What Tenants Really Want From Tenant Engagement Apps and Why It Matters to Real Estate Owners

Tenant engagement has recently taken the commercial real estate industry by storm, grabbing headlines, deploying customer pilots, and raising large amounts of capital to bring the tenant-landlord relationship to the 21st century. They seem to have caught on first with office buildings, places where tenants demand a lot of their surroundings and have had the least amount of control over historically. The story behind tenant engagement technology is quite inspirational: giving a way for tenants to communicate with their landlords, […]

Sensative take: adding new technologies should not be regarded as adding new features. New technologies can and will change your whole business, how your customers will perceive you and your product (building), and what they will be willing to pay for. It is about what your vision is as a company, not just developing new apps.

How IoT Is Taking Over the HVAC Industry

The HVAC industry has always been searching for a way to be more proactive. Failure in equipment, even the smallest component, can really hurt a building’s profitability so preventing problems is one of the most important jobs for any facilities manager. But, it seems like only recently has the industry turning the corner and becoming more predictive in remediating failing assets. Couple this with the fact that many HVAC contractors are adapting their services to provide a seamless customer experience […]

Sensative take: IoT means efficiency and cost reductions, both overall and in specific systems like HVAC equipment.

“Besides efficiency, there are plenty of marketing benefits for an IoT enabled building. In 2016, a survey was conducted by Wakefield Research that showed 86% of Millennials said that they would pay extra for properties set up with smart technologies. One of the big reasons for that is energy efficiency and environmental concerns. Smart devices, IoT, smart thermostats are not just providing savings for tenants, but also improving the overall eco-friendliness of multi-family facilities and also increasing tenant satisfaction.”

Creating a “Data Economy” in the Property Industry | Propmodo

Buildings themselves will start to become massive data creators, just like your computer or router. Starting from construction to demolition, buildings continuously create data. There are sensors that can monitor concrete (yes concrete) strength, temperature, and relative humidity. There are sensors available that can cost effectively measure heat, air quality, traffic, occupancy, you name it. This comes at a cost but it can answer important nagging questions for every building such as “which stairs and elevators are used most?” Or, “which pumps get overheated during peak times?”

Sensative take: The data economy is happening. Slowly and step by step. First, it’s the low hanging use cases like optimizing, automation and reducing cost. Then comes the innovations that exploit the value of the data in new services and business models that will transform the world as we know it. When should you jump on the train? Because it will soon leave the station.

PropTech 2020 the future of real estate

This report is the successor of the 2017 report PropTech 3.0: the Future of Real Estate, by The Oxford Future of Real Estate Initiative at the Saïd Business School.

The report is almost like a whitepaper about our platform Yggio. Some highly interesting quotes:

p53:

“However, smart city solutions are plagued by a lack of digital infrastructure and a severe absence of sufficient national and regional government funding, at least in the US and UK. This poses a large question: do we want to out-source the development of city governance structures to tech providers (such as Google subsidiary Sidewalk Labs in Toronto’s eastern waterfront) or other major corporations?” 
Sensative says NO, we are already supplying the alternative.

p61:

“The importance of data has been stressed throughout this report, in particular with regards to improved analytics using machine learning models and the resulting disruptive business models. Any true disruption to the commercial real estate industry will only come once there is the availability of standardized, accurate, real-time, digital data and whoever is the first to reach critical mass will hold a very powerful market position.”

... enabled by Sensative…

Why The IoT Will Save Our Natural Resources

The transition to intelligent information systems will be crucial as global environmental challenges accelerate. Deploying IoT solutions with LoRa-based sensors, together with edge network analytics, makes it possible to install intelligent sensor systems without requiring labor-intensive sensor battery replacements.

In general, deploying an IoT solution is usually complex. Currently, there are limited end-to-end solutions that are available as “out-of-the-box” solutions. Systems integrators are the proper companies to turn to for providing such end-to-end solutions and making sure the relevant back-end IT systems are integrated such that existing processes will benefit from the new IoT data captured from sensors.

