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The landscape of corporate realestate investing has changed drastically in recent years. After emerging on the other side of a global pandemic, companies everywhere have been forced to reevaluate what is considered a sound realestate investment. We’ll then magnify the lens to corporate realestate specifically.
In this blog, we’ll discuss how occupancy metrics are changing how business owners and CEOs makedecisions, why data-driven information is king, how occupancy metrics can be used in decision-making, and what the future holds for space planning in the corporate setting.
As a facility manager, keeping track of movement within the office is paramount, but unreliable data and poor office visibility can make it impossible. Space management software has become indispensable for businesses to visualize, analyze, and strategize their workspace utilization. Data-driven decision-making.
An IWMS, or Integrated Workplace Management System, is a scalable, cloud-based software platform that helps track virtually every aspect of the workplace and a corporate realestate portfolio. In this article, we explore the evolution of IWMS software and why it’s becoming one of the most important hybrid working tools today.
Guest management software helps answer big questions in any workspace, especially a hybrid office. How can you keep track of visitors to understand all the activities happening within your realestate portfolio ? OfficeSpace already simplifies workplace management and realestate optimization.
OfficeSpace Software, a leader in workplace management solutions, tackled this complex question in its recent LinkedIn Live, “Finding Hybrid Harmony.” Ultimately, data should drive every decision you make as a business owner. This is true for both quantitative and qualitative data alike.
Workplace analytics leaders like OfficeSpace Software offer intelligent tools for unlocking the full potential of your physical spaces. See it now User-friendly dashboards simplify complex analytics into clear reports that facilitate smart planning decisions.
Business Intelligence (BI) Software: Solutions like Microsoft Power BI and Looker provide dashboards and reports for real-time insights and data-driven decision-making. Machine Learning Algorithms: Algorithms like Decision Trees and Random Forests help uncover hidden patterns and make predictions based on historical data.
Beyond the obvious cost savings from downsizing corporate realestate portfolios, deliberate and data-driven utilization planning also enhances employee experience and productivity. Office space utilization refers to how well your available workplace realestate is leveraged to support employee productivity and organizational goals.
Workplace analytics inform operational decisions that optimize limited realestate to maximize productivity and cost savings. Software dashboards contextualize the raw data into digestible visualizations and recommendations. Saving Money Optimizing spaces for occupant requirements slashes realestate costs.
Data-Driven Decisions: Analytics tools provide insights into space utilization, employee behavior, and operational efficiency, allowing for informed decision-making. The cornerstone of IFM is technology, specifically, Integrated Workplace Management Software (IWMS).
Hybrid work models, dynamic schedules, and new technologies have reinvented how businesses use their physical workspaces, and making the most of your realestate requires a new strategy and approach to workplace intelligence in the office. Effective decision-making about your office space starts with data.
In the workplace, that means measuring and tracking metrics that will empower employers to seamlessly manage and optimize their hybrid work policies and right-size their realestate footprints to support their hybrid work goals and business outcomes. “We Solutions like Workplace Intelligence and Ossie are just the beginning.
The integration capabilities of modern badge systems further streamline workplace operations, connecting with other tools like desk booking software or visitor management systems for increased efficiency. Additionally, desk booking systems provide data insights on workspace usage patterns, aiding in future space planning decisions.
But for companies that adopt flexible working and/or a new hybrid work model , space occupancy rates alone are typically not enough to inform better decisionmaking for their corporate realestate. In particular, this software should allow them to layer multiple data sets. What is space utilization?
It can also help you choose the right hybrid and collaborative work strategies and tools for your business, such as hot desking software, desk and room booking systems, interactive maps, remote technologies, and more. Desk and Room Booking Systems Reservation Systems and Booking Software. RFID or Smart Cards.
They can win state-fair art contests , cause software engineers to have metaphysical crises , and design parts for spaceships and gardens with more efficient shade. Concerns about job displacement and reskilling are very real. They weigh how to optimize corporate realestate without sacrificing employee experience.
