Industry experts, including Yardi’s Alex Stanton, discuss security challenges accompanying cloud capabilities
SANTA BARBARA, Calif., June 9, 2017 – A panel of industry thought leaders, including Alex Stanton from Yardi, recently explored opportunities and challenges associated with the growth of cloud-based technology in commercial real estate.
Stanton, Yardi’s industry principal for commercial, joined experts from Morguard, Starwood Retail Partners, Microsoft and NiceNets Consulting on “The Latest Trends in the CRE Cloud,” a webinar sponsored by Realcomm.
Stanton addressed the challenge of safeguarding the massive amount of information involved in cloud-based commercial asset management. “Sources of real estate data are ever-expanding, and more public and private information is available as the Internet of Things takes hold,” he said.
Commercial real estate is now entering the “Big Data” phase as transactional data converges with photos, videos, satellite imagery, weather data, building performance systems and other content. While optimizing business and site efficiency, these collection points also present more potential points of entry for security threats. As a result, Stanton said, “the bar is continuously being set higher for security” in terms of vulnerability management protocols, multiple levels of data center and application security, and stakeholder education.
He continued, “We continue to see the acceleration of technology adoption in the commercial real estate space. It will be an exciting journey, but from a data governance standpoint we need to constantly adapt and identify the solutions that will connect them in an ever-evolving environment.”
Learn about the ways Yardi Cloud Services can assist in property management.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit yardi.com.