Yardi contributed hugely to the success of the recent Realcomm ׀ IBCon conferences, an annual premier event in the commercial real estate industry, by showcasing innovative technologies that control revenue and expenses. Yardi focused on the benefits of Yardi Elevate, Yardi Kube and Yardi Pulse. These product suites blend business intelligence from Yardi Matrix with operational tools into a single connected platform that harmonizes leasing, deal management, tenant improvements, budgeting, construction management and other operations. Property owners can make better decisions, manage pipelines more efficiently and foster closer interaction between external brokers and asset managers. Rob Teel, Yardi senior vice president of global solutions noted in a live-streamed interview during Realcomm ׀ IBCon that property managers must manage revenue and expenses more actively than they did a decade ago to generate expected returns. “Success comes when teams work together to create an ecosystem of users who can collaborate to improve operational performance,” he said. Watch the full interview below: The solutions also give rise to new revenue streams from coworking membership arrangements, better forecasting capability, lower energy consumption and expenses without sacrificing occupant comfort, and budget and schedule certainty for construction projects. With their real-time connection to the Yardi Voyager property management and accounting database, they’re easier to use and more reliable than point solutions. “Yardi has extended solutions from the Yardi Voyager property management and accounting platform to encompass other elements, making property owners and managers more efficient,” Brian Sutherland, industry principal of global solutions, said in another live-streamed interview. Watch the full interview below: “Realcomm ׀ IBCon was a great opportunity for the Yardi team to connect with and learn from clients, vendors and other industry participants. The conference’s quality is second to none,” Teel said. Asked the secret of Yardi’s success, Sutherland said,...

Editor’s note: The following article by Kevin Yardi, vice president of consulting practices for Yardi, was originally printed as a Realcomm Advisory on May 31, 2019. It is reprinted here with permission. Various aspects of big data, AI and Machine Learning have been reported extensively in this space and elsewhere. I’ll use this opportunity to highlight some key points that I think are particularly important to helping the commercial real estate industry benefit from these capabilities. Just what are we talking about? “Big data” means large, complex data sets that most traditional software platforms can’t manage. AI refers to computer systems that can perform tasks normally requiring human intelligence. Machine learning, a form of AI that enables systems to “learn as they go” without being explicitly programmed, supports informed decision-making by assembling and analyzing property information more quickly and more accurately than other systems. The expansion of digital data availability, computing power and software enhancements, along with cheap storage, have made these options viable for commercial real estate. What are the commercial real estate benefits of AI and Machine Learning? AI and Machine Learning can give companies better-structured data that improves business performance. For example, AI systems can detect patterns in conditions affecting energy consumption without being requested, then optimize the target temperature every 30 seconds to ensure comfort without using more energy than necessary. They can also learn from past performance to react to changes in occupancy, weather and other factors. All this translates into better performance through lower utility, energy and equipment maintenance costs; increased tenant comfort that reduces service calls and increases retention; regulatory compliance; investor satisfaction; and higher ENERGY STAR® scores. In short, AI saves energy and money while creating more comfort than humans could do on their own. More...

The multifamily marketing industry recently gathered in Huntington Beach, Calif., for the 2019 Apartment Innovation and Marketing (AIM) Conference. The 2019 edition focused on digital marketing best practices and innovative technologies. Keep reading for top insights from the 2019 conference! The ever-expanding Internet of Things A second wave of connected technologies is making its way to multifamily. In fact, according to Terry Jones of tech giants Travelocity, Kayak and Wayblazer, 75 billion smart devices will be connected to the internet of things by 2025. From smart home integration and keyless entry to smart thermostats and high-speed WiFi, AIM sessions focused on the convenience and opportunity afforded by embracing IoT advances. At AIM, Yardi experts also previewed connected technology innovations coming soon to the RENTCafé Suite. “Marketers are going to need to understand technology more to be successful,” shared Ben Burns, vice president of digital strategy at Bozzuto, during a growth-focused question and answer panel. “At the end of the day, we’re providing experiences.” Is your business ready to embrace new technologies and give renters what they want? Attribution, automation and analytics New technologies appear on the market every day. But which ones made the jump from novelty to widespread adoption? The AIM Technology TrendTalk with Esther Bonardi, vice president of marketing at Yardi, explored multifamily technology trends and how smart marketers can use them to improve business outcomes. Meet the speakers: Diana Norbury, Senior Vice President of Operations, Pillar Properties Norbury spoke about utilizing benchmarking and prescriptive analytics to help drive more informed marketing decisions. At AIM, one thing was clear: data is a marketer’s best friend. Prescriptive and predictive analytics can use that data to inform your marketing strategy, improve customer experiences and, ultimately, boost conversions. “Predictive analytics allow our staff to work...

