology infrastructure and digital enablement, from core infrastructure and information security to innovative product development. Prior to joining CBRE, she was a senior digital transformation leader and technology executive at Capital One Financial for 17 years.
What major technology projects were you involved with last year?
In partnership with our Head of Strategy, I led a comprehensive strategy exercise across our lines of business and our three regions, Americas, EMEA and APAC on potential risks and opportunities due to digital innovation. We concluded that for CBRE, digitally enabled opportunities significantly exceed disruption risk. This resulted in identification of distinct priorities for digital enablement across the board that we are now executing on.
The most exciting project for us in 2017 was creation of the CBRE 360 platform to digitize user experiences in offices and the multi-tenant facilities we manage. This idea emerged internally in response to a client RFI and we prototyped it through a 3-day hackathon (we called it a ‘protothon’), that led to winning the client account and has emerged into a scalable, plug and play platform. This resulted in CBRE launching a new business capability that combines this Software as a Service platform with our facilities/property management services.
The name CBRE 360 was chosen for the software platform as a natural evolution of our Workplace 360 program, where 3-4 years ago we pioneered reimagining the office space of the future with free addressing workspace. Today, in addition to the physical space, we are able to provide a mobile app powered by a plug and play platform that enables CBRE to provide custom experiences for individual occupier clients. For large campus clients, services may include wayfinding, conference room booking, finding and connecting with colleagues, ability to raise service requests, etc., all from the convenience of a mobile app. It is a collection of software driven capabilities at your fingertips. We also have a version for investor clients who want to provide great digital experiences in their multi-tenant buildings including access to food services, and a host of other amenities within the building.
We have a very active pipeline of clients interested in getting the app in the hands of their employees and/or tenants in a campus setting and/or across their portfolio of buildings.
What are your highest priority technology initiatives in 2018 and what are the drivers behind those initiatives?
A few that I can share are accelerated public cloud migration, which is driven by the need for innovation agility, and execution of digital strategy priorities resulting in new product/service offerings. We have adopted a multi-cloud strategy which allows us to leverage the rapid pace of innovation at public cloud providers. Any net new software, such as CBRE 360, is built and deployed on the public cloud. We are also actively migrating on-premise applications to the public cloud. We have a very talented cloud transformation team that just completed migrating 50 apps in 50 days.
We now have agile product development teams in key hubs around the world. This allows us to behave like several startups within CBRE anywhere in the world. The mantra we use internally and increasingly is ‘globally connected, locally empowered’. We are being disciplined about building reusable components; building software that is appealing and relevant to a local market and can be leveraged in other markets with similar needs.
Another example of a new product we launched just a few weeks ago is Spacer. It’s a mobile tool that helps clients define their next workplace, including type of space and how much space they would need, and it’s integrated with Floored Plans, our proprietary space visualization product. Clients can start by filling out the Spacer quiz, which includes a few simple questions about the kind of space they are looking for and how many employees they have. They can then view 2D and 3D interactive floor plans based on their specific space program results. From idea to launch, Spacer took us less than six months. This would not have been possible without the domain expertise in CBRE and the ability to work with our talented technology teams in a rapid, iterative fashion. We have people with 20 plus years of experience in this industry. We’re marrying that experience with talented software engineers and product designers and embedding technology capabilities into the heart of how we serve our clients. It’s quite a differentiator.
What trends do you see having the most impact on the industry over the next three years and why?
In the immediate term, I would say increased flexibility through ‘space as a service’, infusing the power of machine learning into CRE workflows, increased near real-time visibility and intelligence into facilities/property management, and an intense focus on user experiences in commercial real estate – increasingly referred to as ‘consumerization’ of commercial real estate.
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UPCOMING REALCOMM WEBINARS
CRE Tech Innovation Showcase - Uncovering the Next Generation of New Ideas - 7/12/2018
Never before in the history of the Commercial Real Estate market has technology been so prevalent. Since 2009, hundreds—if not thousands—of companies selling tech to the Commercial Real Estate Industry have emerged. Estimates now suggest there are more than 2,000 new CRE Tech companies in the space. The sheer number of new companies makes it almost impossible to keep up and organizations are struggling to establish an effective process to discover, organize, vet, test and implement new technologies. This webinar will evaluate the categories of technologies, best practice criteria, and clarify different solutions that are making their way to the top of the list.
Tom Shircliff is a co-founder and principal of Intelligent Buildings, a nationally recognized smart real estate professional services company that was started in 2004. Intelligent Buildings provides planning and implementation of next generation strategy for new buildings, existing portfolios and urban communities. Tom is a speaker and collaborator with numerous universities and national laboratories, a gubernatorial appointee for energy strategy and policy and founding Chairman of Envision Charlotte, a Clinton Global Initiative.
Chip Pierpont manages and provides expert guidance on the development and execution of requirements/solutions for building operations and technologies for General Services Administration (GSA), a Public Buildings Service (PBS) government agency tasked with managing government buildings and real estate, providing product and service procurement support, and developing policies and regulations. The landlord for the civilian federal government, PBS owns or leases 8,700 assets, maintains an inventory of more than 370 million square feet of workspace for 1.1 million federal employees, and preserves more than 481 historic properties.