The initiatives that are most often suggested for applying big data and analytics to real estate are energy management and equipment monitoring analysis.  These initiatives can be incredibly valuable, but they only address operating costs and they often require significant implementation costs, including investment in sensors.  Another popular analytics initiative, capturing real-time space usage, can also require additional investments in sensors.

Core Planning provides another way to apply analytics to your real estate.  Compared to energy and maintenance initiatives, Core Planning can provide more significant returns with significantly less implementation.

Many software vendors claim their solutions optimize space usage. In complex situations such as campus and regional plans, it is more likely that they are “improving” space usage, not “optimizing" it.  With many different ways to relocate workers, free up vacant space, and dispose of it, planners may be overlooking ways to save even more money and improve productivity.

With its mathematical search algorithms, Core Planning builds on opportunities other systems find by searching through the alternatives to find the best ways to capitalize on these opportunities.  For example, on one regional plan we had 3,600 workers located across 17 properties, which included 9 lease expirations and 4 cancellations options. Core Planning identified an overlooked solution that saved an additional $1 million, reduced capital investments, and kept more workers in the suburbs where they wanted to stay.