Sensative take:

LoRaWAN is an extremely important IoT technology and it grows rapidly. But it will never be the only transport technology for data from “things” to services. There are all the G’s (2-3-4-5G), close-range IoT like Bluetooth, WiFi, Z-Wave, ZigBee. There are mesh technologies. And there are LoRa competitors like Sigfox and NB-IoT.

No one technology will replace the others, all available technologies will have their optimal use cases. The important thing is the data they generate and transport, that the data can be integrated into useful services, that can optimize and change the way we use resources.

That is why our Yggio IoT integration platform is so important.

How to Get Started With a Smart Building Technology Strategy | Propmodo

Smart building technology seems inevitable. More and more the idea of having a connected, intelligent building has been gaining attention from owners who seek to drive greater asset value, respond to expectations from tenants, and address a general desire to optimize and automate manual processes.  The benefits are pretty obvious. Smart buildings can have improved financial performance while also differentiating the assets.

But, it has become clear that not all real estate firms are making progress and adopting smart building technology at the pace you would expect. The reason is that many are unsure of where to start and how to establish a strategy to deploy these modern technologies.  […]

At Sensative we couldn’t agree more with this article and it’s conclusions. Smart Buildings represents a big change in how you manage a property. It will also change how you build your business.

Our platforms and tech are all designed in accordance with our philosophy: “Think Big, Start Small, Scale Fast”. This enables a real estate owner to start with a pilot, for instance, measure something specific in all properties, like the temperature. Or, on the other hand, test a lot of new services and technologies in a specific building.

What the first step should be is highly dependant on the owner and the portfolio. How to recommission? How to add new IoT, instead of replacing legacy and maybe aging systems? What are my operational pain-points?

This makes our offering so appetizing. Whatever the starting point for going into Smart Buildings, and vision where it will take you, our solutions provide the necessary flexibility for a successful digitalization.

Microsoft Wants Its Azure Platform to Become “the” IoT Cloud

…there is an obvious need for one company to step up and become the unified infrastructure on which built world IoT can connect and integrate. Microsoft thinks they can be that company…

Sensative’s view:

Is this really what the world and the society want? Having all your data managed and controlled by a monopoly company? What will that mean for competition, innovation, cost, and security? Microsoft is an American company under US jurisdiction and bound by the Cloud Act.

This is very much the same problem as the Google Sidewalk Labs project in Toronto. The citizens of Toronto are not to keen on letting Google own their IoT data too.

The way forward is Open Source and open standards, not a monopoly. That is why FIWARE is so essential.

FIWARE Marketplace

The FIWARE Marketplace showcases the best solutions and services based on FIWARE. Do you want your solution to be featured?

Sensative’s IoT platform has just been officially approved as a Powered by FIWARE-platform.

“FIWARE Platform Service Providers offer FIWARE as a Service on private and public clouds in which they are operating. Also, Platform Service Providers can deploy FIWARE platform instances on-premises for their customers. Anyone can create a FIWARE instance on their own and on their premises. But it is also possible to choose a company that offers FIWARE platform services.” – like Yggio with all the added functionality.

Yggio is now published on the Fiware Marketplace in the platform section.

The World’s Smartest Cities and the Applications That Got Them There

While the Internet of Things has permeated many aspects of our daily lives and created a torrent of useful data, when implemented on a city-wide level, that’s where things get interesting for real estate. For the property industry, the biggest opportunities within the smart city revolution lie with smart buildings, which have the potential to improve efficiency levels by 15%–20% in the first year. Connected, smart buildings can reduce energy use, lower operating costs, prompt preventative maintenance and provide more […]

Sensatives take: Everyone starts somewhere. Usually, you start with a proof-of-concept vertical solution solving a specific need. The important thing is to avoid creating a silo where everything is locked-in. The real benefits come when you can re-use data and investments in hardware, communication, and platforms. When the new innovative services can operate across organizations and departments, and when those services generate real value to the citizens.

That’s when you start creating the real smart city.

5 Ways Multifamily Design Will Have to Change

Developers putting shovels in the ground today will need to anticipate what renters want a couple of years from now, notes Rick Haughey of the National Multifamily Housing Council.

Smart apartments in smart buildings are the way forward to meet the modern tenant expectation.