Charging cables, while a necessity, are something we’d like to never have to use again. That means batteries too. Battery technology, despite the increasing need in the auto industry, is only slowly advancing, but the results show potential. Researchers have been investing resources into annihilating cables; not long ago researchers from the University of Washington presented a system they named Power over Wi-Fi (PoWiFi). More recently, scientists from MIT and the Technical University of Madrid are looking into a new way of converting energy from Wi-Fi signals into electricity that could power electronics. Their latest study involves a new kind of rectenna: a device that converts alternative current electromagnetic waves into direct current (DC) electricity. The rectenna uses a flexible radio-frequency antenna which captures electromagnetic waves, including those carrying Wi-Fi, as alternative current (AC) waveforms. This antenna is then connected to a novel device called rectifier, for which the researchers used a two-dimensional semiconductor just three atoms thick (called molybdenum disulfide—MoS2), one of the thinnest semiconductors in the world. The AC signal travels into the semiconductor, which converts it into a DC voltage that can be used to power electronic circuits or recharge batteries. In short, this battery-free device passively captures and transforms ubiquitous Wi-Fi signals into useful DC power. Furthermore, the device is flexible and can be set up to cover very large areas. “What if we could develop electronic systems that we wrap around a bridge or cover an entire highway, or the walls of our office and bring electronic intelligence to everything around us? How do you provide energy for those electronics?” asked Tomás Palacios, a professor in the Department of Electrical Engineering and Computer Science & director of the MIT/MTL Center for Graphene Devices and 2D Systems in the Microsystems...

While the coworking industry continues to expand, its important to keep up with the best new technology. Let’s take a look at some of the most latest critical tech components for coworking spaces. CRM Every coworking space should absolutely have a CRM in place. It is truly one of the most integral components to a modern thriving workspace. Not only does it assist in lead tracking, but a CRM will improve your relationships with your current and prospective members. A CRM will streamline lead entry, customer life cycle tracking, vendor relationship management, and many other operational tasks. It drives efficiency and will enhance productivity, and directly leads to greater profitability. The technology-driven corporate world we live in today demands a CRM. According to a study by Gartner, CRM will be the single largest revenue area of spending in enterprise software by the year 2021. Not only is the CRM going to be a core tool for sales and marketing, but it will also benefit customer service. Since your members are reaching out via social media, phone, chat, email, and any other method they can find, it’s important to consolidate all their interactions in one place. The uses of a robust CRM are virtually limitless for all aspects of a successful coworking space. Automated Billing Whether you operate one space or multiple locations, automated billing is a vital component for success. Consider the time you’re spending balancing and reconciling your books. Consider the outsourced cost if you hire a bookkeeper. With the market becoming more competitive,  shared space supply is increasing, and organized operators can run more efficiently. In many cases, operators streamlining their business with automated billing (among other tech solutions) can offer the same product at a more competitive cost. Standout softwares combine an accounting package with merchant services. Yardi KUBE...

Voice-controlled online entertainment is flourishing in American homes. Many multifamily firms have expressed interest in smart speakers and similar tech options for their properties. Until a few industry challenges are resolved, however, voice-activated gadget cannot fulfill their potential in multifamily applications. Growing Popularity Consumers love voice-controlled devices. In 2017, about 40 percent of broadband households used voice recognition software. The growth continues. Research and analysis firm Parks Associates estimated that household penetration will reach 47 percent by 2022. Voice-activated artificial intelligence (AI) offers multiple conveniences for users. With a simple command or question, users receive helpful information such as commute updates, weather forecasts, and reminders. Consumers also turn to voice recognition software to manage their other devices. Last year, the average American household had 8.8 devices with unique interfaces. Voice-activated technology bypasses the need to switch between devices by offering one interface for them all. The growing popularity and usefulness of voice-controlled AI are promising. Though the technology appeals to consumers, it may not yet offer full value to property owners. Growing Pains Consumer-friendly AI is capable of more now than ever before. Oddly, flaws with basic functionalities still plague the technology, causing trouble for multifamily applications. Command comprehension is the pitfall most likely to annoy users without causing serious damage. Voice-controlled tech may not respond properly because it does not understand user commands. Virtual assistants fail to accommodate for variables such as user syntax, dialects, and the use of non-English words or names.  As a result, user satisfaction with virtual assistants—and the properties that carry them—will vary. Connectivity poses a greater issue. Voice-controlled tech often integrates with other devices. A smart speaker like Alexa, for example, can control the thermostat, lighting, and alarm system for a unit. Unfortunately, interoperability—the ability for one gadget...

