Real Estate Leaders Agree Smart Building Technology Critical To Business Success

Australia’s commercial real estate leaders have cited smart building technology as critical to business productivity and employee wellbeing. This is according to a new report published by Schneider Electric. The report is based on interviews with nearly 100 industry experts from the corporate real estate sector.

Preeti Bajaj, VP for Strategy & Transformation at Schneider Electric, said, “It is encouraging to see industry experts recognise smart building technology as important to their business strategy.”

“Smart technology has the power to transform our old-style offices into hyper-connected responsive and controllable machines. This results in healthier buildings that enable smarter, more innovative and productive workplaces.”

“The challenge we have in Australia is that the industry is hesitant to invest in change. With the evolution of smart buildings well underway in Europe, developers, tenants and advisors here in Australia need to work together now to reap the rewards of these technological advancements and make next generation workplaces a reality.”

Driven by a changing workforce, smart building technologies are shaping the workplace of the future for the better.

“We have seen how smart buildings are creating connected human-centric workspaces that have intuitive awareness of occupancy and usage,” Preeti added. “But ultimately, buildings are only enablers of economic activity. People, workplaces and technology must each be considered of equal importance in increasing productivity and innovation.”

A key component in creating a workplace of the future is to ensure that the office space is agile and flexible. Access to power and data is the lifeline of any office space, and traditional hardware set ups may not enable flexibility for facility managers to reconfigure working areas to best suit their needs. More information about the kind of technologies that allow for quick and easy installation, and simple reconfiguration is available

here.

For more information about the report, visit

www.schneider-electric.com.au/smartbuildings

About the research

The report draws together in-depth interviews and discussions with 20 leading tenants, developers, technology advisers and designers from the Australian commercial real estate sector. Those interviewed are leaders in their respective fields and have given us an incredible insight into their many years of experience and knowledge of this business. This is in addition to the responses to a questionnaire from around 100 corporate real estate experts, which is part of a global review of attitudes and thoughts about the future of smart buildings. This research was conducted by Schneider Electric in association with UnWork, a research consultancy that specialises in the future of work.
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