PROPTECH & SMART BUILDINGS
Message from Re-Cities Co-Founder
July 11, 2019
Via Propel by MIPIM on Twitter
Proptech is a powerful enabler to monitor, measure, analyse and improve the performance of our built environment."@cha_chungha of Re-Imagining Cities Foundation guides us through the importance of data for #proptech & smart cities.
2019 Global Status Report for Buildings and Construction
The report underlines that dramatic improvements in the way the world's buildings are built, designed and operated are urgently needed if the vast, globally significant building and construction sector is to play its part in meeting international goals under the Paris Agreement. It shows that CO2 emissions from the world's buildings and their construction remain stubbornly at around 39 percent of total carbon dioxide emissions.
The report also underlines several worrying trends - overwhelming the many positive ones also featured - that governments need to address now to get on track to meet targets by 2030 and beyond. Indeed, without action, energy demands for this sector could rise by 50 percent by 2060. Our 2019 Global Status Report for Buildings and Construction underlines that we're not on track. Without serious and sustained action these rising energy demands from this vital sector mean we cannot achieve the urgently needed climate transition or the sustainable development goals.
How to Implement a Smart Building
November 11, 2019
By Johannes Nussbaum
The discussion about whether smart buildings are a fad or a necessity for the future of real estate should come to an end. Instead, professionals should be realizing the advantages a smart building can provide for people and the planet.
Successful case studies of the implementation and optimization of smart building solutions heavily focus on outstanding user experience.
Ikea goes all in on smart home tech
August 17, 2019
By Thomas Ricker
Ikea is formalizing what has recently become all too obvious: the company is making a major bet on smart home tech as a source of new revenue. To do this, Ikea announced that it will invest heavily in a new “Ikea Home smart” business unit with end-to-end responsibility for its burgeoning portfolio of smart devices. With access to 780 million shoppers who visit Ikea stores each year, the announcement also serves as a wake-up call to smart home incumbents like Google and Amazon.
Darren Bechtel announces $100m venture capital fund for construction tech
August 16, 2019
By GCR Staff
A venture capital firm led by Darren Bechtel, brother of Bechtel chairman Brendan, has launched a $97m fund to offer seed funding to construction-technology start-ups.
Brick & Mortar describes its mission as to “identify, invest in, and grow emerging companies developing innovative software and hardware solutions for the industries of architecture, engineering, construction, and facilities management”.
3 Biggest Disruptors in the Construction Industry of the Future
August 16, 2019
By Amy Wunderlin
The winners and losers of next-generation construction will be defined by how well they adapt to several emerging trends.
What does the future of the construction industry look like? Significant disruption is almost certain, but so too is opportunity, says Brian Moore of FMI Corporation during a recent webinar hosted by the American Concrete Institute (ACI).
Moore points to three trends in particular that will either make or break your construction firm over the next decade: the ongoing labor shortage, growth of megaprojects and the implementation of technology.
Pavegen creates high engagement with citizens by converting their footsteps into energy, data and rewards. They do this for smart cities and transport hubs, retailers, brands and educators. Pavegen is a data-rich platform that also provides people with the chance to interact physically with sustainability.
The 'phygital' mall: CapitaLand explains why Funan represents the future of shopping
January 01, 2020
By Shawn Lim
The newly reopened Funan mall is unlike any other shopping mall in Singapore, which embraces omnichannel through click-and-collect services, relies heavily on technology and even operates an urban farm. The Drum speaks to the various stakeholders involved in the project and retail experts to find out if the Funan model is the future of shopping malls.
A day at Funan could look like this – As you drive to your office, which is in the WeWork co-working space in Funan, you take out your phone and book your car park slot ahead of time. Driving into the mall, you are guided to your allocated lot by the video-based smart car parking facility.
Before entering Funan’s twin office blocks to head up to the WeWork, you go through a facial recognition turnstile.
