Envision Technology Advisors: Going Beyond the Digital Transformation Buzzword
The workplace is changing. The mindset of today’s employees is blending the lines between work and personal environments to maximize wellbeing and being mindful about balancing their work-life. And, owing to the convenience offered by connected technologies, every organization is striving to create a digital workplace with a surefire culture of engagement.
At this juncture, Michael Ewert, global head of data and analytics solutions atJLL Technologies, believes, “Digital workplaces are not only about equipping work desks, managing resources, and aiding collaboration.” According to him, digital workplaces are moving toward connecting people with spaces they work in and their enterprise. And, to make that happen, data is the secret harpoon of success. This is where Ewert’s company, JLL Technologies, showcases its expertise through and through. Notably, JLL is a leading authority in commercial real estate (CRE) technology. The company offers mission-ready intuitive business intelligence-based (BI) products to reinforce analytics-driven decision-making processes andsupport real estate enterprises toconduct their CRE operations better.
Today, JLL’s expertise is further strengthened with significant investments in real estate technology including the successful acquisitions of BRG and ValuD,both leading providers of workplace technology solutions, along withinvesting upto $100m in JLL Spark, a Global PropTech Venture Fund. With such extended capabilities, JLL focuses on using the data produced in any client’s workspace to derive valuable insights that complement the capabilities of JLL’s BI Solutions. JLL also adopts stringent data management practices toward achieving the perfect data consistency to provide clients with consultation services, among the other extensive CRE technology services. What’s more,Ewert and his team of data experts possess a deep understanding of the operational intricacies of the real estate marketplace. This helps JLL innovate and deliver solutions that protect its clients from existing as well as predicted challenges.
To further elaborate on the company’s CRE capabilities, Ewert shares the story of a global real estate company, where its C-suite leadership team was unable to review key data points about their property portfolio in a timely manner. “The client found it difficult to obtain relevant insights about total costs and lease transaction activities among other parameters that affected fundamental business operations,” he adds. Owing to massive amounts of data entering the client’s systems from multiple vendors and tools, there were no clear pathways to connect data across the enterprise. Additionally, the existence of inconsistent data standards and models exacerbated the situation. JLL helped the client by successfully conducting a data integration project, which set uniform data standards throughout the enterprise and designed a new model to combine relevant data for optimized portfolio management. “We also developed a set of analytics tools and applications to meet the client’s end-users needs,” says Ewert.
Paying attention to such intricate details, and married with the ingenuity of real estate experience, JLL is now assuming the role of a leader in the CRE arena. Moving forward, the company intends to delve deeper into data and analytics innovation for better real estate-based decision-making processes. In first half 2020, JLL Technologies will unveil the launch of new market-leading BI services bringing together their learnings and expertise in data integration, design interface and delivering all the key business insights across all aspects of their clients’ real estate business challenges.
These continual efforts made by JLL have shown promise thus far, and the world is set to witness new applications of BI in the real estate marketplace.