Artificial intelligence—defined in the Oxford English Living Dictionary as “the theory and development of computer systems able to perform tasks normally requiring human intelligence”—is booming. Last year, technology market intelligence p rovider International Data Corporation forecasted a 54.4% compound annual growth rate of corporate global spending on cognitive and AI solutions through 2020, when AI-related revenues will top $46 billion. In 2016, global financial advisor UBS said, “We expect AI’s industry growth will start to explode and its impact on business and society will begin to emerge” by the end of the decade, pointing to a future where “AI-powered machines and software will likely start to untether from human supervision, embarking on their fateful path as sentient beings.” AI proponents tout such potential benefits as efficiency, elimination of manual tasks and new solutions for social problems. But not everybody is on the wagon. In 2015, for example, a host of business and academic leaders including Elon Musk, Steve Wozniak and the late Stephen Hawking signed an open letter urging restraint in the development and application of AI. “It is important to research how to reap its benefits while avoiding potential pitfalls,” the signatories said. Gary Smith, a professor of economics at Pomona College in Claremont, Calif., and author of the just-published book, “The AI Delusion,” also advises caution. Professor Smith offered his thoughts in an interview with The Balance Sheet. Q: Professor Smith, what do you see as the biggest misconception about artificial intelligence? A: That computers are smarter than humans. AI algorithms excel at narrowly defined tasks that have clear goals, such as tightening bolts, checkmating a chess opponent or reducing a building’s energy consumption. These tasks can be very useful, but AI doesn’t “think” in any real sense of the word. Q:...

When it comes to Excel, there are two kinds of users: those who love it, and those who love to hate it. Regardless of which camp you’re in, there’s no denying the ubiquitous tracking tool has earned its role as a mainstay in offices in every industry across he world. But as the complexities of business have grown, so has the need for flexible tracking tools—a fact that’s increasingly obvious in senior living. With many different levels of care, various floor plans, myriad amenities and portfolios of communities, new time-saving tools can have a huge impact. In this post, we’ll examine common budgeting and tracking challenges faced by senior living operators and a solution that makes all the difference. The challenges: Antiquated systems are inefficient Since most companies purchase office software packages, it seems most cost efficient to use the spreadsheet that’s included to record and analyze the organization’s budgets. And while that strategy is an effective way to save money on paper, creating a scalable document to track all business operations from a blank tab in Excel is incredibly painstaking and time consuming—and once it’s been created, maintaining the document is no easy feat. If you recall the concept of opportunity costs from freshman economics, you’ll begin to understand that there is no efficiency in sapping countless man hours to make a tool not created for your business actually work for your business. Versions get outdated quickly—and aren’t easily shared Have you ever wasted time updating a spreadsheet only to find that you weren’t looking at the latest version? One of the most common frustrations with using static spreadsheets, rather than live solutions which are updated in real time, is the data becomes stale quickly, especially when multiple teams are making edits. On...

Two of the world’s aluminum giants—Alcoa Corp. and Rio Tinto Aluminum—have announced a revolutionary process to make green aluminum, and we’re not talking colors here. Instead, the joint venture has come up with a new smelting method that produces oxygen instead of direct greenhouse gas emissions.  The project is called Elysis—a reference to the process at the center of aluminum smelting, the electrolysis of alumina. It will be based in Montreal and plans to make this revolutionary method commercially available by 2024. Aside from the environment friendly feature,, the technology is also expected to reduce costs by roughly 15 percent. Apple has partnered with the two companies, and the Governments of Canada and Quebec, to collectively invest a combined $147 million to future research and development. The research and development phase of the technology has spanned decades. Apple joined in 2015 when three of its engineers—Brian Lynch, Jim Yurko and Katie Sassaman—went in search of a cleaner, better way of mass producing aluminum. Aluminum, also known as solid electricity, has been mass produced the same way since 1886, having Alcoa’s founder, Charles Hall as a trail blazer. A strong electrical current is applied to alumina (refined from bauxite) which removes oxygen. In Hall’s experiments as in today’s largest smelters, there is a carbon material that burns during the process, producing greenhouse gases. The new method replaces that carbon with an advanced conducive material. Instead of carbon dioxide, it releases oxygen. This major discovery promised a huge environmental impact. To speed things up, Alcoa realized they needed a partner. Here Apple played a big role: David Tom, Maziar Brumand and Sean Camacho of Apple’s business development department introduced Rio Tinto to Alcoa. What follows that meeting is history unfolding. The future looks greener thanks to...