Seeking an Edge, Developers and Investors Turn to ‘Proptech’
May 07, 2019
By Lisa Prevost
“Proptech” is a hot buzzword in commercial real estate, as developers and investors seek an edge in buying, selling and managing their properties.
The swelling market has attracted venture capitalists, who invested a record $12 billion in proptech start-ups globally in 2017, according to a report from RE:Tech, a tech research marketing agency.
What Global Banks Look For to Invest in PropTech
May 06, 2019
By Betsy Kim
In New York City's 2018 year-end report, CRETech stated $9.6 billion was invested in the commercial real estate tech sector that year. One session at the annual Catalyst event, organized by Honest Buildings and Convene, looked into why the largest global banks are investing in proptech.
Space management & efficiency and its impacts on users and cities
May 03, 2019
By Isobel Lee
PropTech has a key role to play in the evolving space management landscape. Space management software from Boston-based Archibus helps companies consolidate space across property portfolios, transform under-used shared space and forecast needs with scenario planning.
Meanwhile, the recent MIPIM Start-Up Competition, held in Cannes in March, was won by a piece of space management tech called Spaceti, which monitors the relationship between buildings and users, to make smart suggestions for an improved use of space.
Proptech 3.0 - Innovation Trends to expect in 2019
By FUTURE PROPTECH blog
US $20 million was invested into real estate technology (PropTech) startups in 2008, 10 years later in 2018, this number reached to a whopping US $4 billion.
PropTech was barely a topic of discussion a few years back. However, due to digitisation efforts in various industries, the real estate market also attracted its own share of technology incumbencies. Forbes refers to PropTech as “businesses using technology to disrupt and improve the way we buy, rent, sell, design, construct and manage residential and commercial property”. In this specific article, we will focus on trends which may attract future investments in PropTech 3.0’s ecosystem; specific to the commercial real estate sector (estimated market size of $32 Trillion).
MIPIM Startup Competition
Pitch your concept that tackles the real estate sector!
For the fifth year, the MIPIM Startup Competition, in partnership with global real estate tech partner MetaProp NYC, will reveal the most promising and innovative startups that tackle the biggest urban challenges around the world.
The MIPIM Startup Competition 2020 edition will stop by 3 cities: Paris during MIPIM PropTech Europe (1-2 July 2019), New York during MIPIM PropTech New York (12-13 November 2019) and Hong Kong during MIPIM Asia (25 to 27 November 2019) major international hubs for PropTech, where the selected startups will pitch their ideas and business models to move the real estate ecosystem forward.
WeWork reinforces partnerships with local governments
April 09, 2019
By Kim Young-won
Coworking space firm WeWork said on April 9 that one of its locations in Seoul will be utilized as a venue to foster fintech startups in Seoul.
The fintech laboratory, the second of its kind to be operated by Seoul Metropolitan Government from July, will be located in the coworking firm’s office in Yeouido, a financial district that is home to 32 percent of all financial institutions, 40 percent of investment advisors, and 26 percent of domestic life insurance companies in the nation.
Top 10 in PropTech: Current Trends in Real Estate Technology
October 04, 2018
By SICOS Publication
PropTech can be defined as an amalgamation of real estate and technology. It constitutes a range of businesses that are as sundry and extensive as the real estate industry itself. Anywhere that technology is innovating how property is occupied, managed and transacted, from leasing and property management to co-working to investing can be captured under the name of PropTech.
Following are the top trends in PropTech that provide an overview of the industry and highlights the projects that can be the prospective game changers for the real estate industry. We provide some handpicked examples for innovative companies that are working on innovative new ideas at the intersection of real estate and technology.
MIPIM: 8 of the best innovations from the exhibition floor
March 13, 2019
By Paul Unger
A selection of the best uses of tech to be found at MIPIM this year:
Schindler's digital stands of information, and Halio a company that produces dynamic windows that tint according to the light conditions or when the building manager decides, to name a few innovative ideas.
Your office is about to get cooler. Here’s why
March 07, 2019
By Bryan Borzykowski
To keep up with splashy start-ups and co-working spaces, corporate landlords are using ‘proptech’ to give Canada’s old workplaces a modern makeover.
