Notes

Smart Buildings - Technology Is Impacting Every Aspect of Real Estate Operations
It is essential to reflect on the big trends that are currently formulating in the industry real estate industry.

Now as part of your, technology, automation and innovation are impacting Every part of real estate operations, whatever type: commercial, corporate, government or institutional. We have known for years that almost every business process in a real estate company ranging from the receptionist's duties to the CEO's responsibilities could be positively influenced by automation. An extreme example of 'receptionist automation' may be the keeping a virtual concierge in the lobby of an excellent smart building model, Tridel Condominium project in Toronto.

For reasons uknown, this phenomenon has been accelerating. Some say that it is just the natural adoption curve and that the commercial real estate industry is finally reaching a maturity level with respect to technology, automation and innovation. Others have speculated that it had been the explosion of mobile devices like the iPad/iPhone and the cloud which were the ignition point because of this increased awareness of smart buildings and rush to adoption.

sdit is safe to assume that people could take the leading property ERP vendors and combine them with sophisticated smart building community companies and create the most ENERGY and OPERATIONALLY efficient, TENANT FRIENDLY and intensely PROFITABLE 'Star Trekesque' smart buildings which would automatically reorder a lamp 30 minutes before it was expected to burn up. The bottom line: we have most if not all the technology we need to transform our industry into a true digital, paperless, zero energy, smart, intelligent, connected, integrated, real-time, hyper-effective, tenant friendly, 21st century model.

At this point... IT IS ALL ABOUT INDIVIDUALS. Assuming we've the technology to make any and every process within our industry better, what is the main aspect of this fast forward movement into this new smart building model? What we must focus on will be the those who have been doing their jobs for twenty years the same way, and the organizations stuck in the same organizational structures going back 20 years. It's time to realize that the way we've been doing things going back 20 years must change.

We should educate EVERYONE that works inside a real estate company in regards to what is possible with technology, automation and innovation, help reserve fears of the unknown, break down organizational roadblocks and speak to our counterparts in other departments, look for global best practices, take risks, imagine the impossible, and in some cases, absolutely forget how exactly we have been doing things for the last 20 years. Imagine what goes through a maintenance person's mind once you tell them that each light bulb found in smart buildings down the road will be an LED that lasts 15 years and that it will have a wireless chip embedded in it that will communicate with the smart building network. As well as the maintenance person, what does the COO and everyone else in the building operations organizational structure do with this information?

Executives representing the majority of the major business functions inside this global property giant are participating groundbreaking conversations to handle points regarding the smart building technology adoption. Discussion points include wearing down departmental barriers, developing a unified vision and accelerating the adoption of transformative smart building projects that take full advantage of technology, automation and innovation.

Jim Young may be the co-founder and CEO of Realcomm, the commercial property leader in technology, automated business solutions and intelligent buildings. For more info rmation on commercial building automation and efficiency, please head to http://www.realcomm.com.
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