Celebrating 20 years, Yardi Canada has come a long way. As a leading innovator that delivers technology solutions to move the Canadian real estate industry forward, Yardi Canada focuses on helping clients thrive through every change. We caught up with a few of Yardi Canada’s leaders to learn more about the company’s evolution. From DOS to Windows to Internet based web apps to mobile apps and now on to artificial intelligence, Yardi has always been there with a solution for its clients. Here are a few technological highlights from the past two decades. A Unique Market Mobility and the cloud might reign now, but it all began with DOS. Introducing real estate companies to new technologies to improve business operations has never been an easy task. As Canadians, we tend to be a little more conservative when it comes to change. However, Peter Altobelli, general manager and vice president of sales for Yardi Canada, found it was easy to bring Yardi’s three DOS products to market: Yardi Basic, Yardi Deluxe and Yardi Premier. “DOS was a great product to implement since it was reliable, simple and easy to use. It was a technology that property managers understood. Plus, it had all these great shortcuts, because we didn’t have a mouse back then,” recalls Altobelli. Altobelli set up Yardi’s first office in Canada in 1998, which started with four people and now has grown to a staff of over 200. Today’s multitasking generation, accustomed to multiple windows and screens, would feel restricted with a DOS platform. But back then, users could accomplish single functions at a time quickly and efficiently. It was exactly what the industry needed as a catalyst towards more technology and innovation. Moving to the Internet At every innovative milestone, Yardi Canada...

Last year was the most significant year for commercial drones yet. More than 66,000 remote drone pilots were certified by the FAA in 2017 in the U.S. alone. Drones made their way into a diverse range of industries, from archaeology to construction, insurance to agriculture. Of course, millions of dollars have been invested in drone services, but Goldman Sachs estimates that the commercial drone market industry will surpass $20 billion by 2021. One of the hottest drone products of the moment is the mapping service. DroneDeploy, a company founded in 2013, recently launched Live Map—the world’s first software able to generate drone maps in real time. Usually, creating a drone map takes time—first you have to plan a mission, fly, capture imagery, go back to your desk to upload the data on your computer (it must be a suitably powerful computer) and then play the waiting game. For hours. With the new service, those hours of waiting disappear—even without a laptop or even internet connection, you get the data you need immediately. The steps are simple: plan a flight, take off, look at maps render on-screen during flight. That’s it. Hundreds of acres of land can easily become consumable maps, shareable to collaborators via instant cloud-syncing across devices. Thus, if more in-depth analysis is required, users can also create higher-resolution 2D maps from the same flight data. Live Map is the next-generation product of Fieldscanner, but it’s five times faster, which makes it capable of keeping up with the real-time challenges of the real world. “Hours of waiting for crop imagery are over. We can capture real-time data in seconds without an internet connection, and begin making smarter crop management decisions before the drone hits the ground,” says Justin Metz, technology integration specialist at...

Developers, property owners and architects have a new tool available for building design. The Virtual Building Service, an innovation from Budapest-headquartered EIT Digital, creates digital simulations to test and optimize people flow and building occupancy. IBM and KONE, a company that specializes in the elevator and escalator industry, have partnered in the initiative, with KONE acting as business owner and activity leader. The service is designed to make it easier for real estate professionals to design buildings that are financially attractive, while maximizing shared spaces. Simulation data will be collected in real time by sensors, while new facilities will have to rely on input from previous studies. “Our simulation capability is much improved. We can, for example, simulate people flow in the lobby of an office building; understand how that might look along with the waiting times for the elevators,” said KONE’s head of People Flow Optimization Juha-Matti Kuusinen. “Not only can we calculate a building’s efficiency, but we can also benchmark it with similar buildings and conclude if the building is performing very well or if there’s room for improvement.” KONE had focused its efforts on vertical efficiency, such as people moving from floor to floor. In tall buildings, elevator group control systems select which elevator to dispatch to each request, aiming to minimize waiting times. These systems could be upgraded by forecasting future traffic based on historical statistics. “We realized, however, that if you don’t design end-to-end people flow, including the horizontal people flow, it is difficult for our customers to judge whether their buildings are really efficient. This is why we started to explore the optimization of the total people flow, combining both the horizontal and vertical dimensions,” added Kuusinen. Tarmo Kekki, executive partner at IBM, said the simulator is a...