...Just like financial technology (i.e., fintech) has disrupted the financial sector, proptech, a nascent but rapidly growing industry, is starting to change the way people think about and interact with real estate, whether that means urban skyscrapers or suburban single-family homes. Enterprising entrepreneurs are building tools to help renters find space faster, collecting data to help companies know where to rent, and trying to cut out real estate agents altogether.
#StartupLife3: This Is How PropTech Founders Took The Leap Into Startup Life!
March 07, 2019
By Angelica Krystle Donati
How do you know if you are sitting on a unicorn or are about to throw away the next few years of your life on a pipe dream? The truth is, you never REALLY know until you give it your best shot; but taking the plunge and committing to be a startup founder can be the most daunting step of the whole process. In this third article of my #StartupLife series, the author of the article selected 12 of their favorite answers to this question: how did you decide to take the leap from what you were doing before, to being a PropTech startup founder? Some are more emotive, others more factual… but it is clear that all of these founders had very strong (if different) reasons to commit to their dream!
AgFunder: Investor of Agri-Food Tech Companies
Since launching in 2014, AgFunder has become the world’s largest food and agriculture technology investment platform with over 50,000 members and subscribers. We combine venture capital investing with a global technology platform to allow investors everywhere to co-invest with us and other VCs through our co-investment funds or on a deal-by-deal basis.
AgFunder publishes periodic research on trends shaping the future of food and agriculture, as well as provide daily coverage through AgFunderNews. Read their widely-cited reports for information on fundings, investors and sector trends.
PlaceTech partners with MIPIM PropTech
February 19, 2019
Reed MIDEM, the organisation behind international property events including MIPIM and MAPIC, has selected PlaceTech as global content partner for this year’s MIPIM PropTech Europe, MIPIM PropTech NYC and MIPIM PropTech Asia events.
PlaceTech will collaborate with Reed MIDEM on shaping the content and focus of the events. PlaceTech editor Paul Unger will also be working with the property and tech communities to produce regular market intelligence and insight for MIPIM PropTech. From March, Paul will cover key challenges and opportunities emerging in different sectors and “matching user expectations”, the theme for the upcoming MIPIM PropTech Europe event.
Bluetooth to Badge Scanning: A Review of the Latest Sensor Tech for Understanding Building Behavior
August 24, 2018
By Joe Aamidor
One of the first steps to optimizing space, operational systems, and improving productivity is deploying sensors that collect real-time data. These sensors continuously monitor conditions, occupancy and other key indoor characteristics in real time. By compiling a data-driven view of how a space is used, it is possible to make appreciable improvements. Moreover, indoor sensing enables a variety of other value propositions in modern office space, such as HVAC optimization.
5 Perspectives for Digital Transformation to Look for in 2019
February 15, 2019
By Isobel Lee
It’s been a heady 12 months for the PropTech industry, with 2018 likely to go on record as the year when real estate’s digital transformation truly took hold.
While the importance of tech for the real estate industry has been a growing theme over the past decade, driven in part by the green building revolution, the new PropTech wave encompasses every part of the property business.
KPMG launches framework to help businesses gain greater confidence in their AI technologies
February 13, 2019
By Jennifer Samuel
As artificial intelligence (AI) technologies accelerate business transformation, with more decisions shaped by machine-learning (ML) algorithms, responsible use of these powerful tools is paramount. Moreover, appropriate governance must be in place to achieve desired outcomes.
To help organizations manage and evolve AI responsibly, KPMG has introduced AI In Control, a framework supported by a set of methods, tools, and assessments to help organizations realize value from AI technologies while achieving imperative objectives like algorithm integrity, explainability, fairness and agility.
PropTech in Korea
February 14, 2019
By Tsatsral Baatar, PropTech Research Manager at ReImagining Cities Foundation
2018 was an epic year for Proptech as it has become a global phenomenon with investment in the sector skyrocketing from a mere US$186 million in 2011 to over US$12 billion in 2017.
