Advisory Banner

ADVISORY

VTS CEO Nick Romito Talks Open Data for AI and Machine Learning in CRE

With AI and machine learning becoming buzz words in Commercial and Corporate Real Estate, more and more companies are capturing comprehensive data and realizing the need for open platforms.

Fully leveraging AI and machine learning is five years away in real estate, estimates Nick Romito, CEO and co-founder of VTS, a leading leasing and asset management company, "Today’s mindset is that it is just a foreign thing."




In this Video Showcase, Romito says the industry is learning how to gather and structure data so that real estate can catch up with other verticals like healthcare.

Romito’s most "unpopular" opinion is that the multitude of real estate platforms should be completely open with data flowing freely in and out. Larger real estate incumbents are beginning to agree, he says, but the movement remains "behind the scenes."

The future of daily real estate could be macroeconomic data (real estate combined with environmental, social, health metrics, etc.) helping people decide which cities to invest in and why.

Keep current with industry insights and trends from around the world. The Realcomm | IBcon Video Showcase is a monthly feature of curated interviews selected from our Conference LIVE Video Library. Learn how Commercial and Corporate Real Estate organizations implement new technology, fail fast to improve, build innovative teams, connect buildings and neighborhoods, and manage cyber hacks and security attacks.

Check out other Realcomm videos on YouTube.

Realcomm Staff
Realcomm Conference Group LLC is the leading research and educational institution that produces annual conferences and expositions on technology, automated business solutions and intelligent buildings strategies for executives in commercial, corporate, government and institutional real estate. Realcomm was founded in 1999 with the goal of bringing industry leaders together each year to discuss, demonstrate and debate the latest innovations that impact the industry.

This Week’s Sponsor

MRI Software delivers innovative applications and hosted solutions that free real estate companies to elevate their business. Our flexible technology platform and open and connected ecosystem meet the unique needs of real estate businesses, from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. For more information, please visit www.mrisoftware.com.

Realcomm News

SAVE THE DATE!

UPCOMING REALCOMM WEBINARS

Smart Building DIGITAL TWINS – Demystifying the Building Visualization Technology - 3/12/2020

From design and construction to operations and maintenance, building processes can be represented by millions of data points. A Digital Twin, the contextual model of an entire smart building ecosystem, serves as a repository of data from BIM, the BAS and sensor networks associated with the building’s infrastructure. It acts as a bridge between the physical and digital world, as the dynamic replica is fed real-time data from actual operations of the physical asset. AI and machine learning integrations help to contextualize and process that data to uncover operation optimization opportunities within the virtual environment that can be applied to the real building. This webinar will demonstrate the current state of Digital Twins in the built environment and feature the most relevant, practical and successful case studies surrounding the technology.

headshot for Tom Shircliff
Tom Shircliff Intelligent Buildings
Tom Shircliff Co-Founder Tom Shircliff is a co-founder and principal of Intelligent Buildings, a nationally recognized smart real estate professional services company that was
headshot for Tom Shircliff
Tom Shircliff
Co-Founder
Intelligent Buildings
LinkedIn

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.

headshot for Matthew Lennan
Matthew Lennan Oxford Properties
Matthew Lennan Innovator in Residence Matthew Lennan has been integrating IT and building system technologies for more than 30 years. He has developed and implemented computing infrastruc
headshot for Matthew Lennan
Matthew Lennan
Innovator in Residence
Oxford Properties

Matthew Lennan has been integrating IT and building system technologies for more than 30 years. He has developed and implemented computing infrastructures for global financial firms, major healthcare facilities, manufacturing, entertainment complexes and traditional smart buildings. Most recently, Matthew has been working in software development to refine the customer experience for smart buildings in Office, Retail and Residential environments. He is currently responsible for driving Innovation across Oxford Properties’ portfolio.

headshot for Marty Chobot
Marty Chobot Invicara
Marty Chobot VP of Marketing Marty works with CRE clients to understand their needs and challenges, and then translates that knowledge into strategies for Digital Twin solutions a
headshot for Marty Chobot
Marty Chobot
VP of Marketing
Invicara

Marty works with CRE clients to understand their needs and challenges, and then translates that knowledge into strategies for Digital Twin solutions and, ultimately, successful projects and compelling stories. Marty has helped bring technology products to market for more than 25 years. Prior to joining Invicara, he served in marketing, product management and business development roles for a wide range of software companies and founded two consulting firms.