November 15, 2017 | Written by: Bruce D Baron
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Although I try to minimize business travel between Thanksgiving and Christmas, there are always events that I see as critical. The evolution of “smart building” technology is interesting to watch, and this year, I am heading to what could be one of the smartest buildings in the world. I am heading to TRIMax, hosted at the Crystal City Gateway Marriott in Arlington, VA later this month. So, you’re probably wondering – what makes it so smart?
Bringing together the smartest for 3 days
The Crystal City Gateway Marriott will transform into the “smartest building” in the world for 3 days. Buildings and facilities management leaders from some of the most transformative facilities in the world will come together to learn and network. Representing billions of dollars in facilities and real estate, these leaders will converge on November 29th through December 1st to share the secrets of their successes.
For those who are not familiar with TRIMax, you will want to check out the agenda here. It is the penultimate event for Maximo and TRIRIGA clients, business partners, and IBM leaders. These are leaders of asset-intensive industries, who manage thousands of costly buildings, plants, stores and the plethora of assets that make their operations possible. They leverage technologies to help them optimize cost, reduce efforts, and engage employees or clients through smarter facilities and services. They’re basically superhuman individuals.
What to watch at TRIMax this year
This year, there are three critical areas that I will be watching the evolution of, through our customers’ eyes. These are:
- Capital Planning and Lease Accounting;
- Energy Optimization; and
- Occupancy Experience
Lease accounting changes on the horizon
While the overall costs of managing a facility rose only 1% in 2017, according to BOMA, there were jumps in controllable expenses, in addition to escalating real estate taxes. In addition, the unprecedented impacts to the balance sheet expected in 2019 from lease accounting changes are cause for concern. Lessons from leaders like TD Bank, Chipotle, and Umpqua Bank (see speaker spotlight blog) will be critical to maximizing the building lifecycle. See the IBM webcast on this subject.
Cutting utility costs through energy optimization
On average, 29 percent of a buildings operating expenses is spent on utilities. Many occupants are demanding energy efficiency and/or alternative energy sources in their contracts. Managing the interactions and integrations with building control systems is one area organizations are working on. They are also striving for the ability to record sentiment using sensors and applications.
I will be watching how Tampa Bay Water uses Maximo Asset Health Insights in the Maximo keynote, as well as University of Massachusetts Amherst’s innovative integrations to manage all aspects of their campuses. There will also be several folks from IBM there to talk about how we used tools like TRIRIGA Real Estate Environmental Sustainability Manager to save over $5M in 2016.
Reshaping how people experience buildings
Lastly, the expectations of occupants and lessees continues to ramp up. As the cost per square foot continues to increase year over year, so do the expectations for the ties between space optimization and occupancy experience. This will be a key theme, with ISS, Boeing and IBM Real Estate Site Operations discussing how we “connect the dots” to client value during the keynote.
Mobility, analytics and cognitive play key roles in occupants experience as well. I am looking forward to learning more about these topics during talks from Fidelity, Utah Army National Guard, the Smithsonian Institute, and Verizon.
So much to learn in so little time
This is just a small subsection of 100+ speakers that will be at the event. There will be several hundred other attendees to mingle with, who are all driving change across their large real estate and asset portfolios. This is why I am looking forward to TRIMax 2017. Let us know if you too will be at the smartest building in the world!
There is still limited space available to attend TRIMax, for more details, please check out http://www.trimaxusergroup.com