--- title: Why Invest in Smart Building Software - Part 2 description: Real estate companies have been historically sheltered from technology driven disruption - but are now facing new challenges due to a variety of trends. The previous one size fits all mentality of commercial office space is unable to satisfy the dynamic needs of today’s workforce. image: https://blog.thoughtwire.com/hubfs/Stock%20images/Office/alex-kotliarskyi-361081-unsplash.jpg --- [![ThoughtWire](https://blog.thoughtwire.com/hs-fs/hubfs/Asset-19/ThoughtWire.png?width=585&name=ThoughtWire.png "ThoughtWire")](https://www.thoughtwire.com/) - [Smart Hospitals](https://thoughtwire.com/smart-hospital-products/) - [Smart Buildings](https://thoughtwire.com/smart-building-products/) - [Technology](https://thoughtwire.com/technology/) - [About](https://thoughtwire.com/about/) - [Resources](https://www.thoughtwire.com/smart-built-environment-resource/) - [Smart Resources](https://www.thoughtwire.com/smart-built-environment-resource/) - [Blog](https://blog.thoughtwire.com) - [News Center](https://blog.thoughtwire.com/news) - [Request a Demo](https://info.thoughtwire.com/demo) #### OverView Our HighIQ Smart Healthcare solution helps optimize the day-to-day lives of doctors, nurses, and clinicians at work. Find the right solution for your hospital. [Find Out More](https://www.thoughtwire.com/smart-hospital-products/) #### GET STARTED - ##### [Problems We Solve](https://www.thoughtwire.com/smart-hospital-solutions/problems-we-solve/) Solve your biggest challenges - ##### [Our Solutions](https://www.thoughtwire.com/smart-hospital-solutions/) Make your hospital smarter - ##### [Our Customers](https://www.thoughtwire.com/smart-hospital-solutions/customers/) Who we work with #### PRODUCTS - ##### [EarlyWarning](https://www.thoughtwire.com/smart-hospital-products/early-warning-application) Better predict patient deterioration - ##### [SynchronizedOps](https://www.thoughtwire.com/smart-hospital-products/synchronized-ops-application) Improve efficiency to reduce wait times - ##### [RapidResponse](https://www.thoughtwire.com/smart-hospital-products/rapid-response-application/) Respond to patients faster and better #### Overview Our HighIQ Smart Buildings solution empowers building owners and occupants to take control of their space. Find the right solution for your commercial building. [Find Out More](https://www.thoughtwire.com/smart-building-products/) #### GET STARTED - ##### [The Problems](https://www.thoughtwire.com/smart-building-solutions/problems-we-solve/) Solve your biggest challenges - ##### [Our Solutions](https://www.thoughtwire.com/smart-building-solutions/) Make your building smarter - ##### [Our Customers](https://www.thoughtwire.com/smart-building-solutions/customers/) Who we work with #### PRODUCTS - ##### [PrecisionHub](https://www.thoughtwire.com/smart-building-products/precision-hub/) Optimize building operations - ##### [@Work](https://www.thoughtwire.com/smart-building-products/at-work-application/) Improve tenant experience #### Overview Built using a super-fast graph database, our Digital Twin technology is at the heart of our applications. [Download e-book](https://info.thoughtwire.com/fp-opm-application-digital-twin-technology-ebook) #### GET STARTED - ##### [Overview](https://www.thoughtwire.com/technology) Connecting people and spaces for smarter built environments. - ##### [Digital Twin Technology](https://www.thoughtwire.com/technology/digital-twin/) What is a Digital Twin? - ##### [Core Services & Connectors](https://www.thoughtwire.com/technology/platform-services) The foundation for smart built environments #### OVERVIEW At ThoughtWire, we’re on a mission to create Smarter Spaces by using powerful Digital Twin Technology to bring Built Environments to life. [FIND OUT MORE](https://www.thoughtwire.com/about/) #### GET STARTED - ##### [Our Leadership](https://www.thoughtwire.com/about/leadership) Dedicated, focused and experienced executive - ##### [Careers](https://www.thoughtwire.com/about/careers/) You belong at Thoughtwire #### Find Out More - ##### [Ambiant Labs](https://www.thoughtwire.com/about/ambiant-labs) Making the art of possible come to life - ##### [News Center](https://blog.thoughtwire.com/news) Keep up with the latest ## [How Healthy and Resilient Is Your Building?](https://blog.thoughtwire.com/how-healthy-and-resilient-is-your-building) by [Christina Piruchta](https://blog.thoughtwire.com/author/christina-piruchta) on March 02, 2021 Top 3 Reasons Your Building’s Intelligence is Key to Your Safe Back-to-Work Strategy How would you feel if your building could assess sanitation and s\[...