{"id":1004606825,"date":"2022-10-14T09:30:04","date_gmt":"2022-10-14T17:30:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606825"},"modified":"2022-12-08T11:04:48","modified_gmt":"2022-12-08T19:04:48","slug":"cretech-2022-the-data-dominates","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/","title":{"rendered":"CRETech 2022: The Data Dominates"},"content":{"rendered":"
\"Willy<\/a>

Willy Walker. Image by Gabriel Frank<\/p><\/div>\n

The second day of CRETech 2022<\/a> was marked by a deep appreciation for the role of data, its collection, its analysis and its most useful applications in the world of commercial real estate operations.<\/p>\n

The keynote: Form over function<\/h2>\n

Walker & Dunlop <\/strong>Chairman & CEO Willy Walker spearheaded the day\u2019s agenda, speaking of his firm\u2019s significant financial growth over the past 10 years across its revenue, net income and EBITDA margins, owing in good part to its investments in database technology and its acquisitions of synergistic start-ups. Walker detailed the firm\u2019s acquisition and optimization of the Galaxy database software, in addition to integrating it with the company\u2019s Enodo machine learning platform, giving the most accurate, yet most accessible possible reports and information to its customers.<\/p>\n

Walker cited the company\u2019s growth and emergence as one of the nation\u2019s largest finance providers<\/a> as not only a matter of the quality of the data analytics it delivers, but also their simplicity and speed; top of mind is the ability to deliver results quickly and insightfully to customers. \u201cIt is a matter of meeting a timeline seamlessly, without hiccups,\u201d Walker said.<\/p>\n

Walker described the firm\u2019s growth and desire to innovate as the primary motivators for such endeavors, favoring function over flashiness, saying, \u201cif we\u2019re not continuing to grow those numbers, all [this] technology means nothing to us.\u201d<\/p>\n

Quality over quantity<\/h2>\n

On the more technical side, a panel discussion between Yardi Systems<\/strong> Vice President Brian Sutherland, VTS<\/strong> Chief Product Officer Gijo Matthew and Altus Group<\/strong> Vice President of Global Marketing Aviva Fink highlighted many changes in the way commercial real estate software companies and property managers are managing and utilizing data. Of note was the deeply uncertain times professionals across all sectors of commercial real estate are experiencing, and the role that accurate data about fundamentals such as rent, leasing, occupancy and energy expenditure play in allowing their users to get ahead.<\/p>\n

\n

READ ALSO: <\/strong>The CDO Stack: Data Critical to ESG Success<\/a><\/p>\n

\n

\u201cIn a time of uncertainty, people look for insights, and [those] that come out on top leverage data, asking, \u2018How do we take data from all these sources, bringing insights back to customers?\u2019\u201d Matthew said. Sutherland provided a possible answer: When a firm has acute knowledge of how to use the analytics it already has\u2014rather than endlessly chasing more data\u2014that is effective utilization.<\/p>\n

\u201cWe augment it with our research,\u201d Sutherland detailed, emphasizing Yardi\u2019s practice of contextualizing the data as it relates to what an operator is looking for specifically; the actual meaning behind the numbers.<\/p>\n

Fink agreed, advising a \u201cboots on the ground\u201d approach of active evaluation as opposed to mindless number-crunching, where the data makes a \u201cquality journey \u2026 of [being] moved and applied to tools.\u201d<\/p>\n

The broader scope<\/h2>\n

In another session, CBRE<\/strong> Chief Technical Officer Sundeep Dav\u00e9 highlighted the company\u2019s utilization of data and how it tailors them to a specific operator\u2019s needs. \u201c[We have] an industry-specific data model; we ingest data from 300+ sources that we anchor around a client.\u201d<\/p>\n

Describing data points as an isolated \u201csilo,\u201d Dav\u00e9 views data collection and analysis as not so much a one-size-fits-all idea, but as an item that can be tailored specifically to what a given operator may be doing at a specific time. Still, firms, no matter how large they may be, should not overextend themselves. \u201cAs a service provider, I can deliver the best outcomes at the lowest cost,\u201d Dav\u00e9 concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry leaders discussed how data analysis has fundamentally changed their operations.<\/p>\n","protected":false},"author":3012,"featured_media":1004606826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,23891,21742,21787],"tags":[],"class_list":["post-1004606825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-national","category-latest","category-technology"],"acf":[],"yoast_head":"\nCRETech 2022: The Data Dominates - CPE<\/title>\n<meta name=\"description\" content=\"On the second day of CRETech 2022, industry leaders discussed their uses of data in delivering the best possible results to customers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRETech 2022: The Data Dominates\" \/>\n<meta property=\"og:description\" content=\"On the second day of CRETech 2022, industry leaders discussed their uses of data in delivering the best possible results to customers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T17:30:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:04:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Image-1-e1665709420110.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/\",\"name\":\"CRETech 2022: The Data Dominates - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Image-1-e1665709420110.jpeg\",\"datePublished\":\"2022-10-14T17:30:04+00:00\",\"dateModified\":\"2022-12-08T19:04:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"On the second day of CRETech 2022, industry leaders discussed their uses of data in delivering the best possible results to customers.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cretech-2022-the-data-dominates\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Image-1-e1665709420110.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Image-1-e1665709420110.jpeg\",\"width\":801,\"height\":621,\"caption\":\"Willy Walker. 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