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IT Spending Trends in Commercial Real Estate
The combination of a strong economy and low interest rates offer ideal conditions for the growth of the commercial real estate sector in 2018. Yet IT spending among CRE firms is growing just 1.0% at the median, well behind the pace of nearly 3.0% across all industry sectors. What is it about CRE organizations that make them unique? In this report, we analyze 10 ways in which commercial real estate firms differ from other industries in terms of their IT spending characteristics. We conclude with recommendations for benchmarking and optimizing the IT budget within CRE firms. (17 pp., 10 fig.) [Research Byte]
Beyond the Back Office–The Internet of Things in Corporate Real Estate
At a recent user conference, we caught up with one customer with an interesting application of the Internet of Things (IoT) in corporate real estate. This case study illustrates how IT is increasingly delivering business value by moving beyond the back office.