June 14 and 15 marked the 2017 Realcomm/IBcon conference in San Diego, which is a joint conference bringing two like-minded topics together. Realcomm focuses on the intersection of commercial and corporate real estate technology, automation and innovation; IBcon focuses on smart, connected, high-performance intelligent buildings.
For the third year, AVUITY staff attended the exclusive technology in real estate gathering focused on industry trends such as Artificial Intelligence, Blockchain, Internet of Things (IoT), Robotic Automation, and Autonomous Vehicles. We look forward to attending the event because of the topics and powerful speakers. Opening speakers have ranged from Cade Metz, senior staff writer at WIRED magazine discussing “Transformative Innovation and the Impacts to Real Estate” to Larry Smarr, founding director of the California Institute for Telecommunications, and an early pioneer of the Internet.
This year, Larry discussed how technology is rapidly changing our everyday life, profoundly affecting the future of the real estate industry. Technologies are adapted so quickly that it’s safe to say “the future is here,” yet the real estate industry has been slow to adapt. The fragmented nature of Real Estate along with buildings being a 100-year-old hard asset slows rapid adoption.
Jim Bland, President of Tridium, stated in the conference opening remarks that the future of Smart Buildings provides a more enabled edge to the Owner, Building Manager, or Tenant. At AVUITY we are excited about these trends, and as a major player in IoT revolution we can provide that edge. For two days, leaders came together to discuss topics such as the changing work environment, Smart Buildings, and IoT which are similar conversations we’re having with our customers and are imperative to what we do at AVUITY.
One topic of discussion was the major transformation of office space–driven by technology. Individuals are more mobile and more widely accept and implement new technologies. Most recent studies show office utilization is down to 48-52%, and 60-70% of meetings in conference rooms are informal (not scheduled on a calendar). The way people use space has definitely changed, but technology can help you figure out how to best utilize the space you have. At AVUITY, we are working with clients that know they need to change their environment but are not sure how. Our workplace utilization tools gives you the power to gather and analyze data, helping you turn that data into positive change for your office, which raises your rate of workplace utilization.
On average, less than 50% of office spaces are utilized, costing organizations on average $10,000 annually for each desk. Meetings are often unplanned, and 20% of rooms booked are not in use. Through the Internet of Things (IoT), businesses can improve building efficiency, space utilization, and workplace productivity by fully connecting people and the spaces in which they work, live, play, and shop. Our VuSensor can be placed in a conference room or over a desk configuration to determine the number of individuals in a defined space or a location of that individual. This information can be integrated with Office 365 to unbook rooms, with HVAC systems to reduce energy consumption, or integrate with digital signage for wayfinding.
Space utilization is a very broad topic, covering everything from office layout to security concerns, and many of these details were covered at the conference. Since a better understanding of workplace utilization can increase employee satisfaction by 15%, it’s a subject that employers should find very important.
With increasing desk ratios and the rise of impromptu meetings, it can be difficult for employees to find the spaces they need to do their jobs along with employers to know how much space they need. Conference goers discussed that up to this point, everyone has been looking for overall occupancy numbers, but now organizations want more granular information.
Employers have used a number of technologies to understand their employees’ movements in the workplace in order to gain a better understanding of worker habits, but it’s rare for one technology to be able to completely deliver all of the needed information. AVUITY’s VuSensor has this capability to show how employees are using space, while also increasing the employee experience .
AVUITY was thrilled to be a part of this event, and even more pleased to discover that the services we’ve worked hard to develop for our clients are at the cutting edge of real estate technology. If you have the opportunity, we recommend that you attend.