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The critical role of data governance in corporate real estate
Corporate Real Estate Journal,
13
(1),
23-31
(2023)
Abstract
What is the role of data governance in today’s corporate real estate (CRE) organisation? This paper aims to lay out the importance of following a proven approach to developing a data strategy, advancing data maturity, developing critical data analytics and meeting the increasing pressure for accountability in CRE operations. The reader will learn about familiar challenges and the importance of aligning cross-functional data in order to guide your organisation on a road to both efficient return on investment (ROI) within your portfolio and compliance with the ever-increasing regulations being imposed on the CRE profession. This paper clearly lays out a roadmap for a journey towards successful data governance, or if you are already on that path, a validation of where you are on the maturity curve.
Keywords: data governance; data strategy; data maturity; analytics; ESG
The full article is available to subscribers to the journal.
Author's Biography
Phil Wales Founder and CEO of EBUSINESS STRATEGIES, LLC, knows that corporate real estate organisations prosper as they apply leading business practices and technology solutions to their business. Phil grew up in the real estate industry, starting as an architect and then moving into technology and process consulting for corporate real estate organisations that are complex and capital-intensive, helping them manage their operations more effectively. His client list is extensive and spans industries, including Amazon, Starbucks, AT&T, Chevron, ExxonMobil, Nokia, Ford, ConocoPhillips, City of Houston and the U.S. General Services Administration. Accumulating more than 38 years of diverse client and industry experiences, numerous industry honours and thought leading expertise, Phil recognises that successful organisations create high-performance environments that effectively align to overall corporate goals and objectives. He has built a customer-centric company and has an industry-wide reputation for helping people and organisations to transform their businesses. Phil is a proud graduate of Texas A&M University, with a B.S. in zoology, a Bachelor of Environmental Design and a Master of Architecture. Phil is a prolific writer and speaker, having written over 40 articles and feature pieces and spoken at corporate real estate (CRE) and facility management (FM) conferences over 20 times since founding EBUSINESS STRATEGIES.
Johan Wessels is the Senior Vice President of Strategic Advisory Services at EBUSINESS STRATEGIES and is the practice lead for their CRE Data Services. Johan has considerable experience in guiding clients on their digital transformation journeys and supporting them with building their organisation and technology capabilities and skills to meet their strategic and operational workplace goals. This includes supporting the development and implementation of data management practices, aligning business processes to drive data quality, building individual and team competency, identifying and addressing legacy data challenges, and implementing technology solutions with associated data migration and integration. Johan is an accomplished industrial engineer and management consultant who has guided and supported the delivery of projects for numerous Fortune 500 companies, domestic and international, within various industries including oil and gas/energy, financial, auto, fast-moving consumer goods (FMCG) and government. Johan holds industrial and mechanical engineering degrees from the University of Stellenbosch, South Africa.
