Smart surveillance, IoT and AI driven predictive and prescriptive asset management to be the game changer for real estate industry
By MYBRANDBOOK
Chirag Boonlia
Group CTO
Embassy Group
Key Priorities of 2020
Essentially, there are two facets to this. First and the foremost, everything invariably boils down to the business value realization and then comes the technology selection exercise and needless to say, its pertinent for all CIO’s/CTO’s to ensure that the advancements in technology are leveraged to the maximum keeping aside the hypes and social compulsions.
Second, with the unprecedented evolution of the new technologies, it is paramount that digital transformation in and around the existing businesses are looked upon holistically and also add a layer of forward and backward engineering to make sure that breakthrough makes sense with the new levers provided by the advancements in the new tech.
We are completely sold on AI/ML driven smart surveillance, IoT and AI driven predictive and prescriptive asset management which could be a game changer of sorts for the real estate industry as a whole.
Cyber Security
With the advancement and evolution of new technologies, comes a caveat of evolving threat to manage the ecosystem holistically. Classic example is IoT-ization that we have embarked into to capture assets data. It is extremely pertinent for us as a CIO/CISO to make a full-fledged, comprehensive plan of action on the security threat that comes with these.
Achieving Digitalization
The $5 trillion Indian economy dream which we aspire can happen if we can take giant strides towards creating an amenable ecosystem in place for everyone to come together and contribute and this cannot happen by spending alone. The ideas are not proprietary of the innovation department but can come from the bottom of the pyramid to the top echelons of the business. Hence, the innovative culture and do away with ‘fear of failure’ notion are one of the few imperatives of a modern organization.
“For any business transformation to commence, the technology and innovation should be at the core of the strategy and every other function needs to revolve around. So, it’s pertinent to keep all the stakeholders in mind and no better than customers to start with as they are the fulcrum of all the activities that we as a business perform or strive for. Customer expectations have been growing at an unprecedented pace and experiences can make or break the organizations. With the launch of a single app from the time the customer buys an apartment till they move in and to be launched app for extended employees of our business park to cater to any and every engagement with us, its time, we focused on the experiences in this experiential and shared economy.”
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