{"id":19775,"date":"2018-03-15T05:00:18","date_gmt":"2018-03-15T12:00:18","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=19775"},"modified":"2020-12-24T22:50:49","modified_gmt":"2020-12-25T06:50:49","slug":"innovation-rules","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/innovation-rules\/","title":{"rendered":"Innovation Rules"},"content":{"rendered":"

Technological shifts are revolutionizing business.\u00a0 Few other industries embody this reality more compl\"\"<\/a>etely than the office and retail sectors, according to Heather Brady, national director of sales for Yardi Canada.\u00a0 Brady gave a presentation about how industrial, office and retail companies can use innovative technologies to improve decision-making at the recent International Council of Shopping Centers (ICSC) conference in Whistler, British Columbia.<\/p>\n

Brady\u2019s presentation, \u201cEmbracing the Future through Technology and Business Transformation,\u201d focused on the value innovative technologies can deliver for real estate companies seeking to improve decision-making and enhance competitiveness.\u00a0 Examples include automated solutions for deal making, customer relationship management, energy consumption controls and business intelligence.<\/p>\n

Brady noted that growth in shared workspaces and flexible work schedules epitomizes office innovation today.\u00a0 Full-time and part-time freelancers, independent contractors and on-demand workers are expected to account for up to 45% of Canada\u2019s workforce by 2020<\/a>.\u00a0 \u201cThis trend will increase demand for shared workspaces, which in turn will drive an increase in the number of tenants and the length of leases.\u00a0 The technology needed to manage shared workspaces will in turn become increasingly important,\u201d she said.<\/p>\n

Meanwhile, e-commerce has penetrated 65% of Canada\u2019s retail economy<\/a>, led by books, movies, music, games, clothing and consumer electronics.\u00a0 In 2013, e-commerce was responsible for 4.5% of total Canadian retail sales<\/a>; the forecast for this year is 8%.\u00a0 Around the world, the longstanding model of a mall anchored by a big-box retailer is no longer sufficient to draw foot traffic.<\/p>\n

\u201cBricks and mortar aren\u2019t going away, but visiting a mall is starting to encompass more than merely shopping.\u00a0 Retail is transforming into an integrated, multichannel customer experience, including a strong digital presence and warehouses to support demand,\u201d Brady said. \u201cAlso retailers are making their space \u201centertainment centers\u201d featuring restaurants, clubs, movie theatres, high-end grocery stores, gyms, spas, play spaces for children and other attractions.\u201d She cited Amazon as further evidence of retail\u2019s evolution.\u00a0 After revolutionizing e-commerce, Amazon now stands poised to disrupt the grocery business with its Amazon Go checkout-free shopping app.<\/p>\n

The technology disruption that enables management of such a multifaceted operation from a single platform is happening now, Brady told her audience, \u201cso prepare yourself by educating yourself, making wise technology investments and learning more about the tech world and products that are available.\u201d Business-wide technology platforms that give industrial, office and retail managers\u2019 instant access to sales, lease, prospect and other data are on the market now, she added.\u00a0 Merchants are also keeping pace with a mobile-enabled consumer base by adopting mobile payment and shopping capabilities.<\/p>\n

With the adoption of any technology, change management does play a significant role in transforming operations and the mind set of staff. \u00a0\u00a0\u201cAn effective method of dealing with change management is phasing automation in one step at a time and taking time to become comfortable with it,\u201d she advised.<\/p>\n

Be it property managers, tenants or the end consumer, technology is very quickly establishing itself as a key element in our lifestyle. By being proactive and embracing technology and change, you are setting yourself and your business up for success in this data rich, tech-savvy, mobile future.<\/p>\n

ICSC comprises more than 70,000 retail real estate industry members around the world. Yardi hosted a booth in the exhibition hall along with sponsoring Brady\u2019s session.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Technological shifts are revolutionizing business.\u00a0 Few other industries embody this reality more completely than the office and retail sectors, according to Heather Brady, national director of sales for Yardi Canada.\u00a0 Brady gave a presentation about how industrial, office and retail companies can use innovative technologies to improve decision-making at the recent International Council of Shopping […]<\/p>\n","protected":false},"author":610,"featured_media":19776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[652,2331,1707,1699],"class_list":["post-19775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-canada","tag-icsc","tag-real-estate-technology","tag-yardi-canada"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Technological shifts are revolutionizing business.\u00a0 Few other industries embody this reality more completely than the office and retail sectors, according\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innovation Rules\" \/>\n<meta property=\"og:description\" content=\"Technological shifts are revolutionizing business.\u00a0 Few other industries embody this reality more completely than the office and retail sectors, according\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/innovation-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-15T12:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-25T06:50:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/03\/ICSC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"287\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Nelson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joel Nelson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/innovation-rules\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/innovation-rules\/\",\"name\":\"Innovation Rules - 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