\] [Read more](https://blog.thoughtwire.com/how-healthy-and-resilient-is-your-building) ## [Poll Results: The Value Smart Buildings bring Occupants, Operators and Owners](https://blog.thoughtwire.com/value-of-smart-buildings-poll-results) by [Frans van Staden](https://blog.thoughtwire.com/author/frans-van-staden) on October 27, 2020 During our recent webinar, we asked our attendees a series of poll questions that cover three themes: 1. What makes a Building Smart, 2. The value a D\[...\] [Read more](https://blog.thoughtwire.com/value-of-smart-buildings-poll-results) ## [Expert Q&A: The Value Smart Buildings bring Occupants, Operators and Owners - Part 2](https://blog.thoughtwire.com/value-of-smart-buildings-part-2) by [ThoughtWire](https://blog.thoughtwire.com/author/thoughtwire) on October 12, 2020 Recently, we hosted a webinar with industry experts from Yorkland Controls, DB Engineering and Multiplex. Below is part two of two excerpts from our e\[...\] [Read more](https://blog.thoughtwire.com/value-of-smart-buildings-part-2) ## [Expert Q&A: The Value Smart Buildings bring Occupants, Operators and Owners - Part 1](https://blog.thoughtwire.com/value-of-smart-buildings-part-1) by [ThoughtWire](https://blog.thoughtwire.com/author/thoughtwire) on October 06, 2020 Recently, we hosted a webinar with industry experts from Yorkland Controls, DB Engineering and Multiplex. Below is part one of two excerpts from our e\[...\] [Read more](https://blog.thoughtwire.com/value-of-smart-buildings-part-1) ## [Evolution of the Real-Time Health System](https://blog.thoughtwire.com/evolution-of-the-real-time-health-system) by [Carly McLeod](https://blog.thoughtwire.com/author/carly-mcleod) on August 18, 2020 Health systems have evolved significantly with technology throughout the years, with each innovation aiming to reach a higher level of transformation,\[...\] [Read more](https://blog.thoughtwire.com/evolution-of-the-real-time-health-system) # Thoughts Over the Wire - [Events (24)](https://blog.thoughtwire.com/tag/events) - [Featured (68)](https://blog.thoughtwire.com/tag/featured) - [Smart Buildings (77)](https://blog.thoughtwire.com/tag/smart-buildings) - [Smart Hospitals (47)](https://blog.thoughtwire.com/tag/smart-hospitals) - [TW Team (31)](https://blog.thoughtwire.com/tag/tw-team) - [TWTurns10 (8)](https://blog.thoughtwire.com/tag/twturns10) [Back to Blog](https://blog.thoughtwire.com) # Why Invest in Smart Building Software - Part 2 By [Sandy Mangat](https://blog.thoughtwire.com/author/sandy-mangat)27, Nov 2018  A new real estate business landscape has emerged. In [Why Invest in Smart Building Software Now](https://blog.thoughtwire.com/why-invest-in-smart-building-software-now) - we explored why the time is now to take action and develop a data driven strategy to transform operations and keep pace with the disruptive forces challenging the norms of CRE.  Real estate companies have been historically sheltered from technology driven disruption - but are now facing new challenges due to a variety of trends - such as a younger, tech savvy clients, as well as the digitalization of every industry from insurance to mining and even law. The previous one size fits all mentality of commercial office space is unable to satisfy the dynamic needs of today’s workforce. In part 1, we discussed tech initiatives driving these changes, but what are the specific strategies of the technologies being implemented? Are they worth the hype? ![alex-kotliarskyi-361081-unsplash](https://blog.thoughtwire.com/hs-fs/hubfs/Stock%20images/Office/alex-kotliarskyi-361081-unsplash.jpg?width=600&name=alex-kotliarskyi-361081-unsplash.jpg) Let’s discuss tenant experience and the physical office space. Dynamic and flexible workplaces are the present and future - we see this through the emergence of open concept offices, interconnected meeting spaces, remote work, and other co-working spaces. With many options available to tenants (and their employees) - it is becoming more important than ever to provide a space that enhances creativity, collaboration, and ultimately comfort. Massive companies have already taken note of this - with the emergence of tech and aesthetic focused built environments such as Googleplex, Microsoft Campus, and the Apple Park. The physical office spaces can be the difference between attracting and retaining top talent or falling behind. Small and medium companies cannot build their own work environment - so they look to commercial real estate properties to accommodate their needs. Outdated properties will have to be rented at discount relative to the market’s newer, advanced work spaces. People have voted with their dollars that they want smart buildings - where they are able to control their environment temperature, lighting, mapping, and stay connected with their work space. For property managers and owners - these tech focused built environments can make their lives easier too - through cost savings, reduced delay in workflows, and