How the future of portfolio management is growing smarter and more connected – Featuring research from Verdantix studies
Since 2007, we’ve witnessed Apple release a new iPhone and IOS upgrades each year, with innovation and “the future” being cornerstones to their work. Forward thinking, the next big thing, something that elevates or changes the game.
Professionals in the commercial real estate and building management industry are on the cusp of one of these shifts. The next step in real property technologies? CPIP, the abbreviation for Connected Portfolio Intelligence Platform coined by the research firm Verdantix.
These platforms are a marriage of the data pools collected from IoT solutions, with the workflow and data aggregation of IWMS. This evolution results in enterprise wide integrations of software that develop workflows while handling advanced data analytics and leveraging automation for seamless integration with smart building solutions.
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Let’s break down what this means for the future of real property & workplace tech.
Roadmap to a Smarter Future
We all saw the uproar that AI caused when it caught the eye of the public. Amongst clickbait titles and headlines, automation and smart technology is a core innovation on the horizon; the need to get smarter, faster, and more efficient.
This is increasingly apparent in areas that make use of data analytics and data collection. IWMS and IoT technologies both stand to benefit from the upgrades mentioned previously. Verdantix 2022 buyers guide to smart buildings & IoT platforms describes IoT platforms as tools that integrate data from sources and use analytics to deliver actionable insights while automating and optimizing system performance.
On the other hand, IWMS like Archibus aggregate portfolio, asset and space data into a central console rather than spread across several tools and solutions for more efficient decision-making.
The synergy potential for these tools is exciting, cited as the “next era of integrated workplace management systems” by Joy Trinquet of Verdantix. Integrated and innovative IoT automation, with IWMS actionable workflows, CPIPs offer all real-time operational data in one place, under one tool.
CPIP Laying The Groundwork for Smart buildings
We’re re-evaluating our relationship with commercial real estate, and it seems every aspect of it is under some sort of microscope. Downsizing portfolios due to lower utilization, guaranteeing sustainable systems and facilities, revisiting the use of physical space. Each comes with its own pool of data and workflows in real property.
Currently smart building solutions feature an IoT stack across multiple layers, with sensors, connectivity devices, and data/analytics tools creating an end-to-end system. (Verdantix 2022 Buyers guide to IoT platforms & Smart Buildings)
The more information available across a building portfolio, the more opportunity for optimization and efficiency upgrades. In this end-to-end system lies the power of smart buildings, connecting systems for insights that optimize and improve ROI on operations.
Smart buildings can track utilization of facilities or assets like lighting and combine them with sensor data from desks and booking tools to know when to power down lighting to save energy.
These automated efficiency upgrades can greatly improve portfolio and asset operations, meaning the people who manage the building can spend more time working on upgrades and workflows once CPIPs are added into the mix.
CPIP & Advantages to Connectivity
With IoT networks and tech stacks making up smart buildings, the differentiation CPIP addresses all in one data sharing across systems, which has been a pain point in real property and workplace management for some time.
Organizations deploying several point solutions to solve 1 specific area each, and then having to aggregate the information into excel sheets and other platforms is inefficient, time consuming, and not as supportive when it comes to process innovation.
Combining more fine data from IoT systems with portfolio data, CPIPs will allow for portfolio managers to take advantage of data from specific areas. Sustainability and emissions are one area that rely heavily on data for benchmarking and could stand to benefit immensely from CPIPs. Actioning this granular data with either automated analytics or reporting capabilities, upgrades and work can be done on assets to improve operations.
“CPIPs will allow users to leverage granular data sets managed by IoT or specialized platforms such as energy management. Combining these will grant new insights and smarter workflows” –Strategic Focus: What the Evolution of IWMS to CPIP means for Real Estate Executives, Verdantix 2022
One platform also means onboarding new employees and collaborating with a larger team is more efficient and accessible for organizations looking to keep management in-house.
Training services for these solutions is one way to add value to the investment. By using trained experts to highlight best practices, tips and use cases.
Horizant offers training services on modules and tools to client project teams to bolster their application of Archibus.
Who is this for?
CPIP technology will naturally integrate where IWMS and IoT tech stacks and platforms have been operating, bringing together both capabilities under one roof. Organizations and portfolio managers that want more efficient solutions that offer deeper insights and automated analytics will be early adopters of CPIP technology.
Facilities and property managers that find themselves wrestling with several tools and solutions just to get the data on their systems should be considering the move to CPIP. The aggregation of data and tools under one central solution is going to remove roadblocks and inefficient processes from management and innovation.
Our 2 Cents
As a leader in the IWMS industry, we’ve already had experience helping integrate Archibus solutions into CPIP platforms with clients. We see CPIP as the next step in portfolio innovation and workplace management. Data is king in business and the workplace, and platforms that support this are going to be the steppingstones to higher efficiency and better performance.
We’re seeing early adopters of CPIP leverage this approach in their real property strategy to make long-term and short-term adjustments based on the data they have accrued. How can top to bottom intelligence platforms contribute to your goals? Our team can plot the course for you: https://horizantsolutions.com/contact/