By redefining space per person, organizations can optimize their realestate footprint, reducing operational costs and maximizing resource utilization. Workplace analytics software and sensors provide invaluable insights into how physical spaces are being utilized, enabling data-driven decision-making.
Organizations can identify trends, patterns, and areas for improvement, thereby enhancing collaboration and decision-making processes. By identifying areas of wastage or inefficiency, organizations can make informed decisions that align with budgetary constraints and financial objectives. Analytics Platforms.
Combining employee badge systems with OfficeSpace software can help you track employee workplace patterns, from assigned seating to hot desking to different hybrid work environments. Lay out the parameters, security clearances, or employee types for each level of access to make programming the ID badges as simple as possible.
Employees will often have overlapping hybrid schedules , in an effort to ensure both collaboration and realestate needs are met. It brings extreme flexibility and adaptability to all aspects of workflows and decisionmaking. So while hybrid work models may require agile practices, ‘hybrid’ is not synonymous with ‘agile.’
Consider the difference in focus, metrics, and decision-making below: Decision-Making : Traditional FM decisions are often driven by short-term needs, while sustainable FM considers the long-term impact on the environment and company culture. Ready to begin your journey toward a more sustainable facility?
Visitor Management Software Get to know Greetly by OfficeSpace. This can leave facility managers (FMs) and space planners scrambling to make more modern office floor plans. To keep up, more and more companies are turning to workspace planning software. All while still controlling for corporate realestate costs.
Insights you can act on See space utilization analytics in real-time and evolve your workplace strategy, improve employee experience, & right-size your real-estate investments with Workplace Intelligence powered by presence data. The post Measuring Efficiency in the Workplace appeared first on OfficeSpace Software.
Top strategies for hybrid planning How to optimize your realestate portfolios and employee experience in the hybrid workplace. Without trained hybrid leaders, cohesion, and informed decision-making, the workplace will suffer. Engage with your remote employees who are tuning in on video conferencing software.
Human-centric design is any design process or methodology that puts the human at the forefront of the decision-making process. Human-centric workplaces use data-driven insights via space management software like OfficeSpace to optimize space usage based on the evolving needs of their teams. Data, data, data.
As a part of this change in work policy, Grammarly also redesigned its corporate realestate to act more as collaboration “hubs” rather than offices. While each of these companies has found a hybrid work model that suits its unique culture and workforce, one common thread ties them all together: data-driven decision-making.
The answers to these questions form the foundation of informed decision-making regarding office layout, design, and resource allocation. Realestate investors tend to makedecisions through the lens of a liability and expense standpoint, meaning they often fail to cater the space to the employee’s needs.
True, this project management software company offers employees free Uber rides and unlimited vacation. In addition to compensation, the leading companies scored much higher on employee survey statements related to acknowledgement of hard work and involvement in decisionmaking.
Check it out here to learn how facilities and realestate directors can use workplace data to optimize their space and gain accurate insight into their occupancy to drive better, more cost-effective decisions. Miss our last post? This reduces buildout costs and enables your team to allocate its resources more efficiently.
True, this project management software company offers employees free Uber rides and unlimited vacation. In addition to compensation, the leading companies scored much higher on employee survey statements related to acknowledgement of hard work and involvement in decisionmaking.
So once a software has been implemented, for example, are people using it? It’s also important for owners to do their homework on the areas they’re considering expanding into, which can including meeting with local realestate agents, realestate attorneys, and even other local small businesses to better understand the community.
It exists in the virtual space—it lives on computers, phones, software, and the internet. Determine which software tools, such as Slack and Zoom, you’ll be using to host conversations and meetings between staff. Make sure everyone’s set up with a company email address, and that your contact database is complete and up-to-date.
We’ll also take a look at how AI capabilities are transforming workplace intelligence by enhancing data analysis, automation, and decision-making processes. The concept of BI began with the emergence of early data processing systems designed to support managerial decision-making.
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