real time monitoring of their property. There are many tech initiatives to choose from. The promise of IoT and big data has created hundreds of individual point solutions for energy efficiency, security surveillance, automation, and more. The premise certainly sounds attractive - but many of these solutions fail to address the ultimate desired outcomes - raise asset value through enhancing tenant experience, and cost savings. For now - there isn’t a 1:1 relationship of the promise vs what is technically feasible today. Many solutions end up as expensive “gimmicks” at worst or functional but incomplete at best; these systems can not effectively speak to one another or provide actionable insight. There needs to be a solution that connects the relevant systems and data to provide both owners/operators and tenants exactly what they are looking for - not a generic “one size fits all” solution. The key is data - the underlying unified data foundation enables a holistic solution that is flexible enough to grow as your priorities change. A new era of digital transformation of for real estate has arrived that combines the best elements of IoT with the end results that property managers and tenants actually want. Operations Performance Management (OPM) software has been successfully used in manufacturing, aerospace engineering, and more - to connect data points and bring real time insight to users. ![blockchain21-640x286](https://blog.thoughtwire.com/hs-fs/hubfs/Stock%20images/blockchain21-640x286.jpg?width=600&name=blockchain21-640x286.jpg) Now - ThoughtWire is bringing it to commercial real estate with our Smart Building Suite of applications. PrecisionHub for owners and operators allows full control and monitoring of your property, which realizes real cost savings through energy efficiency, improved operational workflows, and predicting/preventing costly equipment failures - such as an HVAC sub-system. Your building becomes safer than ever with real time way finding, and ability to remotely control the property in case of emergencies - such as lock downs and fires. Your tenants will be delighted with the @Work app - which provides them one touch control of their workspace through our mobile app. They can communicate better than ever with property management, stay connected with building events, and manage comfort settings on their own. An isolated point solution that does one of the aforementioned features, or a generic solution that does not allow actionable insight simply doesn’t provide the return or desired experience to be considered a smart building. It's time to enable operations performance management technology to do more with your data. [To register for our free webinar with Facility Executive - click here! ](https://register.gotowebinar.com/register/1735045136338336513) [Back to Blog](https://blog.thoughtwire.com) ### Schedule a Demo ## [![demo-cta](https://blog.thoughtwire.com/hs-fs/hubfs/demo-cta.png?width=250&name=demo-cta.png)](https://info.thoughtwire.com/demo) ### How do you connect the inside with the outside world? [![Video-smart-cities](https://blog.thoughtwire.com/hs-fs/hubfs/Web%20Images/Video-smart-cities.png?width=300&name=Video-smart-cities.png)](https://info.thoughtwire.com/mike-monteith-talks-how-smarter-buildings-are-the-key-to-smart-cities-opm-applications-bisnow) ### Find out how Hamilton Health Sciences is turning vision into reality  [![Case Study - Hamilton Health Sciences](https://blog.thoughtwire.com/hs-fs/hubfs/Asset%20Cover/Screenshot%202018-10-17%2009.45.18.png?t=1543257506419&width=280&name=Screenshot%202018-10-17%2009.45.18.png)](https://info.thoughtwire.com/fp-smart-hospital-case-study-hamilton-health-sciences-prevent-code-blues-calls)  ### Download the industry's first strategy blueprint for OPM [![OPM_strategy](https://blog.thoughtwire.com/hs-fs/hubfs/OPM_strategy.png?width=300&name=OPM_strategy.png)](https://info.thoughtwire.com/download-the-industrys-first-strategy-blueprint-for-opm-fp) ### Subscribe Thoughts Over the Wire to receive the insights on Operations Performance Management (OPM) ### Read more of what you like. ## [How can Occupants Return to Work Safely and Confidently Post-COVID?](https://blog.thoughtwire.com/how-can-occupants-return-to-work-safely-and-confidently-post-covid) ## [How Healthy and Resilient Is Your Building?](https://blog.thoughtwire.com/how-healthy-and-resilient-is-your-building) ## [Poll Results: The Value Smart Buildings bring Occupants, Operators and Owners](https://blog.thoughtwire.com/value-of-smart-buildings-poll-results) ![newsletter_bg](https://cdn2.hubspot.net/hub/2432204/hubfs/99%20Template%20Pack/newsletter_bg.jpeg?t=1540381063743&width=2000&name=newsletter_bg.jpeg "newsletter_bg") ## Get all News Updates to your inbox. 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