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
The Cloud, IoT, Sensors and More – The NEXT EVOLUTION of Smart Connected Buildings - 4/4/2019
The concept of smart buildings has been around for decades. What’s different now are the multiple generations of technology we have seen throughout the years. At first ‘building automation’ was proprietary and single-source, next came ’connected’ buildings which introduced us to the internet. Today, next-level thinking includes an expanded use of the cloud, the inclusion of non-traditional smart edge devices found within the Internet of Things (IoT), sensors, as well as integration into ERP’s other single purpose solutions and multiple telecommunication platforms. While the benefits of a smart connected building are great, the path to success is elusive. This webinar will feature the industries’ most accomplished smart building experts.
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.
Paul Maximuk is Energy Manager for Ford Land Energy where he is currently is providing project and program technical guidance to implement global metering of electric, natural gas, steam, water and compressed air systems. He is an Energy Engineer with over 30 years of experience in the HVAC/BMS field. He is an SME specializing in building management and energy reduction. Paul has focused his efforts in large industrial facilities but also has equal expertise in Class A buildings. Additionally he is a problem solver finding the root cause of why mechanical systems do not operate at their peak efficiency.
Gordon Echlin is Vice President Marketing and Business Development for Triacta Power Solutions LP, where he has been a management team member since 2009. Prior to Triacta, Gordon was a partner for a boutique venture capital firm, Venture Coaches from 2006 to 2009, and started a telematics company, Netistix Technologies, in 2002.
Rick has more than ten years of experience in technology and intelligent building engineering. Prior to cohesionIB, Rick served as the Senior Practice Leader at Environmental Systems Design in the Intelligent Building group. He led the technical design of global intelligent building and smart city projects in cities around the globe. He is passionate about designing digital solutions for the built environment that improve the experiences people have and foster the culture around them.