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What does a global crisis mean to property owners, investors and managers in terms of practical cost however? Climate change will certainly impact property value in the next 30+ years, as the cost of protecting communities against flooding and wildfires will be an expense these neighborhoods and the taxpayer are certain to bear. And while property investors are still investing in high risk areas, locations like Miami Beach could be underwater in a matter of decades, causing untold damage to commercial portfolios around the world.
Real estate companies urgently need to act now to protect their investments. Even if your buildings aren’t at risk of flooding or natural disasters, a deeply uncertain property market and falling occupant demand still pose a serious threat to your commercial portfolio’s value moving forward. If we’re on the verge of a market crash, how many millions of dollars will your portfolio stand to lose?
5 articles found
Determining the cost of change management and value creation in digital transformation of the built environment
Global crises demand streamlined operations as property value comes under pressure. Find out how smart building functionality is essential.
These days, a number of green certifications and programs exist, each with its own focus area and sustainability goals. Learn about the top 5.
In this final installment of the series we discuss how a well-executed smart building program can ensure airtight CRE cybersecurity.
The GRESB Data Quality Assessment is paving the path to digital facilities management for the CRE industry. Switch Automation VP Patti Mason weighs in.
With increasing reliance on artificial intelligence to support businesses, data science is key in turning data into actionable insights to optimize operations and impact risk management and decision-making. Artificial intelligence (AI) techniques and solutions often operate like ‘black boxes’, leaving organizations open to new AI risks.
Why the future of AI in smart buildings is proactive intelligence, not another chatbot
The Changing Role of the Master Systems Integrator in Smart Buildings
A Switch Automation data scientist shares how AI is changing the role, assisting with coding, integrations, reporting, and repetitive data tasks.
Book a demo and see how Switch connects, analyzes, and optimizes your buildings from day one.