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Technology and decarbonisation will be some of the biggest trends in 2023, according to a CEO in the property industry.
Prabhu Ramachandran, CEO of property operations platform Facilio, has said that to keep up with the evolving demands from CRE portfolios it will be "imperative" for companies to choose software-led approaches "to optimise portfolio operations".
Ramachandran said: "Organisations are increasingly seeking property operations software platforms that can unify data silos and help leadership teams plan, set cost-effective O&M strategies, and measure performance against it. The industry wants to circumvent the frustrations of dead-end tools and needs a unified system of action rather than just a system of record."
Ramachandran also says that in their discussions with companies all over the world they wanted "interoperability, scalability and low barriers for change management to stay relevant in the ever-changing environment of property ops tech".
He also acknowledged the increasing importance of decarbonising goals adding that the first steps to Net Zero are "digital retrofits and cloud-based controls that give O&M teams granular visibility into asset and energy-performance metrics".