Global leaders in real estate are rapidly adopting technology to manage their real estate assets better. Enhancing the end user experience becomes the new mantra of how to stay competitive while driving down operational costs and maximizing profits.
Following these global trends, Korea marks its presence in the market by stepping into the game with several Proptech initiatives.
Multi-Family Tech Trends Shaping the Future
January 23, 2019
By CRETech Blog
Digital is infiltrating every aspect of the sector. And while tech has been on the industry’s mind for years, decades, in fact, Andrew Ackerman, Managing Director at DreamIt, feels “the biggest trend is probably the change in mindset: No one is skeptical of tech’s potential to change their business anymore. Pretty much everyone accepts that it is no longer a question of ‘if’ but rather the questions are now ‘what’ and ‘when.’”
PropTech adoption is disrupting the real estate sector
January 22, 2019
By Tim Sandle
The report from the Canadian firm Altus, who provide software, data solutions and advisory services to the global commercial real estate firms, gives an overview of the main technology trends impacting the global real estate sector. Notably the report charts an increased take-up of property technology (“PropTech”) and a growth with disintermediating technologies. The report also pinpoints a development whereby greater numbers of commercial real estate companies are investing directly in PropTech companies and startups.
The new report is titled "The Innovation Opportunity in Commercial Real Estate: A Shift in PropTech Adoption and Investment", and it parallels the digital transformation processes occurring in other sectors of the economy. The report is based on a global survey of 400 property owners with assets under management of at least $250 million. The survey provides an outlook on technology trends impacting across the sector.
Seven ways AI will impact future workplaces
December 22, 2018
By Peter Andrew
This article is condensed from ‘Nine Ways Artificial Intelligence Is Changing How and Where We Work’ by Peter Andrew, Senior Director, Advisory and Transaction Services, Occupier, CBRE. It was originally published in Corporate Real Estate Journal (Vol 8, No 1) in September 2018.
... AI is both a cause of the problem and a potential part of the solution. As a cause, AI is resetting how we think about human labour. At this point in time, very few people really know how AI will impact organisations or how quickly it will replace, modify or destroy jobs. Business leaders are confronted with the challenge of unpredictable future headcounts and traditional rules of thumb for forecasting labour needs are no longer valid.
As AI platforms become more sophisticated, they will eventually start managing workflows and job creation in organisations (they are already doing that in some leading organisations). Ultimately, these platforms will be better equipped than humans to understand headcount volatility and predict long-term trends, allowing for smarter real estate strategies. AI will not stop unpredictability, but will help us understand and manage it better.
Moscow launches 'living lab' district to test tech with citizens
December 14, 2018
By Sarah Wray
The City of Moscow is launching a smart district that will serve as a ‘living lab’ for piloting smart technologies in the city. The project is being implemented in the Maryino district, which has around 8,000 citizens.
The aim is to evaluate how technologies will impact residents’ day-to-day lives and see which technologies citizens use the most.
The Technology that could End Traffic Jams
December 12, 2018
By Francesca Baker
In 2015 there were an estimated 1.3 billion motor vehicles on the world’s roads and with growing affluence in developing economies that number is expected to soar to over 2 billion by 2040. Even with new roads and bypasses, this ever increasing level of traffic could quickly outstrip the ability of our road networks to cope in many busy areas, such as cities.
But by combining new communications technology with the power of artificial intelligence (AI) to crunch vast amounts of data in real time it may be possible to ease our clogged roads so they can cope with the growing number of cars.
The 5 Basic Things you Need To Know About ConTech
November 24, 2018
By Angelica Krystle Donati
There are plenty of definitions of the term out there. Some of these are broad, others narrow it down to just the actual construction process. In reality, there is a lot of overlap between construction and management (as we will discuss) and it is impossible to consider ConTech siloed away from the rest of technological innovation in the built environment. I like to define ConTech as the technology used to innovate the way we plan, design, and build structures, as well as the manufacture and installation of their components.