When conversation shifts to home automation, references to Millennials are rarely far behind. While it’s true that the emerging generation of homeowners loves their tech toys, they aren’t the only ones harnessing the power of smart home technology. Senior living providers have joined other industry leaders in the pursuit of more automated options for residents as well. Amazon + Senior Housing Amazon has made huge strides as a provider of integrated automation and voice control for major home builders across the industry, including prominent developers Lennar and Shea Homes. Communities created by these companies are part of a growing “Wi-Fi Certified” trend, offering housing with built-in automation and voice control. For seniors, that means controlling features within their homes and interacting with the outside world is simplified, thanks to voice commands. Enabling the integration is Amazon’s Alexa, a cloud-based virtual assistant, which appears in various forms throughout the homes. She’s most often takes shape as a sleek, tabletop pillar in the Echo line of products. Through Alexa, seniors can set reminders for appointments and medications; control music and home ambiance; check weather; get news and sports updates; and order just about anything fathomable on Amazon.com. Amazon Echo Dot speakers permit seniors to access Alexa anywhere in their home. They also serve as Bluetooth speakers that are capable of connecting to a myriad of seniors’ personal devices. With so many ways to integrate, Amazon’s variations on Wi-Fi centric homes are quickly becoming the new standard for incoming baby boomers, but the tech toys come with a few caveats. Too Smart for Its Own Good? As technology develops at a rapid pace, home builders are left wondering just how quickly their newly installed gadgets will become obsolete. Alternatively, what are the costs associated with staying up-to-date...

A group of real estate industry thought leaders, including Yardi’s Brian Sutherland, exchanged thoughts on emerging real estate technologies in a recent Realcomm-hosted webinar. With the “explosion” of solutions to choose from, “it’s challenging to know which one will help operationally, increase the bottom line, reduce costs and serve customers,” said Sutherland, industry principal for Yardi Elevate. Some of them, such as coworking, didn’t exist only a few years ago. While buyers benefit from a number of innovative options, he noted, rapid obsolescence and change management challenges present potential pitfalls. Sutherland also addressed technology innovations that support facility and construction managers, leasing agents and property-level users in new and meaningful ways. “They want a solution that’s designed for them and which connects them to the central data system with mobile applications and dashboards. That’s why we created a connected ecosystem for the operations side [with Yardi Elevate},” he said. Expanding data access to the back office is tied to the larger issue of data management, Sutherland said. “The challenge is dissecting data and making it actionable for informed decisions. That’s the importance of role-based dashboards that remove guesswork for building operations people who need to control costs and work more efficiently.” Other participants in the webinar included Chip Pierpont, director of innovation, performance and technologies for the U.S. General Services Administration, which manages property for the federal government. GSA sees energy consumption analytics as a “pristine opportunity to engage in a new way to operate” to meet federal government energy reduction targets,” Pierpont said. GSA continues to seek ways to use energy analytics, retrofit equipment and incorporate additional sensing capabilities in its buildings. Pierpont also emphasized the importance of managing data, not just collecting it: “No matter how much data you have, if it’s...

When it comes to shared workspaces, we know technology is a major driving force. Today we look at some of the most important workspace technology trends shaping the coworking industry. The Internet of Things What is the IoT? Basically it is the connected amenities we use daily to send and receive data. The IoT includes physical devices such as virtual assistants, vehicles, appliances, smartphones, and just about anything else you can think of. Like this Forbes article suggested nearly 4 years ago, anything that can be connected, will be connected. What do we want in a coworking space? Smart connections. Building community. Enhancing relationships. The IoT improves the atmosphere and the benefits of a shared workspace. IoT powers meeting spaces, runs automated coffee machines, controls keyless access systems, promotes energy saving and much more. The uses of IoT are endless and only growing. By 2020, the number of connected ‘things’ is expected to reach 50 billion, and an estimated 99% of those ‘things’ can be further optimized. 94% of offices that chose to implement the IoT have already seen a return on investment. The future is only going to bring wider implementation of the IoT in shared workspaces. Mobilization Just about anything can be done via a mobile device today. And in the very near future, that ‘just about anything’ will become ‘literally everything’. Mobilization of our world is happening faster than any other aspect of our business lives. You can successfully run your coworking space from anywhere in the world via mobile phone, laptops, tablets, and more. This is allowing operators to work on expansion, design concepts, marketing, and many other aspects of running a workspace while the day to day running of the space basically runs itself. There’s so many coworking-relevant apps that it can be hard...

In 2017, Yardi sponsored a survey of hundreds of real estate professionals across Asia as well the subsequent report on the survey findings. Completed by Asia real estate business intelligence source Mingtiandi, the report examines the state of technology in Asia’s real estate industry – and looks at where it’s heading. According to the report, property management technology has seen a global investment of $7.8 billion since 2013, with 60% of that investment going into Asia. Despite such hefty figures, up to 77% of Asia’s real estate professionals feel that they’re lagging technologically, citing the overwhelming reason for the region’s slow adoption of technology as resistance to change. Staying ahead of the game over the next five years will mean that managing human behavior, alongside investing in technology, will be crucial for companies looking to drive success through integrated, cohesive data and operations. Read the report executive summary and stay tuned for updates on the Yardi/Mingtiandi...

