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Data: Unlocking hidden insight and value across dynamic real estate portfolios
Corporate Real Estate Journal,
9
(4),
317-331
(2020)
Abstract
Data has revolutionised, and continues to revolutionise, all industries. Commercial real estate is no different. While some would argue that the industry is late to the data game, meaningful runway still remains. The data ponds associated with an organisation’s real estate portfolio are some of the most abundant sources of insight and value when data is captured, managed and assessed successfully. An ability to aggregate, store, combine and evaluate multi-sourced and multi-layered datasets is transformative. Such capability when coupled with predictive and prescriptive analytics tools and policies, is an accelerant for corporate efficiency and profitability. Data is the universal enabler of value when harnessed and leveraged effectively. Heightened precision produces powerful insights which drive agile decision-making. This paper discusses how utilising the right data combinations at the right time and in the right way will inform judgment and unlock unprecedented value throughout all levels of a corporation.
Keywords: enterprise value creation; spend optimisation; proprietary insight; analytics; portfolio data; alignment; strategy; informed/enhanced judgment; operational differentiation; sustainable savings
The full article is available to subscribers to the journal.
Author's Biography
Jarrod M. Patten founded and runs global real estate advisory firm RRG, the world’s leading provider of enterprise-wide lease audit and cost control solutions. He has served as the president and chief executive officer since inception. Jarrod’s professional career has been dedicated to the creation of real estate, management and data/technology solutions modelled to address the spend inefficiencies inherent to complex, dynamic and expansive global real estate portfolios. These industry-leading platforms improve the effectiveness of controls, increase operational efficiencies and align corporate strategies. Jarrods’s leadership, foresight and expertise have been critical drivers in the delivery material value to diverse, leading-edge organisations throughout the world. RRG is focused on driving cost efficiencies through the real estate and finance systems of private and public sector institutions. Through programmatic, recurring audits, RRG analyses extensive volumes of disparate operating trends, fragmented financial information and expense data sets to identify, support and model cost pass through inconsistencies and non-compliance. Through such formulaic audit analysis, RRG is able to generate material, sustainable cost savings through the recovery of funds across numerous cost segments. The proprietary audit services have been developed and refined to provide broad avenues through which to see, harness and interpret trends in both data and operating methodology in order to optimise portfolio structure, economics and compliance. RRG is uniquely positioned to service any organisation anywhere in the world. The integrated solutions will generate material, recurring cost savings regardless of the organisation, industry and/or vertical.
