How AI Is Transforming Corporate Real Estate: Efficiency and Experience
Source: theglobeandmail.com
Corporate real estate is undergoing a massive shift. Artificial intelligence is no longer a futuristic concept; it's actively reshaping how businesses operate and how people experience their workplaces.
Decision-makers are increasingly focused on leveraging intelligent technologies. They want to enhance efficiency, empower employees, and adapt to evolving business models.
Investment in AI InfrastructureReal estate leaders are boosting investments in AI infrastructure and training programs. They aim to navigate challenges and capitalize on opportunities within this evolving landscape.
According to Ram Srinivasan, managing director at JLL, AI is becoming the core operating system for work and workplaces. JLL's 2024 Global Future of Work survey confirms this trend.
AI Benefits: Smarter, Greener, Human-Centered BuildingsThe survey revealed that 90% of companies are investing in AI solutions. Srinivasan emphasizes that AI should be viewed as a powerful tool, not a threat.
It can make buildings smarter, greener, more efficient, and more focused on human needs. JLL offers AI platforms to help clients in key areas.
Priority Areas for AI ApplicationEmployee experience, energy management, and cost optimization are key areas. Srinivasan says that creating state-of-the-art office spaces is a rising priority.
AI can significantly enhance workplace performance by boosting productivity and well-being. It also helps attract top talent.
The Personalized WorkplaceAI will power personalized workspaces tailored to individual needs. This enhances performance, well-being, and connection. However, Srinivasan cautions against simply deploying AI tools without proper training.
Upskilling employees is crucial to realize a return on investment. Intelligent buildings combine AI with the Internet of Things for efficient and comfortable spaces.
Sustainability and Energy ManagementTenants and landlords want solutions to reduce the environmental impact of buildings. AI can drive sustainability efforts.
Energy management is critical for organizations aiming to cut carbon emissions. AI-enabled technologies provide insights to optimize heating, ventilation, and air conditioning systems.
Cost Optimization Through AIAI offers solutions for cost optimization across corporate real estate functions. As prices rise, organizations use building and occupancy data to gain actionable insights.
This leads to tangible ROI through reduced waste and increased operational efficiencies.
Overcoming Challenges and Embracing ChangeCorporate real estate needs to address challenges to fully leverage AI. Srinivasan highlights the need for a behavioral shift.
It's important to overcome resistance to change and recognize that AI is transforming industries, workplaces, and cities.
Upskilling for SuccessOrganizations must prepare individuals and teams for success through AI upskilling. Practical training is essential for achieving results.
AI's impact is massive. It's redefining how corporate real estate operates, making it crucial to adapt and embrace these changes.