Commercial real estate education and event organization the Realcomm Conference Group LLC (Realcomm) celebrated its two-decade milestone by honoring 20 visionaries at its annual conference in Las Vegas. The prestigious group of honorees included Yardi founder and president Anant Yardi, who received a Lifetime Achievement Award recognizing his career-long accomplishments in real estate and technology. Realcomm also recognized the following industry leaders: Jesse Carrillo, SVP and CIO, Hines; Dave Clute, Chief Marketing Officer, ESD; Maureen Ehrenberg, President, Global Integrated Facilities Management, JLL; Robert Entin, EVP and CIO, Vornado Realty Trust; John Gilbert, EVP, COO and CTO of Rudin Management; Mark Golan, VP of Real Estate and Workplace Services, Google; Don Goldstein, former SVP and CISO, Digital Technology, CBRE; Hari Gunasingham, Founder, Sigma Sustainability Institute; Tama Huang, Principal and Global Real Estate Advisory Services Leader, NOI Strategies; Sandy Jacolow, CIO, Silverstein Properties; Ted Maulucci, President, SmartONE Solutions; Scott Morey, Executive Director of GPG Advisers; Paul Oswald, Managing Director, CBRE; John Petze, Principal, SkyFoundry; Wayne Pryor, Principal, 2Five1 Consulting; Joseph Rich, SVP and CIO, Related Companies;  Darrell Smith, Director, Central Facilities Operation of Google; James Whalen, SVP and CIO, Boston Properties; Scott Zimmerman, CIO, CenterPoint Properties. The award criteria included consistent focus on real estate innovation and contributions to the industry for more than 20 years. Mr. Yardi founded his company in 1984 in Santa Barbara, Calif. Since then, it has become a global real estate software leader, and now has over 6,000 employees in 40 offices worldwide. “Anant is a constant supporter of Realcomm’s vision for uniting technology, innovation and real estate operations. His thought leadership, service to the industry and technology innovation over the years have been profoundly impactful,” said Jim Young, co-founder and CEO of Realcomm. “Realcomm has done a remarkable job enhancing...

During the recent Argentum Senior Living Executive Conference in San Diego, sociobiologist  Rebecca Costa shared scientific breakthroughs that are prolonging the lives—and quality of life– for seniors. Preventing Falls In seniors, falls are directly linked to shorter lifespans. The Center for Disease Control (CDC) reports that the death rate from falls among adults ages 65 and over has increased 31 percent from 2007 to 2016. The rate is growing the fastest among seniors aged 85 or more years. Understanding the cause of falls has helped researchers develop tools to prevent them. An article in the National Library of Medicine National Institute of Health reveals that changes in gait are the predecessors to falls. Gait disorders are often indicative of lesions in the nervous system, adverse side effects from medications, the onset of dementia, or misalignments within the spine, hips, or knees. With advanced technology called predictive analytics, caregivers can now foretell when a person is going to trip within three weeks with 86 percent accuracy. Sensors attached to the senior or the senior’s support mechanism (such as a can or walker) can detect a 3-5 centimeter per second change in gait, walk or stride. This information is then sent to caregivers in the form of a digital alert. The information sent by the sensors can help caregivers determine the best method of treatment for the senior. Treatment could include physical therapy, alterations to a sedative prescription, or tests for brain and nervous system health. By preventing falls through Predictive Analytics and accessories, seniors can avoid assisted living for up to four years. Nanobots Promote Health from the Inside, Out A post released by the World Economic Forum explores how nanobots are being used to fight cancer. Nanomachines, or nanobots, are robots made of organic,...

One of the most innovative programs on the UC Santa Barbara campus, the Technology Management Program (TMP) benefits students, employers, and the community at large. The TMP focuses on practical applications of tech and engineering skills in the workplace, and now offers a fast-tracked master’s degree program for those wishing to further their education. “We think we have a very unique program that is designed to accelerate how quickly an early-career engineer or scientist can become a leader in a technology company, by emphasizing human capital skills like communication and leadership,” said David Telleen-Lawton, Career Development Manager for the TMP. In the process of developing the Masters in Technology Management (MTM) track, a team from TMP conducted extensive market validation research, including speaking with executives at 24 local, Bay Area, and Southern California tech companies, including Yardi (pictured), to determine what skill sets and educational backgrounds were most needed. “We learned that companies need more software developers. They also told us that they could not find enough technically trained people that would take initiative. They need people who see the bigger picture and realize that the organizational problems are often more intransigent than the technical problems,” Telleen-Lawton shared. The MTM team also met with potential program students, where they learned that interest in the program was not just from engineers and scientists, but others with non-technical degrees already or wanting to work in the tech space. As a result, the MTM “is a curriculum of leadership skills for those who are comfortable working at fast-moving technology companies,” Telleen-Lawton said. The nine-month program is designed to quickly return students to the job market after packing in a year of management-level education focused on business, leadership, human resources, and product marketing. TMP leaders are proud to...

