BuildingMinds has officially announced a partnership with Optiml to help real estate stakeholders access streamlined data exchange, enhanced retrofit analysis, comprehensive reporting, and optimized CapEx allocations.
To understand the significance of such a development, we must take into account how, even though an estimated 65% of organizations across the globe now report using AI regularly, no more than 2% of CIOs in asset management claim to have fully operational AI use cases in their organizations. Furthermore, nearly half of them are understood to be dissatisfied, as far as new solutions are concerned, due to a lack of integration with other existing technologies.
The real estate market of today is also struggling against challenges related to getting the right data in-hand, as well as understanding how to take action on the back of this data to reduce CO2 emissions and improve net operating income (NOI).
In case that wasn’t enough, players across the board are now further required to make decarbonization a key part of their plans, with legislative mandates deeming it an integral driver of long-term value creation.
Addressing the given need, BuildingMinds and Optiml will combine their two AI-led data platforms to deliver ESG data together with in-depth investment planning capabilities right at the real estate portfolio and asset level.
“This partnership with BuildingMinds is a major milestone for both companies and the industry. We are excited to join forces to create value for the real estate industry with a powerful solution from data management, reporting, to decarbonization and investment strategies. We see great potential in leveraging AI for informed decisions in real estate asset management,” said Dr. Evan Petkov, Co-founder and CEO of Optiml.
Talk about the benefits of this partnership on a slightly deeper level, we begin from its promise to deliver simple and end-to-end data flows. Leveraging the companies’ proprietary technologies, users can seamlessly transfer and transform data with a simple click in and out of key modules, right from meter-specific in-depth views to capital planning projections based on a building’s detailed energy consumption history.
Next up, we must expand upon the availability of enhanced retrofit analysis. While the overarching idea here is to improve upon retrofit analysis, BuildingMinds and Optiml will also provide their clients, like we briefly touched on, with reliable and actionable decarbonization and investment strategies on portfolio and asset levels.
Such a comprehensive approach, in turn, should be able to cover the entire building lifecycle, including transactions and asset & portfolio management to ESG reporting and construction. By doing so, the partnership will support clients’ Net Zero ambitions, while simultaneously meeting their financial and sustainability goals.
Another detail worth a mention is rooted in the development’s bid to deliver comprehensive regulatory reporting. This translates to how clients can come expecting a broad suite of reporting options, including EU Taxonomy, SFDR, INREV and custom reports for easy export.
In case that wasn’t enough, the partnership will also support compliance with regulations and certificates, such as DGNB, helping asset owners define reliable and actionable measures that can be integrated into ESG reporting as documentation of action.
Rounding up highlight would be the prospect of optimized CapEx allocations, something which makes it possible for clients to take informed decisions around capital investments and ESG measures, all for the purpose of enhancing performance and optimizing strategies from asset to portfolio levels.
The said assortment of measures will include lowering CapEx, prioritizing high CO2 impact measures, and increasing ROI.
“We are thrilled to partner with Optiml, a company that shares our vision of driving innovation, sustainability and operational efficiency for asset owners and managers. This collaboration will enable us to provide our clients with a seamless experience and empower them with the insights needed to achieve their Net Zero ambitions while meeting both financial and sustainability objectives,” said Marek Sacha CEO of BuildingMinds.
