Technology is advancing at record speed, and as it does, it is opening the door to huge opportunities to harness commercial real estate data in new ways. Perhaps nowhere is this more exciting than in technology’s potential to tie together data points that support property risk management. What excites me is the extraordinary potential of leveraging data in the property space in new ways that fuel smarter decision making by real estate risk managers. Our industry is filled with opportunities for technology to be truly impactful. This isn’t threatening, but will instead allow professionals to spend their time applying expertise rather than performing mundane research and struggling to connect the dots across disconnected silos. One thing that motivates my work in this space is that with all the data, analytics and technology availability, property owners, lenders and other risk-takers are only scratching the surface in terms of harnessing data to fuel more efficient, smarter decision making. Thanks to technology, the needle is moving, and the implications for efficiency and smarter risk management are many.
Evolving Access To Data
There are tremendous inefficiencies associated with the…
