Business intelligence and data

It is smart to harness data to business intelligence

Business intelligence is spreading rapidly across different sectors, and the real estate sector is no exception. Property owners and managers have increasingly found that decisions affecting the value of properties, operating costs and user comfort should be based on data in addition to experience.

In business intelligence, data is brought to the core of management at all levels of the organisation from senior management to the personnel in charge of property maintenance. The property manager can quickly see from their user interface an overview of the maintenance of the property portfolio, for example. Correspondingly, property managers and facility management companies are able to obtain real-time data concerning completed maintenance activities or energy consumption for each asset.

Business intelligence makes operations more systematic

Business intelligence provides property maintenance with a completely new kind of systematicness, quality and timeliness. It helps in seeing the big picture while giving access to the details. Time is saved and operations become faster when there is no need to look for information from different sources or collect reports from each property separately. Any deviations can be addressed immediately.

Data is collected from properties and refined into an easy-to-use format with the help of advanced digital tools. Information about properties is automatically obtained from diverse sensors, energy meters and building automation systems. Sources of data also include data manually input to digital systems, such as maintenance personnel’s records of operations or the condition reviewer’s proposals for larger projects.