2017 BOMA International Annual Conference & Expo

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How Big Data and Analytics are Transforming Real Estate Operations (Room 202C)

Big data in the real estate sector is moving from a niche market to building block of operations. Buildings are becoming more complicated, while staff and budgets are getting spread thinner and tenants are demanding more service. Vornado’s Washington DC portfolio developed a portfolio strategy to begin logging and mining over 500,000 data points per hour from dozens of building automations systems (BAS). This treasure trove of data allows Vornado to pursue sophisticated fault detection and energy optimization on a scale that very few organizations have pursued. Come learn how the emergence of big data - and the platforms to analyze it - are transforming real estate management and operations for everyone from the property manager and operating engineer up to the C-suite. This presentation will include a high-level overview of the business case for big data projects, as well as specific examples of how data mining can deliver value to all levels of a company.


 

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