Challenges have a long history of fueling innovation and generating value. In these times of reduced construction activity and with a downturn in the real estate market, an opportunity arises for property companies to gain a competitive advantage through innovative solutions. We are now in a period where forward-thinking property companies can think differently and reposition themselves while saving money and streamlining operations.
Leading the way with smarter buildings
During challenging times, cultivating creativity, fostering innovation, and embracing proactive strategies become essential for maintaining competitiveness. This entails consolidating resources and implementing creative and innovative approaches to enhance efficiency and reduce costs. A crucial decision in this process involves selecting the appropriate infrastructure—traditional solutions versus more modern, cloud-based as-a-Service (aaS) solutions. Evidence shows that modern aaS solutions enhance operational efficiency and reduce overall costs. At the same time, tenants prefer smart buildings that prioritize a seamless user experience. Implementing simple measures like a smart, digital access system can yield substantial cost savings and efficiency improvements while enhancing property appeal to tenants.
Lower lifecycle costs
Cloud-based access solutions provided as a service (aaS) encompass comprehensive benefits, including upgrades, service, support, and maintenance. When evaluating the total cost of ownership, this model emerges as significantly more cost-effective over the long term, as it avoids unforeseen expenses while ensuring consistent solution maintenance and continuous developments. Such an approach allows for scalability, and the vendor independence offered by non-proprietary solutions leads to more predictable costs and the freedom to choose vendors for various needs, such as installation.
Digital, service-based access solutions enable real-time access management, resulting in better control over who has access to the building as well as significant time savings. The ability to delegate access management to tenants frees up time for facility management personnel and can save up to a full-time position in larger properties.
Internal security can be expensive and requires investments in firewall hardware, intrusion detection systems, and skilled security personnel. Staying updated on the latest security threats can also be resource intensive. With a cloud-based systems, security practices are continually evolving to address the latest threats and include essential features such as encryption and identity authentication mechanisms.
Smart, cloud-based access systems require minimal cabling, which can lead to reduced installation and copper cabling costs, as well as significant CO2 savings.
In today's challenging landscape, most Norwegian businesses, especially property companies, are facing a challenge where maximizing efficiency in parallel with cost reduction is crucial to remain competitive.