AI video analytics has crossed the Rubicon
November 12, 2018
By Allan McHale
AI video analytic solutions are driven by “deep learning and “machine learning” algorithms and at this time operated through new GPU semiconductor architecture. The reason for this is the computer chip manufacturers have now found that new architectures can deliver a much better performance for AI chip applications. This initiative has come from relatively smaller chip manufacturers that are now developing AI chips and analytic software products.
The venture capital business is now pouring billions of dollars into financing these companies. We have identified 128 companies across the world that are now in some way helping (hardware and software) to deliver AI Video Analytic solutions.
PropTech Insights from Korea
November 05, 2018
By Tsatsral Baatar, PropTech Research Manager at ReImagining Cities Foundation
Korean Proptech market is still in its infant stage. Just a couple of years ago, the term “Proptech” was barely known in Korea. But as global real estate and technology trends demonstrate that technology adoption is picking up steam, Korean companies, large and small, are becoming more interested in this fragmented emerging market.
... Korea’s large conglomerates like Samsung, LG, Hyundai, SK Telecom have core competencies in technology innovation, 5G connectivity, robotics coupled with large business operations in Asia. We can soon expect that these large conglomerates, together with their ecosystem of SME technology partners will place “Proptech” on their radar screens.
2018 Global Real Estate Report
Prepared by Mike DelPrete
This report looks at the top real estate portals from around the world. The work is evidence-based, so naturally focuses on portals where data is available (typically public companies). Looking at the best in the world gives a clear window into best practices, emerging trends, growth strategies, and common insights and challenges.
Tech Cities Report
By Cushman & Wakefield
Tech is ubiquitous. It has become a part of our daily life at work and at home.
In 2000, at the height of the “dot-com” boom, the top company in market capitalization globally was General Electric. The Financial Times reported that three of the top 10 largest companies in the world were from the technology sector: Cisco Systems, Microsoft and Intel.
As of the second quarter of 2018 seven of the top 10 were tech companies led by Apple, Amazon, Alphabet, Microsoft and Facebook. The NASDAQ Stock Price Index—which is a good proxy of how investors view the tech sector—reached a then record high of 5,048 in March 2000. In late August 2018 it topped 8,000 for the first time.
The tech sector has become a primary driver of economic growth in North America. As such, it is now more important than ever to the commercial real estate (CRE) sector.
2019 Commercial Real Estate Outlook
By Deloitte Center for Financial Services
In Deloitte's endeavor to help CRE companies understand the new rules of the road, their 2019 Commercial Real Estate Outlook dives deeper into the preferences of CRE investors. Their survey of 500 global investors, provides insights on factors that are influencing CRE investment decisions, and are revealed the following key themes:
1. A large proportion of respondents plan to increase their capital commitment to CRE, with the United States, Germany, and Canada leading the way.
2. Nontraditional assets such as mixed-use properties and new business models such as properties with flexible leases and spaces are expected to attract an increased allocation of investment dollars.
3. Many surveyed investors expect to prioritize their investments in existing and potential investee companies that respond rapidly to changes in business models and adopt a variety of technologies to make buildings future ready.
4. Survey respondents see a significant impact from technology advancements on legacy properties in fewer than three years.
What are the companies with new business models doing differently? These companies, which can be considered change agents, are typically retaining the core ethos of the real estate business—the importance of location—while changing the mind-set about how the physical space is consumed. Powered by technology, their value proposition lies in augmenting the user experience.
KPMG Global Proptech Survey 2018
The Road to Opportunity: An Annual Review of the Real Estate Industry’s journey into the Digital Age
“It is not the strongest of the species that survives, nor the most intelligent. It is the one most adaptable to change.” - Charles Darwin
A year on from KPMG International’s first PropTech survey, it is evident that the real estate industry has made a start on the road to realizing the opportunities that technology and innovation can bring. But there is still some way to go. The key theme KPMG professionals have noticed in conversations with clients over the course of this year is a realization that it’s not just about technology.
