The year was 1883.
Warren was a school teacher in Wisconsin who faced the same
annoying issues we’ve all faced - his room temperature was
erratic; often getting chilly. Of course, he didn’t have the
luxury of a thermostat back then - instead, every time he wanted
to increase the temperature, he had to walk down to the basement
where janitors shoveled coal into the furnace for heat
Now, Warren was a smart inventor - he wouldn’t have any of it; so
he invented a device that would activate a light in the boiler
room whenever his room temperature fell below a preset threshold -
that was the first automation in buildings.
In the next century, many path-breaking innovations would follow in
buildings management,
from smart sensors to remote operations to data-driven
platforms;
What about Warren? He would go on to found a company that focussed on
building automation - Johnson Controls, the Fortune 500 giant that is
a household name for facilities today.
That’s the beauty of innovations - once kindled, the spirit just keeps
evolving.
And lucky for us, we're treading an exciting phase in the real estate
industry today - with technology unlocking value at every step of the
real estate value chain.
"We are surrounded by data, but starved for insights."
- Jay Baer
As you prepare for the year and envision the next decade, we've
curated 6 brilliant pieces to help you steer through the next cycle of
tech-driven innovation. Dive right in!
GOOD READS
State of CRE operations 3.0 - A report on CRE trends for 2020 and
beyond
- A global benchmarking study by Facilio that uncovers gaps, trends,
and priorities in real estate operations.
Big Data: The future of commercial real estate - This article throws light on the different types of data available
to CRE owners and its impact on operational efficiency going forward.
MARKET TRENDS
TECH CAPSULE:
CW:
“The time has come to take buildings to the next level” - Vimal Kapur,
CEO HoneyWell Building Technologies
Forbes: How will Artificial Intelligence change the CRE industry?