“CRE Tech Industry—Boom or Bust?” was the question posed in a recent Realcomm-hosted webinar. The answer will depend on technology providers’ ability to differentiate themselves and deliver solutions that create value for building owners and operators, according to a panel of real estate technology suppliers, investors and users including Yardi’s Alex Stanton. The five webinar panelists agreed that the commercial real estate industry historically has been slow to innovate its asset management technology. In recent years, however, competitive, regulatory and sustainability pressures have generated a sense of urgency among property owners and managers to regard technology as a strategic ally. Stanton, Yardi’s regional director for commercial sales, noted that generic enterprise management platforms have evolved to accommodate procurement, energy management, coworking and marketing, paralleling the morphing of “lease” from basic tenancy to include amenities and online self-service options. “As a provider of transaction-enabling technology, Yardi aims to create deep transactional functions that can be embedded into the core technology platform,” he said. John Gilbert, chief operating officer and executive vice president of New York City property owner and manager Rudin Management, said his company invests in technology startups and even spun off its own software company. He likened technology to a construction project: “When building a structure, we dig a hole and pour a foundation. Property owners should look at technology adoption exactly the same way. I don’t want 20 more silos with 20 new technologies. All data collected should go into a central, integrated platform that can make the building run more efficiently and be smarter.” This approach will “future-proof” buildings and create value by correlating data that’s already being collected. Will O’Donnell, a senior vice president at logistics real estate leader Prologis Inc., noted that the difficulty of adopting new technology can...

A key investment management trend over the past few years is the increasing demands limited partners (LPs) are placing on their general partners (GPs) such as additional key performance indicators, fee disclosures, or a more active relationship, among others. Changes in the relationship between LPs and GPs involved in real estate investment, the maturation of the investment management industry and increasing sophistication of asset aggregators are some of the principal factors. Co-investment came into favor as a strategy for LPs, creating new challenges even as it solved others. In this new paradigm, advancements in investment management technology is key to making a potentially fraught relationship work for both sides. Analyzing opportunities and performance has created new challenges for LPs and GPs involved in private equity real estate investments. For example, LPs often request different standard data than GPs are accustomed to using; GPs must produce custom data extracts for each LP, a cumbersome and time-consuming exercise. For their part, the LPs often struggle to compile and aggregate data from GPs in analyzing their investments. With these challenges, many LPs and GPs are seeking new tools for collaborating and managing their real estate investment activities. One increasingly popular option involves employing a single connected platform that draws information from disparate data sources and aggregates complex ownership structures.  Such a platform provides clarity into investment programs, manages risk and allocation, and easily calculates returns and compares them to benchmarks. This approach can improve deal tracking, communication and investment decisions for LPs and GPs. Unifying operational and financial data within a single platform helps GPs by automating the complex accounting transactions associated with fund management. They can more easily manage complex ownership structures, consolidate financials and report to investors. Capital calls can be timed to up-to-the-minute operating...

The iPhone is Apple’s most popular product, with superb design and flawless operating system. The Mac is a beautiful and powerful machine that turns working into fun. iPhones and Macs, as members of the same product family, communicate nicely through continuity module, but there’s one more thing that could make the experience even better. In fact, Apple users have been dreaming about this for a very long time. The unification of iOS and macOS becomes a dream as soon as one joins the ranks of Mac users. It’s sad to see how few apps made it to the Mac thus far. Since last December, rumor has it that Apple is almost ready to fulfill this desire. A Bloomberg report claims that Apple has an internal project, dubbed Marzipan, that seeks to make it possible for app developers to publish apps that will work on both the mobile iOS devices and on Mac computers. But here people have different opinions on how, if at all, this will roll out. Blurring the lines between iOS and macOS is anticipated to occur this year at the next major software kicks in. If Apple decides to stick to its usual release pattern, we’re looking at iOS 12 and macOS 10.14 (some say that Apple might even rename it all together and go with macOS 11 for such a big update). The update is anticipated to be launched at WWDC in June, following to launch to the public in September. Until then, we will stockpile our questions. The first set of questions that comes to mind has to do with the concepts of each OS: iOS doesn’t have a mouse cursor and runs only on touchscreen devices, while macOS has no support for touchscreen devices and needs a mouse...

