Blockchain will heat up your document strategy
All for one and one for all
Looking well beyond the next quarter
Millennia Group just wrapped up being a sponsor and participant in the 19th annual Realcomm IBCON tradeshow in San Diego. This is a show dedicated to the understanding and use of technology in the commercial real estate industry. As one might expect for a technology show, there were some familiar topics including robotics, artificial intelligence, blockchain, virtual reality and renewable energy.
The current news touches on these topics, but from a different angle; the death of the retail industry, the reshaping of office workers and their environments and Amazon warehouses – they’re popping up everywhere. After 19 years of participating in this industry trade show, it is still very clear, there is a long term focus in this industry, well beyond how these external forces will impact the next quarter.
Based on the content of the breakout sessions at the show,…
The Next Big Thing
Poor Man’s Business Intelligence
During a recent lunch conversation a comment was made about the great benefits of business intelligence (“BI”) – a tool used to connect lots of information dots to generate useful data. However, that was quickly followed by a second comment about the often failed attainment of those benefits. The culprit seems to be bad or incomplete historical data, ie data stuck in documents or inconsistently entered data.
Another discussion at this lunch centered on co-tenancy, a complicated topic that impacts the commercial real estate industry. As an example, a co-tenancy clause could allow one tenant to reduce its rent if another, typically significant, tenant exits the property. The significant tenant is a draw to the property that benefits other tenants. So how do these two topics…
There is Not a Single Piece of Paper in This Document Warehouse
One of the main industries that Millennia Group supports is the commercial real estate industry. I am sure that this industry shares traits with many other industries in terms of technology solutions, things like single sign-on requirements, transitioning to cloud based email and new uses for CRM.
Another area that all industries have in common, and it is not a new problem, is called “silos of data.” This is a situation where different sets of data reside in different applications or locations. The problem is that sometimes you need data from several of these “silos” to solve a problem or answer a question and the silos don’t always talk. The answer to this problem has been the proliferation of data warehouses or business intelligence applications. These applications aggregate copies of data from many other applications into the warehouse and allow searching and slicing and dicing of data to get…