Insight
Show notes:
In this episode of Buildings 2.0, Jose speaks with Michael Vartholomaios, Head of Digital Transformation & Technology at PRODEA Investments. They discuss why property managers should collect and analyze data from their buildings, and how they can use that data to optimize a property’s use. They also talk about how data helps with sustainability efforts, how AI can make buildings more efficient, and three focus areas for digital transformation.
Topics discussed:
- Why Michael is "addicted to data" and how one of his first projects at PRODEA was to centralize their database.
- How collecting data on a building and its functions can help you drive digital transformation, as well as track and report on ESG and sustainability efforts.
- How PRODEA is using property management software to streamline manual and time-consuming processes to free up the team.
- Why real estate has been slow to adopt digital transformation in brick-and-mortar and what they should look at instead.
- How architecture will need to keep up with the growing standards of sustainability.
- How AI could make buildings more efficient by optimizing its systems and providing personalized experiences for occupants.
- Guidance on why you should focus on people, processes, and products for a successful digital transformation.
Guest Quotes:
#1.) Intro Quote:
"We're starting to understand how people are using the buildings more through this data. And I think by actually having and collecting all this data, we can actually create strategies and find operational conveniences, let's say, to make these properties, A, either more efficient, or B, more adaptive to our needs and things like that." (10:20-10:48)
#2.)
"We have building data that comes down to usage metrics from electricity, water, internet, telephony, air, HVAC units. We can use the data to monitor and figure out how these buildings need to be upkept and maintained." (13:14)
#3.)
"If you renovated a building ten years ago, maybe in five, ten years from now, it might not be green anymore. So it's this cycle of constant improvement to create more efficient and more technologically advanced and sustainable products." (26:52)
#4.)
"You can use AI to ask the building to operate at the most efficient level as possible, and it will understand what that means and adjust everything accordingly on the spot, constantly, without any human intervention." (28:17)
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