For a long time now, real estate asset management has largely been a manual process filled with paperwork, scattered data and time-consuming tasks. But the advent of innovative startups like Connected Community raises intriguing questions about the future: Could fully integrated real estate software revolutionise asset management? Is a rapidly emerging model set to redefine the industry?
A Glimpse into the world of Dubai-based startup, Connected Community, provides substantial context and insights. Their business model delves into blending Asset Management, Big Data, Enterprise Resource Planning (ERP), Facility Management, Private Social Networking and Software all under the umbrella of Real Estate. What’s even more intriguing is their adoption of a holistic approach to real estate management — marrying property management and owners association with procurement and facilities management. But, is this the game-changer we’ve been waiting for in the industry?
- Connected Community seeks to challenge the status quo of real estate asset management via a fully integrated software.
- The software integrates property management, community management, and facilities management into a seamless whole.
- It enhances transparency in procurement and streamlines data flow across different management spectrums.
- The platform holds immense potential for drastically reducing implementation costs in the industry.
The genius of Connected Community’s approach lies in its differentiation – the promotion of harmonised collaboration and data flow across different real estate management sectors. In many conventional models, these sectors work in silos, leading to inefficiencies and communication breakdowns. Connected Community seeks to transform this, encouraging synergy between, for instance, people involved in procurement management and those in facilities management.
Transparency and efficiency are at the heart of this model. The innovative procurement tool allows managers to source and select services with an unprecedented level of visibility and the facilities management tool lets managers track the quality of services received, key in determining the payout.
Looking ahead, Connected Community is primed to redefine the narrative in real estate asset management. Their innovative, value-adding software could not only revolutionise how smaller teams share information, but also drastically reduce implementation costs across the industry. One could argue that if this model takes off, it could very well signal the future for the industry.
Given these possibilities, it’s safe to assert that the eyes of the industry will be on Connected Community’s evolution. They could be the catalyst propelling real estate asset management into a new dawn of efficiency and synergy. To stay abreast of their journey, connect with Connected Community on their website, on LinkedIn and be part of the conversation paving the way for the future of the real estate industry.
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