Page 53 - RC19 RealcommEDGE 2019 Fall Issue

INNOVATION OPPORTUNITY – Continued from page 47

blockchain to start having an impact on the CRE industry positions at owner operator and investor firms in North
within the next two years America, Europe, Asia-Pacific and Latin America. The
• 31% of executives stated that smart city initiatives and survey research was conducted by leading international
projects are already having a major impact on their research firm IDC in late fall 2018.
investment and portfolio decisions
• A large majority of firms have already invested in inte- To see the full report visit: www.altusgroup.com/
grated software solutions for critical CRE functions. cre-innovation-report-2019
However, 60% of executives said their firms are still
utilizing spreadsheets as their primary tool for report- Jeff Hayward’s enterprise software industry
ing, 51% for valuation and cash flow analysis and 45% background includes extensive international
for budgeting and forecasting, indicating that despite experience in areas of marketing strategy and
significant innovation, the industry continues to lag in corporate communications. Currently as VP,
certain areas Global Marketing & Communications of Altus, he
is focused on developing and executing global marketing strategies to
The report is based on a global quantitative survey of drive demand in product and services, increase brand awareness
C-level and senior executives in both front and back office and strengthen customer retention.

RECC – Continued from page 49

• Solution Profile; Company Security Practices; data ownership, breach and vulnerability notifications,
• General Security Standards and Personal Identifiable cybersecurity insurance, stress and penetration testing,
Information/Data Privacy Security Standards; and more, as well as business continuity and disaster
• On Premise Head End/Servers Appliances; recovery plans.
• On Premise End Point (IoT) Devices and Cloud/SaaS
solutions; Interested in Getting Involved with the RECC?
• Implementation and Data Integrations; Within the next few months, the RECC plans to involve
• Ongoing Support. more companies across the industry supply chain in its
efforts to raise cybersecurity awareness in the industry
For each category, a set of questions is provided to and make buildings and facilities more secure. If your
assess cybersecurity readiness of a third-party company, company is interested in joining the consortium, please
as well as their solution and processes. contact us at recc@realcomm.com.

3. Guiding Principles to Improve Vendor Written documents detailing the working groups’ Best
Cybersecurity Contract Requirements Practices and Guidelines are available to all industry
Beyond negative reputational and financial aftermaths, stakeholders. (To receive a copy of the latest version of
the risks associated with data breaches of OT building RECC Best Practices and Guidelines, please email recc@
systems include serious impacts to life safety of build- realcomm.com.)
ing occupants. With the advancements of technologies
and the increasing interconnectedness of smart building As Webinars and Program Manager at Realcomm,
solutions and devices, ensuring continuous availability, Sarah Bemporad is responsible for conducting real
integrity and confidentiality of personal, business and estate tech webinars and managing the educational
building operating data must be a top priority when content for online seminars and conferences.
entering into third-party vendor contracts. The Vendor Previously, Sarah managed investor and corporate
Contract Language working group identified contract relations at Paramount Group, a fully-integrated REIT headquartered
element requirements for third-party vendors based on in New York.
industry best practices. The developed guidelines cover

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