Do you operate and manage a property or even a portfolio? You may be responsible for maintaining a portfolio of 1,000+ retail branches, or providing adequate and practical workspaces to occupants across a 20 storey office building or managing critical plant such as chillers and boilers across your major properties. If you haven’t explored what the Internet of Things (IoT) can do for you, it’s likely that your operational costs on resources, utilities and maintenance is higher than what it has to be.
With IoT, it is possible to monitor virtually any part of your portfolio, benchmark every asset on a centralised platform and implement control strategies that can be applied to every property. If you considering how to implement IoT in your portfolio but don’t quite know where to start, refer to the slideshare below where you’ll learn 10 steps on what to consider and the process of undertaking a low risk small scale pilot.
If you’d like further detail, feel free to download the extended version on www.intellink.com.au/free-ebook/.
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3. But with so many different technologies and properties,
Where precisely do we Start?
4. STEP 1
STRATEGY STARTS
WITH CLEAR GOALS
Align your IoT Strategy to support
your corporate goals. Identify
areas that lack meaningful data
and explore ways IoT can add new
insights to that specific area.
5. STEP 2
TO MAXIMISE IOT,
BE PREPARED TO
LEVERAGE THE DATA
Focus your IoT Strategy to generate
data that is easy to access, available
in real time, targets major parts of
your portfolio and gives you greater
ability to apply follow-up action.
6. STEP 3
HAVE CLEAR AND RELEVANT
METRICS AND BENCHMARKS
Set similar metrics and benchmarks so
measuring the effectiveness of your IoT
Strategy aligns with your portfolio activities.
7. STEP 4
KEEP YOUR EYE ON THE PRIZE
Categorise each property type, identify the
gap between poor and best performing
properties and focus on the biggest
opportunities across the entire portfolio.
8. STEP 5
OBTAIN EARLY STAKEHOLDER SUPPORT
Clearly paint the big picture and outline the opportunity. Start with small and clear
outcomes and propose a small low risk pilot to prove the learnings.
9. STEP 6
SCOPE UP A VERY NARROW AND FOCUSED PILOT
Focus on demonstrating benefits. Avoid detailed discussions on
infrastructure, security and corporate risk and set clear
expectations on what’s required from stakeholders.
10. STEP 7
OPERATE WITH SPEED,
SIMPLICITY AND SCALABILITY
Remove anything that doesn’t support these
three core rules and if necessary, be prepared
to pay slightly more for clear pilot outcomes.
11. STEP 8
DON’T BE DISTRACTED BY
THE NOVELTY DEVICES
New IoT technologies are created
everyday promising new wonderful
features. Don’t be distracted by this,
focus on reaching the outcome.
12. STEP 9
THE VALUE OF DATA WILL NEVER BE GREATER THAN THE
ORGANISATION’S DATA MATURITY
Data is a prominent source of disruption and enabler for optimisation. If you are
not investing in your own data maturity and capabilities, you will get left behind.
13. STEP 10
COMBINE SOLID
SHORT TERM
FOCUS WITH
AMBITIOUS LONG
TERM GOALS
IoT should be viewed as a
long term journey where
maximising its value
includes gradually
building your internal
skills and capabilities.
14. Intellink is a pioneering technology services
company specialising in delivering expert Internet
of Things and Big Data solutions to the property
industry and coaching clients to implement
strategies that maximise performance across their
property portfolios.
If you’re interested in the eBook covering each of
these steps in greater detail, download it for free
at http://intellink.com.au/free-ebook/ or contact
us on info@Intellink.com.au.
DOWNLOAD YOUR FREE EBOOK