Th The Jo Journey of f CR CRE BI BI & Analy lytic ics 29 - - PowerPoint PPT Presentation

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Nov 07, 2022 576 likes •791 views

Th The Jo Journey of f CR CRE BI BI & Analy lytic ics 29 Sept, 2016 The opportunity for real estate to impact the enterprise has never been greater We regularly hear that companies need more From data and technology 3 But we

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Th The Jo Journey of f CR CRE BI BI & Analy lytic ics

29 Sept, 2016

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The opportunity for real estate to impact the enterprise has never been greater

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We regularly hear that companies need more

From data and technology

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But we operate in a somewhat complicated landscape….

4 ERP Platforms Real Estate Mobile Business Intelligence

Integrated Solutions Point Solutions Enablers

BAS / BCS SP Overlays IWMS Platforms CAD / BIM / GIS

Analytics

Energy Management Facilities Space Planning Capital & Projects

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What do we need to get there?

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A comprehensive view of what analytics is

Platform Practice Analytics Capabilities

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Spectrum of capabilities

Operational reporting Dashboards Advanced visualizations Statistical modeling and predictive analytics

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Change management and the practice around BI is often overlooked

Communication Set Expectations Intuitive Design Training & Support Accountability Usage Monitoring Continuous Improvement

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Data Management & Governance

 Getting the data right first time  Accelerating time to value  Data Governance where it adds value  Delivering a sustainable business solution

Data Governance is difficult but necessary

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What does progress look like?

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Data is raw observations

and measurements

Information adds context by defining

relationships and historical perspective

Knowledge relates information to

experience and applies science to develop hypotheses and predictions

Insight determines why, if and

when to employ knowledge to drive decisions and actions

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Seeking relationships Seeking patterns Seeking principles

Maturity View

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Service data Service data Service data Service data Market data Client Business data External data Market data Market data External data

Expiring leases, FM service & cost performance…. FM costs v market, Market rent comparisons…. FM costs adjusted for labor rates, location v skills availability… Impact of RE strategy on Business performance….

+ + + + + + Data View

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Functional View

Descriptive & Comparative Trending & Modelling Prediction & Forecasting Alerts & Monitoring Response Recommendation Proactive Response

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What can we do once we get there?

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Portfolio Opportunity Analysis

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Cross Portfolio Analytics

UNDERSTAND THE STATE OF THE PORTFOLIO What do I have? Where is it? How much does it cost me? SURFACE OPPORTUNITIES AND INSIGHTS Which sites have high cost and high vacancy? Where is the portfolio performing below average? Where is productivity and engagement low? INTEGRATED WITH RESEARCH DATA Where do I have above or below market

pportunities? Where are leases expiring in

markets that are trending towards landlord favorability?

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Benchmarking

Identified savings opportunities by benchmarking against site peer groups Regression model to score actuals vs. peers and identify large unexplained variance Addressing sites with high variances saved $17+ million in first year