Download the full report by visiting: http://bit.ly/beyond-data-in-CRE
With data analytics, companies can turn data into actionable insights that can improve business performance. It has been a disruptive force in many industries, and has led to powerful shifts in how companies make decisions, innovate, strategize, and ultimately, gain an advantage over competitors. The potential for analytics in corporate real estate (CRE) is vast – but historically, CRE has not fully capitalized on the opportunity.
Learn about the evolution of analytics, potential applications of analytics in CRE, including the identification of operational improvements as well as strategic opportunities, and key steps for CRE leaders to follow to prepare their organizations to tackle analytics: http://bit.ly/beyond-data-in-CRE
Advanced Machine Learning for Business Professionals
Beyond data: The opportunity for analytics in CRE
1. Beyond data: The opportunity
for analytics in CRE
JLL CRE Data and Analytics thought leadership series September 2014
2. Data and analytics are
inextricably linked,
and together generate
actionable insights
and competitive
advantage
DATA ANALYTICS
ACTIONABLE
INSIGHTS
+ =
3. The emergence of analytics has two main sources
Increasing pressure and
competition for companies
Improved technological tools and
platforms
Complying with increasing
regulatory burden More data – from devices, newly
digitized datasets and more
Increased capacity and decreased
cost of storing data
Improved tools for deep analysis
Enhancing operational efficiency
Identifying opportunities for
revenue generation
Improving financial performance
4. Companies that are sophisticated in their use of analytics
have a proven edge over their competitors
According to MIT Sloan research, ‘analytical innovators’ (those at the forefront of using analytics
to create a competitive advantage) are now more likely to use data and analytics to generate
insights and identify strategic opportunities, rather than solely focusing on operational issues
Early adopters of analytics are:
as likely to be
in the top quartile of
financial performance
within their industries
as likely to make
decisions much faster
than market peers
as likely to execute
decisions as intended
2x 5x 3x
5. The opportunities for analytics in CRE
fall into two main areas
Operational
Efficiencies
Strategic
Opportunities
6. Achieving operational efficiency in CRE
Using analytics, such as predictive modelling,
to tackle operational issues and drive
significant efficiency gains
7. Identifying strategic opportunities in CRE
Using analytics to predict future trends,
generate previously inaccessible business insights
and identify strategic opportunities
8. Identifying operational efficiencies and strategic opportunities
has always been at the heart of CRE activities…
However, using sophisticated analytics tools will extract
more meaningful insights, facilitating better informed decision
making
9. Three key steps that can maximize the impact of analytics
initiatives
Ask the right
questions
Recognize
your skills
challenge
Ready your
organization