Ushering in CRE 3.0

Integrated IoT, AI and ML building operations and maintenance platform, Facilio Inc., refers to the new era of data-driven commercial real estate management as "CRE 3.0" in a new report on the impact of technology on estates and facilities management.

Referring to what the company describes as a "three-pronged industry focus on data extraction out of siloed building functions, data aggregation on a portfolio-central platform, and the use of modular apps to perform data-driven operations acting on the insight-rich operational data to enable predictive portfolio operations", the report also provides opinion on:

Prabhu Ramachandran, Facilio CEO, says:

"Buildings are a powerhouse of data.

The automation driven upgrade of commercial real estate assets, of a few decades ago – labelled CRE 1.0 – was focused on embedding buildings with hardware that delivered improved services and enhanced performance.

CRE 2.0, the recent adoption of appropriate technologies consisted of computer-aided building automation and other software suites, designed to act as point solutions for property management, maintenance, energy management and occupant applications.

"The new decade will see the rise of CRE3.0, an innovative new data-driven model in commercial real estate operations, that is now making it possible to optimize asset performance and achieve centralized and real-time management, at an enterprise scale".