We need to stop focusing on the digital part and refocus on the
complete Transformation that is now occurring everywhere.
Founder, Owner, Publisher AutomatedBuildings.com
What does Digital Transformation mean to each of us? The question
returns many very individualized responses but even more significant is
that our existing
reasons and past business models are transforming as we attempt to
grasp the meaning.
This discussion was open up on https://www.mondaylive.org/past-shows
We need to stop focusing on the digital part and refocus on the
complete Transformation that is now occurring everywhere. In an
organizational context, transformation is a process of profound and radical change
that orients an organization in a new direction and takes it to an
entirely different level of effectiveness. Transformation implies
a basic change of character and little or no resemblance with the past
configuration or structure.
This article talks of major Transformation of one of our building business models,
WIRE)--Pinterest, Inc (NYSE: PINS) announces that it has terminated its
lease for approximately 490,000 square feet of office space
to be constructed near its current headquarters campus in San
Francisco, California. Instead, the company’s present plan is to
continue to lease its current buildings in downtown San Francisco and
remain an active member of the local community.
action is intended to support a more diverse and geographically
distributed workforce at Pinterest. "As we analyze how our workplace
will change in a post-COVID world, we are specifically rethinking where
future employees could be based," said Todd Morgenfeld, CFO and Head of
Business Operations of Pinterest. "A more distributed workforce will
give us the opportunity to hire people from a wider range of
backgrounds and experiences."
The agreement involved a one-time
payment of $89.5 million in the third quarter of 2020. This will be
reflected in Pinterest’s financial statements as a GAAP general and
administrative expense, to be filed with its Quarterly Report on Form
10-Q for the period ended September 30, 2020. As a result of the
termination, Pinterest will no longer be subject to future minimum
lease payments of approximately $440 million as disclosed in prior
Seven Takeaways from UBS's Real Estate Outlook Report
Uncertainty looms over the U.S. economy and no property type is immune
from the potential financial impact. Sebastian Obando | Aug 24, 2020
However, some clear trends have emerged in the commercial real estate
market and UBS researchers advise investors to take a long-term view on
how the various property sectors are likely to perform. Here are seven
takeaways from the report.
Dumb Buildings are the Real Losers in a post-COVID World Published: August 19th, 2020
COVID-19 is one of the most disruptive events human society has
experienced in the last 75 years. Beyond the struggles of 2020, this
harsh reminder of the biological threats we face will go on to reshape
the way we live for years to come. At the center of this debate is
commercial real estate (CRE) — the indoor environments where people of
different households gather — where 50% to 100% drops in occupancy
levels have been common for months. CRE must now adapt to a post-COVID
world that will create new winners and losers to reshape the buildings
"The Smart Building Effect" Nicolas Waern "The Building Whisperer"
Forget about Smart from Start, antifragility, and classic business
models that don't offer anything new. The future will be about
buildings that stay relevant and get exponentially smarter over time.
A Battle of business models
One of the major reasons why Smart Buildings are winning against its
competition hands down is completely overlooked, underrated, and rarely
mentioned. It is the continuous value creation for customers and that
buildings grow better over time. Other manufacturers have no answer for
The companies creating Smart Buildings will add value for its customers
like no other companies in the world. I am not talking about safety
features, being fun to be in, or sustainable energy efficiency of soft
values, but about hard dollars in the pockets of companies, tenants,
and especially real estate owners. This has nothing to do with
automated buildings, or AI-infused robot buildings, which, if they
arrive one day, will add 6-digit value appreciation on top.
What we are experiencing today is not a competition about who has the
best net-zero building with the best energy efficiency rating on the
planet, the best technical asset management team, or the newest silo
solution from a building automation vendor. What we are experiencing is
not a competition between automated buildings and traditional
buildings, but the competition between two contradicting business
According to Pitchbook.com, “Low-code and no-code development platforms
expedite the creation of new applications with minimal coding
requirements and offer tools for non-programmers to create their own
apps. These platforms use a combination of drag-and-drop graphical
interfaces and prebuilt models and templates that enable non-developers
to create software.”
The Show Must Go On… Scott Cochrane, President & CEO
Cochrane Supply, Jim Young / Realcomm / IBCon and others have decided
to host our industry events even though this pandemic continues.
Whether virtual or in person, learning, networking and sharing ideas
are more important than ever.
Not only are our business models transforming but all our underlying infrastructure and way of life as we know it.
Covid-19 and the future of cities: 9 emerging trends in digital transformation
By Manu Fernandez & Sergio García i Rodríguez | 2020
The covid-19 crisis has been an unexpected accelerator of the
digitization of public services. The compulsory switch of the
administration internal procedures and the formalities for citizens to
the online mode marks a milestone in a tendency that is sure to be
Rich Manhattanites are fleeing the city
so fast because of the pandemic and deteriorating quality of life in
the Big Apple that moving companies can barely keep up with them.
COVID-19 poses a unique challenge.
Ensuring people have access to transit, shopping amenities and fresh
air, all while maintaining a two-metre distance, is difficult in
The importance of streets Brent Toderian, a former chief city planner
for Vancouver who now runs a city planning consultancy, said "the
biggest conversation during the pandemic is the role of streets as a
principal public space in cities."
As a result of our collective self-isolation, there are fewer cars on
the road. At the same time, people are seeking respite outdoors by
walking. But it is increasingly challenging to maintain a respectful
distance on sidewalks without veering into traffic.
‘There’s going to be a big division between nimble and slow companies’
Erik Brynjolfsson: director, MIT Initiative on the Digital Economy, professor, Information Technology
This is a huge shock to the economy, but it’s also a big restructuring
of the economy. There’s going to be a fundamental change in the way
companies work. We’re compressing 10 years of structural change into 10
A big part of that is a shift to a more digital economy. That has been
going on for some time and will continue for some time, but the current
situation is compressing the efforts of a lot of businesses, managers,
and workers to become more digital. Even when you have technologies in
place like Zoom or Slack, people don’t always make full use of them;
they stick to the old ways of doing things, and for most companies, if
it ain’t broke, they don’t fix it. Most of us have been forced to think
about whether we can work remotely. It hasn’t worked for everyone, but
overall digital tech has been quite impressive, so that’s a win.
COVID-19 is Accelerating Digital Transformation
within the Built Environment The built environment has been
shaken by the COVID-19 pandemic Marc Petock Chief Marketing &
Communications Officer, Lynxspring, Inc.
Occupancy Analytics is Becoming an Essential Building System in the Post-COVID Era
Published: July 29th, 2020
“Real estate is a $71 trillion asset
globally. In the US alone, there are 10.9 billion square feet of leased
or owned corporate real estate but as much as 4.4 billion of that is
vacant and paid for. Every year, US corporations spend $250 billion on
space with nobody in it, and it’s not that they don’t know they have
this problem, they know. It is just that they can’t agree on which 41%
is vacant paid for and which is actually being used. So they make
Some of the words of Transformation a quick summary of above
Transformation is more diverse and geographically
winners and losers to reshape the buildings,
buildings that stay relevant and get exponentially smarter over time,
to create software,
virtual or in person, learning, networking and sharing ideas,
difficult in high-density areas,
compressing 10 years of structural change into 10
built environment has been
space vacant paid for and which is actually being used,
and so much more.
We all need to Transform
[Click Banner To Learn More]
[Home Page] [The
Automator] [About] [Subscribe