It’s an exciting time for the condo industry in Canada. Facing tech disruption, new building, increasing regulation and competition, condo companies need to rethink — and even reinvent — the way they do business. To improve operational performance and increase NOI, condo managers need software platforms that deliver actionable analytics and integrated online services. A Market on the Move  As revealed in the PWC Emerging Trends in Real Estate 2018 report, the condo sector in Canada is seeing steady demand in most markets. In downtown core areas, condo units remain attractive to young professionals with a live/work/play lifestyle, along with retiring baby boomers who are downsizing from single family residences to enjoy urban amenities. The condo industry is also evolving in response to new needs and pressures. Whether there isn’t enough supply to meet demand or oversupply is finally being absorbed, condo managers need a profitable strategy that suits every scenario — including new projects such as popular multiuse communities that are driving density in city centers. These trendy new communities combine a mix of condo units with retail, a range of services and commercial space. Beyond the concept of mixed use, these “developments-as-neighborhoods”  recognize the demand for a community infrastructure that includes schools, parks, shopping and medical services that consider needs of young professionals, young families and older residents, too. According the PWC report, “The age of the shrinking condo may be coming to an end: units are starting to get bigger, reflecting the needs of families and move-up buyers.”  Tip #1: Go Paperless and Save  To be more agile in a changing market and transform operations to be more profitable, you have to say goodbye to paper. By streamlining invoice processing and centralizing spend management with automated online approval workflows, you ensure...

If you lived through the Google Glass launch and decided that smartglasses are not a device you would use every day, you might consider changing your mind. Intel’s development team has been busy and has something new to share. In an exclusive arrangement with The Verge, Intel showcased the new Vaunt gadget, a piece of tech that doesn’t scream at you ‘tech.’ They’re probably the closest thing to regular pair of eyeglasses and come in several styles, work with prescriptions and can be worn all day long without having your nose or ears get numb. Intel’s New Design Group (NDG) boast a simple interface, minimal design and a non-intrusive notification system, just the features to make the world have a second look and maybe bring the smart eyewear to the mainstream. Weighing almost 1.8 ounces (50 grams), the Vaunt glasses have plastic frames, which make lighter than most of the smart glasses and AR headsets out there, and most importantly, they feel like a regular pair of specs. At a first glance, nothing ‘smart’ really stands out—there are no visible camera, buttons or touch controls—which is ironically a plus. Intel learned from its predecessor (Google) that these elements are driving people away. The Vaunt’s technology is made by Intel, as are the chips and application processor. At the moment, the smartglasses are designed only to display notifications and basic information directly into the user’s eyes. Think text messages, recipes and directions, but following the launch, developers will come up with new apps serving various purposes. Let’s get back to the ‘directly into the user’s eyes’ part—Vaunt works by the means of a Vertical Cavity Surface Emitting Laser (VSCEL) to project information onto a reflector onto a reflector on the right lens, which in turn...

At the beginning there were fitness wearables. They slowly transgressed into fashionable wearables and now can be seen in many industries. These days, the tiny devices, once strapped around the wrist, can be found all over one’s body, including on your fingernails. “We’re seeing lots of not obvious usage scenarios, but once you start to really think about it, it makes perfect sense,” Brian Blau, research vice president for personal technologies at market research firm Gartner, said in an interview from CES. Here’s a list with some of the most interesting ones out there: L’Oréal UV Sense Among the smallest wearables out there, L’Oréal’s UV Sense is a UV sensor that sticks to your fingernail. It comes with replaceable adhesives, but one can easily stick it to other items, like your watch or sunglasses. Thanks to its NFC feature, in order to access the data it collects, scanning it with the phone is all that’s needed. As you probably guessed, it helps people track how much time people spend in the sun without being overbearing. UV Sense will determine how long you’ve been out in the sun and once synced with your app, displays a score that shows if you’ve spent too much time under the sun’s powerful rays. Because everyone can handle different amounts of sun, the app will ask some initial questions about your skintone to set a baseline. In addition, it can also recommend products based off your skin score. LIZN Hearpieces Another medical aid presented at CES comes from Danish company LIZN. By mixing advanced hearing aid technology and cell phone components, the company built a product worthy to be named a CES Innovation Awards Honoree this year in Las Vegas. The earbuds, equipped with Bluetooth compatibility (great for listening...