Building Data To Become Predictive To Increase Revenue

NEW YORK CITY—The amount of information about buildings and their tenants is enormous. Building owners, operators and tenants are still learning how to manage and leverage that data to improve environments to ultimately increase revenue.

WeWork collects data on how members use conference rooms. Looking at booking times, they can predict future behavior. “Designers in the studios have configured a floor plan layout before they go too far down the decision-making path,” said the director of construction technology at WeWork Tim Dumatrait. “That has been really helpful in right-sizing the product before we make hard decisions.” With enterprise clients, they study how employees use the workplace, to increase employee satisfaction and retention.