Realcomm Features Tech Tools to Impact Bottom Line

During the conference, big data and IoT 2.0 were discussed.

SAN JOSE—The 18th annual Realcomm conference was held last week at the convention center with CRE industry pros on hand to explore the latest technology innovations impacting the industry. The Realcomm education program is designed to give building owners, developers, CIOs, CTOs, property managers, asset managers, facility managers and energy/sustainability directors the technology tools they need to positively impact the bottom line. Some of those tools include automating business processes, general technology solutions specifically for real estate organizations and smarter green intelligent building technologies.

One of the sessions discussed data analytics, i.e. big data, with moderator Robert Lieberman, GPG Advisers and speakers Phil Klokis, GSA/PBS; Ted Maulucci, Tridel Corporation and Neville Teagarden, AI Capital. These types of measurements have been contemplated for more than five years, including discussions on the high cost of implementation, the proliferation of lower cost entrants to the market, the need for data scientists, etc. However, the panel discussed the current issues surrounding big data. The top questions now are who has cracked the code to extraordinary insight; do we know if our rents are too low or if they have accelerated too fast; which of our tenants will be out of business next year; are market sectors systematically downsizing; can we even predict the next downturn in our market; and what are the extraordinary opportunities for analytics insight in commercial real estate?