The discussion has evolved to include customer, innovation and collaboration. Although a positive step, this also brings new challenges. Having acknowledged the importance and potential of technology, organizations are now grappling with what these “new” terms mean for them.
PropTech remains a key topic of conversation in the industry and high on the agenda for many executives, but KPMG member firms continue to see more talk than action. Although many acknowledge its importance and potential impact on their organizations, without a burning platform to respond to PropTech immediately, it is often superseded by the multitude of other challenges that decision makers face in today’s complicated global environment.
Using AI to build smart cities of the future
November 03, 2018
By Lance Wang
...AI’s potential to ease traffic congestion offers tangible benefits for many of Southeast Asia’s rapidly urbanising cities, where crowded roads are an uncomfortable part of daily life for many people. According to transportation intelligence firm Inrix, Thailand topped the list as the most congested country for the second year running... Integrating AI into current traffic management system is one way for cities to optimize road conditions and enhance urban transportation planning.
The scene is set for an AI-driven future, and by extension, an AI-enabled workforce. AI and automation are reconfiguring the workplace, reshaping operations, processes, workflows and business models. At the same time, such investments in AI are augmenting employee skills and capabilities, paving the way for a future-ready workforce. For instance, AI can help replace manual and repetitive tasks, freeing up employees for more skilled and meaningful work.
How Proptech Will Become Essential To All Commercial Real Estate
October 11, 2018
By Christopher Kelly
Venture capitalists invested $12.6 billion in real estate technology, or “proptech,” in 2017, triple the amount invested in 2015, according to Re: Tech. An emerging class of well-funded proptech companies are creating applications that are beginning to transform building management and occupant experience. In the coming years, the real estate industry will understand that proptech is essential for all stakeholders — including tenants, management and landlords.
Here are the 10 Top Tech Trends you need to understand right now
October 16, 2018
By Steve Ranger
Tech analyst firm Gartner has compiled a list of the top ten strategic technology trends that organisations need to explore in 2019. According to Garner, these technologies have substantial disruptive potential and are either on the edge of making a big impact, or could reach a tipping point in the next five years.
Some of these trends will be combined: "Artificial intelligence (AI) in the form of automated things and augmented intelligence is being used together with the Internet of Things (IoT), edge computing and digital twins to deliver highly integrated smart spaces," explained Garner vice-president David Cearley.
Commercial Real Estate’s Data Revolution is Here – Are You Ready?
September 18, 2018
By Nick Romito
Transformation is underway in commercial real estate with data fast becoming the most important competitive differentiator for today’s landlords and brokers. In an industry long dominated by people being successful doing things the way they’ve always done them, there has been little motivation to adapt. Today’s decision, however, is clear – if you don’t position your business to capture critical insights and act on them, your success will be limited.
Google makes it easier to discover datasets
September 10, 2018
by SmartCitiesWorld news team
Google has developed a search engine to allow researchers, scientists and journalists to find the data required for their work more easily.
Dataset Search aims to provide access to “millions of datasets” from many thousands of data repositories on the web in addition to the information published by local and national governments around the world.
Three ‘living labs’ which show how autonomous robots are changing cities
July 12, 2018
By Rachel Macrorie
Urban “living labs” are one way scientists are trying to understand how autonomous robots – or Robotics and Autonomous Systems (RAS), to give them their full title – will affect our everyday lives. Autonomous robots are interconnected, interactive, cognitive and physical tools, which can perceive their environments, reason about events, make or revise plans and control their own actions. These technologies are designed to draw on big data and connect with the Internet of Things, to make our lives easier by increasing accuracy and efficiency.
But the everyday dynamics of cities are complex, which makes them far less predictable than the usual test zones. City leaders recognise that real world experimentation can support innovation, as well as attracting international investment. As a result, cities around the world are competing to become urban test beds. But as a new white paper by researchers from Sheffield University’s Urban Institute sets out, there are some big challenges when it comes to promoting RAS technologies and ensuring meaningful trials in cities.
