REcalibrate | Real Estate Companies Using Innovation to Turn Challenges into Opportunities
Every year, as we decide on the Realcomm | IBcon conference theme, we evaluate the state of our industry and its future direction. We review the last 12 months and do a bit of prognosticating as to what path the year ahead might take for Commercial & Corporate Real Estate, Technology, Automation and Innovation. This has been our tradition for the last 20 years and looking back, these assessments were pretty good representations of the time at hand.
This year's theme, REcalibrate | Using Innovation to Turn Challenges into Opportunities, focuses on how everyone in an organization needs to fully understand how this next chapter of the digital revolution will affect their role as well as the organization as a whole.
The Commercial and Corporate Real Estate industry has been talking about technology improvements and solutions for many years. An increasingly connected and complex global environment creates new business challenges, and the pace of change has recently increased exponentially. Fueled by ever improving technology, massive investments and a constant reevaluation of existing processes and methodologies, the industry is experiencing an unprecedented level of transformation. These developments require an approach that is not simply tactical or incremental but rather strategic and foundational.
This technical revolution is fueling every aspect of our industry; how we manage data and information, how we operate buildings and portfolios as well as the way we use and experience space. Add in changing workforce demographics, wide swings in the market, political division and an evolving global landscape, and the challenges present themselves front and center. Maintaining traditional business models while embracing innovation to prepare for the future is a major challenge.
The nature of technology as we see it today is dynamic, encompassing and has its own momentum. One can only keep up or get left behind. There are many questions and few firm answers. How do you transition from a company with a steady hand for the day-to-day work, to an agile and flexible entity that embraces change? How do you calibrate innovation? How do you measure success? We may not know the answer, but one thing is certain – resolve, balance and ownership from everyone involved are required.
While the challenges may be great, so too are the opportunities. Companies that determine how to REcalibrate and make innovation an integral part of their organizations will not only survive but thrive. Constant change and reevaluation of every aspect of a Real Estate organization will continue to improve insight, efficiency, occupant experience and ultimately, profitability.
Technologies such as 5G, AI & Machine Learning, Robotics and Autonomous Vehicles will continue to redefine work and employee responsibilities. Other new and exciting innovations will evolve and increase in magnitude and impact.
It is time to REcalibrate, identify the challenges, embrace innovative ideas and discover new opportunities in the way we design, build, lease, operate, transact and use Commercial and Corporate Real Estate.
Realcomm | IBcon 2019 will be held at the Nashville Music City Center on June 13 & 14 (Golf and RE Tech Tours June 11 | Pre-Con Events: June 12). Register early and save!
This Week’s Sponsor
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit www.yardi.com.
Be a part of one of the most interactive and exciting sessions of the conference, the Smart Building Best Practice Showcase, which will be held on June 14 from 8:30am to 10:30am. The Showcase presents the world’s most successful implementations of smart buildings, campuses, and portfolios. These projects represent the future of real estate with their state-of-the art design, connectivity, systems integration and enhanced occupant experience. For the past six years, this event has featured over 200 smart projects by Google, Microsoft, LinkedIn, Ford Land Energy, Stanford University, Aruba and many more!
If you are involved with a smart building, campus, portfolio or city project you feel would add significant value to the Showcase, please contact Tina Danielsen.
UPCOMING REALCOMM WEBINARS
Top GLOBAL INNOVATIONS of 2019 Impacting Commercial and Corporate Real Estate - 12/12/2019
2019 will likely be another year of great innovations for the Commercial and Corporate Real Estate industry. With a multitude of new companies and ideas being funded by an insatiable appetite of investors, the traditional workflows and processes of Real Estate are challenged daily. Add to this a desire by the established marketplace to also innovate and the pressure of change increases. This webinar will bring together some of the industry’s most prolific prognosticators who will discuss and debate the state of innovation in our industry for 2019. For those firms that are leaning into the change brought about by technology this is a perfect opportunity to hear about the leading solutions, case studies and best practices.
Founder of Realcomm Conference Group, an education organization that produces Realcomm, IBcon and CoRE Tech, the world's leading conferences on technology, automated business solutions, intelligent buildings and energy efficiency for the commercial and corporate real estate industry. As CEO, Jim interacts with some of the largest companies globally pertaining to some of the most advanced and progressive next generation real estate projects under development.
Jeff Chulick is the Technology and Innovation Leader for EY Real Estate Services. He leads a global team of professionals focused on the identification, innovation, design and realization of technology solutions that greatly enhance the workplace experience. His areas of focus include digital strategy, smart workplace, IoT, visual communications, workplace management, physical access and audio/visual technology. Jeff has over 20 years of enabling workplace strategies and delivering innovative solutions for EY and external clients across many different industries.