What's wrong with commercial real estate?
5. Continuous Monitoring – Savvy owners are likely to start paying engineers – or more likely the systems integrators who originally integrated the building controls – to stay on with the buildings they design and continue to monitor energy use and water use vs. predicted performance. This has already been happening on a number on a number of hospital projects.
6. Industry Education – There is a vast void in the education of skilled contractors to fill this emerging opportunity. Very few training programs for staff at electrical and mechanical contractors have been adapted to accommodate current technological best practices.
7. Strategy Consultants – The good news is that there is a generation of thought leaders and technology strategists that can help developers, investors and building owners to navigate the world of technology in property and through the maze of chaos between the old traditional ways of designing and constructing buildings to a more market-differentiating and integrated approach.
If you develop, own or operate buildings, clearly now is the time to get back in the driver’s seat, or else you may end up as a bug on the windshield of progress. Rapid technological change is imminent and is surrounding us everywhere like a rising tide. If you are not prepared for this change, it has the potential to disrupt everything about your operations.
Look out the real estate window for a moment and see what’s going on around us: cloud-based software for practically any type of application, smartphones and tablets, mobile devices, mobile applications and the continuously moving yardstick of consumer expectations. The building industry simply can’t stay still forever. As they say in Silicon Valley, “Either do lunch or be lunch.” It’s your choice!
Deb Noller is CEO of Switch Automation Inc.
Slideshow photo by Barry Haynes.
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