Why Venture Capitalists Are Investing Billions Into Real Estate Technology
June 27, 2018
By Hunter Perry
Real estate technology (or proptech) is quickly becoming its own category in startup world. New VC firms have raised hundreds of millions of dollars to invest solely in real estate tech. Top traditional VCs made huge bets on proptech companies. Some of the world’s largest landlords have built venture capital arms to get in on the action. Commercial brokerages have launched investment funds and incubators. In 2010, the total investment in real estate technology was estimated to be $33 million. In 2017, over $5 billion was raised.
So, why the focus on the real estate industry?
How are Fintech and Proptech Changing the Real Estate Industry in 2018?
February 28, 2018
By Forbes Real Estate Council
The antiquated ways of the real estate market have paved the way for proptech and its experience-based applications. It is now possible for a buyer to purchase a home without ever leaving their couch by using a wide array of online tools to view and assess the property of their dreams in one sitting.
Adding to the accessibility is the use of fintech on the finance side to push home loans through and make it easier than ever for a buyer to get financing and interface with their lender. The two technologies are making the process of buying a home more intuitive and convenient.
To see how these technologies will weave their way into the real estate market, 10 members of Forbes Real Estate Council share their own views on how fintech and proptech developments are altering the way you do business this year.
Is proptech the future of real estate?
March 22, 2018
By Sameer Nayar
An increasing number of real estate companies are realising the potential of technology to transform their business.
Over the last few years, funding for tech companies in the real estate and construction sector, commonly called proptech, has been on the rise. A number of trends have already emerged in the proptech space in 2018. One, real estate companies will have an increased focus on cost, hence necessitating the need for transparent end-to-end process management software. Two, there will be more consolidation in the proptech space as larger companies seek to acquire technology advantage. Three, the combination of drones, augmented reality (AR) and virtual reality (VR) will lead to a much better user experience for home buyers. Four, co-working and co-living firms will acquire a larger scale. And five, Big Data will start to have real world advantages for people who can use it effectively.
Forget Data Scientists And Hire A Data Translator Instead?
March 12, 2018
By Bernard Marr
You can invest in data technologies and collect all the data you can possibly imagine, but it’s worthless if it’s not analyzed or communicated to decision-makers so that action can be taken from the insights. Some organizations attempt to communicate data findings across departments of an organization, but something typically gets lost in translation as it makes it way from the data scientists to the executive decision-makers. This issue is so prevalent that only 18% of companies believe they can gather and use data insights effectively, according to a McKinsey survey. Due to this reality, some organizations have opted to add a data translator to help bridge the gap.
‘Living Laboratories’: The Dutch cities amassing data on oblivious residents
March 01, 2018
By Saskia Naafs
“Visitors do not realise they are entering a living laboratory,” says Maša Galic, a researcher on privacy in the public space for the Tilburg Institute of Law, Technology and Society. Since the data on Stratumseind is used to profile, nudge or actively target people, this “smart city” experiment is subject to data protection law. According to the Dutch Personal Data Protection Act, people should be notified in advance of data collection and the purpose should be specified – but in Stratumseind, as in many other “smart cities" this is not the case.
A reimagined city life is the vision propelling the newest URBAN-X startups
February 14, 2018
By Teena Maddox
Artificial intelligence that can monitor roadway conditions, urban services that can function seamlessly in smart cities, and high-altitude balloons that can create real-time imagery are among the projects being developed by the newest startups at URBAN-X.
There are nine companies participating in Cohort 03, which is what URBAN-X calls the third round of participants chosen to work with MINI's engineers. The startups have spent five months designing products and services that are human-centric and that use technologies such as machine vision, artificial intelligence, data-training and advanced manufacturing.
The goal of URBAN-X is to act as a tech accelerator to work with companies addressing societal challenges and to make cities more efficient, functional, and liveable. MINI, which is part of the BMW Group, founded URBAN-X in 2016 to create more ideas for urban living and to focus on engineering the city as a service.
