Realty tech companies help raise productivity in hybrid mode

  • Corporates are making use of AI to analyze the methods to increase productivity
  • Companies use data to evaluate operational performance, energy usage, health and safety records, and occupancy levels, among other things.
  • Employees are eager to know the future of work from office

Corporates are seeking assistance from real estate tech firms to get employees back to work as focus shifts from sanitisation to improving productivity at work, said Sandeep Dave, Global Head-Digital & Technology, CBRE.

Corporates are also making use of artificial intelligence (AI) to learn how employees’ days can be more productive.

“Now it is very much about how a company can ensure that when an employee decides to go to the office, he will be productive,” said Dave.

“We have a product that ensures that employees’ calendars are the same, so they can figure out who is going to the office that day. People in the office can also see occupancy in real time. They can see that social distancing is being maintained, among other things,” Dave said.

According to CBRE’s “2022 India Office Occupier Survey,” nearly 73% of Indian occupiers are considering hybrid working arrangements in the future.

Work From Home is the new trend?

The trend emerged as a result of the Covid-19 pandemic, which forced businesses to adopt flexible working arrangements. Office applications became a communication vehicle soon after the pandemic, and they were used to ensure employee safety during the second wave. Following that, it was all about tracking sanitisation and obtaining real-time occupancy insights.

“Over the last five or six years, this used to be a very manual industry, whereas technology and automation have become a part of the industry even before Covid19. Post covid, it got accelerated,” said Dave.
Corporates are also using technology to achieve a net zero target.

“Most of the solutions available on the market are good for getting data for one building. But if you want to do it on a portfolio scale, which is what is required to achieve Net Zero targets, the company needs information on energy efficiency and workplace experience,” said Dave.

And clients are also asking for deeper insights.

“Commercial real estate is a siloed data environment, where data comes from various places, it doesn’t merge together. There’s a property record in 15 different locations,” Dave said.

Companies use data to evaluate operational performance, energy usage, health and safety records, and occupancy levels, among other things.

According to experts, returning to work is a global issue right now, and everyone is trying to figure out what the future of work will look like.

“The future of work is going to be distributed. A workspace is not only a place where people come in to get work done, but more so to collaborate. So now the design of the space is not just a row of workstations, but also an agile room, wellness rooms, and collaboration rooms,” Dave said.

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