How to manage Big Data in real estate?

Collected data disruption: “Smart Building” & “ Big data”

As we all learnt during MIPIM, digitalisation has become a major trend in real estate and will continue to be an important aspect of the property industry’s development. We also saw a certain attraction to “Big Data” shown during the event by property leaders. But what does this buzzword really mean  to real estate?

Leading real estate players are more and more interested in big data software solutions and tools which help improve the management of companies’ assets (unique buildings or groups of buildings), their performance and flexibility by collecting all types of data. Markets leaders tend to move towards a collaborative solution.

 

Building performance and collected data

Traceability, otherwise known as “Big Data”, is one of the main challenges for property managers, because this marketing term is associated with a real problematic and decision-making analysis: how to manage and optimise operating costs, energy consumption and investments. Nowadays they can get access to this information with a dedicated “web platform”, a tool which allows all profiles (technical or not) to access a common interface with a simple internet connection.

A full web platform (for instance, EchoPark, developed by EchoSystems and showcased at the Mipim Innovation Forum) is easy to use for large companies with centralised real estate management and IT departments. It authomises all data collection processes and optimises costs and quality of services. All collected data are dynamic, for instance, internal data like building’s energy performance, maintenance, management requests, leasing management, but also external data like suppliers’ analysis. The information saved and archived in the integrated workplace management systems provides a centralised monitoring file – known as a dataroom – which helps managers to follow the progress in real time.

EchoPark

In this context, collected data allows real estate professionals to analyse all building information through three main areas : 1) people (occupants, third-parties etc.); 2) contracts (service providers, leases, etc.) and 3) assets (assets’ organisation tree). This modern real estate management tool is consequently a great support in terms of technical, regulatory and environmental anticipation.

In a near future, data processing « Big data » will become the property managers’ key to success.

 

Valentine Chevrier smart building

 

Valentine Chevrier is a business developer at EchoSystems, a real estate software publisher for integrated workplace management systems.

Follow the company on Twitter. You can connect with Valentine on LinkedIn.

 

 

 

Top picture via Shutterstock: Dean Drobot

About Author

Avatar

11 Comments

  1. Avatar

    Hello, i read your blog from time to time and i own a
    similar one and i was just wondering if you get a lot of
    spam remarks? If so how do you reduce it, any plugin or
    anything you can recommend? I get so much lately it’s driving me insane so any support is very
    much appreciated.

  2. Avatar

    Hello there! This is my 1st comment here so I just wanted to give a quick
    shout out and say I really enjoy reading your articles.

    Can you suggest any other blogs/websites/forums that
    go over the same topics? Thanks a ton!

  3. Avatar

    First off I would like to say terrific blog! I had a quick question in which I’d like
    to ask if you do not mind. I was curious to find out how you center yourself and clear your mind
    before writing. I’ve had a difficult time clearing my thoughts in getting my thoughts out there.

    I do enjoy writing but it just seems like the first 10 to 15 minutes are lost just trying to figure out how to begin.
    Any suggestions or tips? Appreciate it!

  4. Avatar

    Hi there just wanted to give you a brief heads
    up and let you know a few of the pictures aren’t loading
    correctly. I’m not sure why but I think its a linking issue.
    I’ve tried it in two different web browsers and both show the same results.

  5. Avatar

    Have you ever thought about creating an ebook or guest authoring on other blogs?
    I have a blog centered on the same ideas you discuss and would love to have you share some stories/information. I know my viewers
    would enjoy your work. If you’re even remotely interested, feel free to shoot me an email.

  6. Avatar

    Good day! I know this is somewhat off topic but I was wondering if you knew where I could find a
    captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having
    trouble finding one? Thanks a lot!

  7. Avatar

    Thanks for another informative blog. Where else
    could I get that kind of info written in such a perfect way?
    I’ve a venture that I am simply now working on, and I have been at the look out for
    such info.

  8. Avatar

    Hi, I do think this is a great website. I stumbledupon it 😉 I may revisit yet again since I saved as a favorite it.
    Money and freedom is the greatest way to change,
    may you be rich and continue to guide others.

Leave A Reply