Mobile augmented reality: The urban experience we have been waiting for
January 25, 2018
By Adam Beck
Check out this discussion with Greg Curtin, CivicConnect's Founder and CEO, on what mobile AR means for cities. CivicConnect has been pioneering a mobile AR platform now being deployed to support data and information overlays, wayfinding, virtual teleportation and a range of asset management and economic development applications.
Siemens builds Singapore digitalization hub
July 11, 2017
By John Glenday
German technology giant Siemens is setting its sights on the far east in the form of a partnership with the city state of Singapore as it inaugurates a new digitalization hub, home to 60 specialists drawn from a variety of disciplines.
They aim to transform the tiny state into a ‘smart nation’ to achieve its goal of becoming a digitally networked environment.
WEF study forecasts massive gains from digital transformation
January 21, 2017
The Digital Transformation Initiative by the World Economic Forum (WEF) analyzes the impact of digital technologies on industry and society. In its new telecommunications report, the WEF concludes that technologies such as mobility, cloud and analytics are enabling a fourth industrial revolution that will unlock upwards of USD 2 trillion in revenue opportunities.
How is Big Data Used in Practice? 10 Use Cases Everyone Must Read
January 01, 2017
By Bernard Marr
Bernard Marr, an advisor to businesses and governments, recently ranked top 10 Business Influencers in the World by LinkedIn, shares his insight and discusses 10 major areas in which big data is currently being used to excellent advantage in practice.
Some of those areas include: "Understanding and Targeting Customers", "Understanding and Optimizing Business Processes", and "Improving Cities and Countries", to name a few.
Transforming a city with Data and Insight: Power to the People
September 19, 2017
By Nickolus Plowden
For the first time in human experience, there’s the opportunity to transform a city by listening to all of its inhabitants, individually. That’s the mission of the Jakarta Smart City (JSC) project, and it’s a major challenge in a district of some 10 million residents. To automatically collect and analyze input from as many citizens as possible, JSC built a central platform that “gathers feedback from mobile and social media channels, and maps it against other data to identify problem hotspots.” It’s an enormous project requiring data flexibility, management and analytic power.
Now what does this have to do with IBM?
Developing A Living Lab For Smart Cities Worldwide
March 31, 2017
By Kathleen Philips
The essence of a smart city is that it is a city in which the quality of living is lifted to a new level, fulfilling the practical needs and expectations of the people who live there. To see how this could be realized, the city council of Antwerp and a number of committed companies have set up a smart city project, making Antwerp one of the world's largest living labs of smart city technology. In 2016, the foundations were laid of what may become a benchmark for urban environments worldwide.
The goal of the 'City of Things' project is to examine how a smart city may be developed as part of a realistic framework, in a large city and working in close collaboration with the residents and the city council.
Practical Guide to Transforming Energy Data into Better Buildings
December 13, 2016
By Lucid and Urjanet
Among the most strategic challenges facing business today are energy efficiency, big data, and the internet of things—and buildings sit squarely at the intersection of all three. It is essential to learn how to take all the data and transform it into insights and results to improve building performance for owners, managers, operators and occupants. The guide below uses the lifecycle of energy data as a framework to help understand what and when data can be collected, and how to best evaluate the data for meaningful insights.
The lifecycle follows through the following path:
• Understanding Where The Data Is Coming From
• Aggregating The Different Data Sources
• Transforming Data Into Actionable Insights
• Taking Insights-Driven Actions
• Using Data To Track And Evaluate Results
• Leveraging Energy Insights Beyond Building Management
• 8 Steps To Get Started Today
Google creates Sidewalk Labs to redesign city living with technology
June 10, 2016
By Rich McCormick
Sidewalk Labs is a new and independent company that Google CEO Larry Page says will focus on improving city living for everyone by developing new technologies to deal with urban issues like cost of living, transportation, and energy usage.
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