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Real Estate Digitalization

Digitalization Ensures Future Readiness

Digital transformation is crucial for companies of all sizes and industries. Digitalization enables organizations to create new revenue streams, improve efficiency, and enhance customer experience. It is a fundamental requirement for future success in real estate management. We help you navigate the digital landscape, capitalize on opportunities, and ensure future readiness.

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Digitalization: Much more than just from Analog to Digital

Managing the challenges of digitalization

Digitalization requires a comprehensive approach that considers the social and global trends that impact digital transformation, as well as the increased demands for data ownership and compliance.

As real estate experts, we have been analyzing the challenges of real estate management on the path to digital transformation – long before the global pandemic. We recognize that the rapidly changing and uncertain VUCA world (Volatility ‚ Uncertainty ‚ Complexity, and Ambiguity) makes forecasting and planning more challenging, and that relying solely on past experiences is no longer enough to make informed decisions. We acknowledge the need for reliable data and the changing demands on the skills and roles of employees in a digitalized world. At the same time, we see the potential of digitalization to enhance a company’s perception as an innovative and desirable employer.

Experience and knowledge form the basis of our consulting services.

Christian Gebert
Digitalization

„Technology only reaches its full potential when it is combined with other drivers of transformation. Maximizing the benefits of digitalization requires a holistic approach that integrates technology, organizational and process-related measures.“

Key factor digitalization

Digitalization is increasingly shaping the way we live and work, and this trend is set to continue in the future. As a result, almost every company must confront the challenge of implementing digital transformation processes. Digital technologies are fundamentally altering the way people and machines communicate, and it is essential to develop and implement the necessary technological infrastructure. To be successful, it is crucial to align individual solutions with overarching trends.

Current Trends in the Real Estate Industry:

Cloud Computing

There is a growing need for cloud-based data storage, such as digital collection of building and consumption data, monitoring, benchmarking, and regular reporting.

Process Automation

Standardized business processes can be automated and integrated with tools such as Robotic Process Automation, for improved efficiency in routine activities like real-time invoice verification.

3 Artificial Intelligence

Artificial intelligence can simplify and automate processes like invoice processing, structured filing, and forecasting support.

Big Data

There is an increasing need to store and analyze large volumes of data, including the interconnectivity of digital work environments, new forms of (digital) service delivery, and renewable and decentralized energy supply.

Learn more about digitalization in real estate:

Focus on Digitalization

Securing your Livelihood Through Digital Transformation

Digital transformation is essential for both consolidating and expanding current business as well as creating new opportunities through the development of new services and products.

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Digitalization is the enabler for

  • Increased resource efficiency
  • Improved work results and processes
  • Risk reduction
  • Increased productivity
  • Standardization

The question is not whether to pursue digital transformation, but when and how to implement it to keep up with increasing demand.

Companies must prioritize digital transformation in order to continuously innovate and maintain their competitive edge.

Establish Digitalization Successfully

Basis for Digital Transformation

In order for corporate real estate managers and institutional investors and operators to successfully establish digitalization, basic conditions must be met.

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Basic requirements for establishing digitalization:

  • Establish a transparent data architecture
  • A clear and unambiguous data landscape ("single source of truth") that ensures consistency across different systems
  • Increase data quality
  • Clear data ownership and targeted use of quality gates
  • Smart use of data
  • Use of cross-system data for intelligent analysis and integration into central monitoring tools

Opportunities and Possibilities through New Technologies

Effective Digitalization: more than IT and Applications

Legacy IT maps, outdated systems, insular solutions, and data silos contribute to inefficient and flawed processes, putting strain on business departments.

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This is often due to

  • A lack of comprehensive IT strategies
  • Opportunity-driven software selection and implementation
  • A department-centric approach
  • The delay of necessary consolidation measures

At the core of digital transformation are applications that support end-to-end processes optimally. The relationships and interfaces between systems, the data architecture, and the interaction with the IT infrastructure are all important factors to consider.

Common Data Environment

Ensuring Consistent Data Quality

Common Data Environment (CDE) enables the connection of distributed systems to a central data hub by defining data domains and establishing a collaboration platform.

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This ensures consistent data quality across departments and regions and facilitates interaction with external partners.

New technologies have greatly expanded the opportunities and capabilities available in recent years.

Accompanying Measures needed

Sustainable Success of Digital Transformation

The foundation of digital transformation is to have a clear understanding of where real estate currently stands and what the strategic vision looks like.

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Technology on its own is not enough. Its effectiveness depends on its integration with other drivers of transformation and accompanying measures, e.g., on organizational and process level. To be successful in the long term, digital transformation must also consider and align with other dimensions such as strategy, governance, and processes.

From Strategy to operational Results

TME Transformation Management Experts offer comprehensive consulting solutions that drive results. We specialize in guiding clients from strategic planning to operational success, enabling transformations through a targeted focus on value-creating changes.

DIGITALISIERUNG STRATEGY Strategic Positioning Digital maturity level Benchmarking | Industry Trends Digitalization | IT Strategy STRUCTURE Future Proof Solutions Enterprise ArchitectureManagement Data Governance & Management Digital Solutions IMPLEMENTATION Measurable Results Digital Transformation Test- & Training Concepts App Development System Selection | Tendering OPERATIONAL SUPPORT End-to-End Solutions Program Management Interim Management

Further Fields of Competence

TME has a comprehensive understanding of digitalization requirements across various sectors through our diverse areas of expertise. Our Digitalization team closely collaborates with our experts from all other areas to provide a holistic perspective:

Investment Advisory

Investor Requirements, Reporting

Portfolio Transformation

Concepts for Hybrid Working

Performance & Agility

Company and Process Organization, Change-Management

Customer Centric Services

Structures and Control, Key Figures

Sustainability

ESG Trends and Strategies, Key Figures

Our value to your organization