Imagine you want to save electricity by implementing smart devices in your home. Data from lighting, heating, electricity, water consumption and solar panels may need to be integrated and connected. Devices, sensors and various applications come from different manufacturers, with different protocols and interoperability challenges.
Now multiply the complexity of this scenario many times over...
Welcome to the real estate industry!
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Whereas a few hundred euros can be saved in the private home with the smart home (the acquisition costs for smart devices aside), digitization in the commercial real estate industry, i.e. for office buildings, for example, has a very serious background.
As the building sector is responsible for a significant amount of emissions (117 million tons of CO2 in 2018), in the future CO2 should not only be saved via structural measures - but their climate compatibility should also be reflected in the investment criteria. This is intended to create a financial and more sustainable incentive. For this reason, ESG (Environment, Social, Governance) criteria will soon be included in real estate investments according to the law. These include sustainability factors such as CO2 emissions, energy and resource consumption of buildings or other environmentally relevant data.
This means that the more climate-friendly a building is, the more yield it generates - otherwise it would have to be taxed more heavily. It is also often the case that investors - irrespective of the legal regulation - only invest in green funds.
This faces the industry with unexpected challenges in terms of data management and transparency.
Innumerable data, devices and systems have to be able to communicate with each other in the future.
To be able to trace the complete path that data must take from its creation to its evaluation in the real estate industry, you need some imagination.
In the following picture, the complete digital value chain of the commercial real estate industry is shown. From the first sensor value in a smart meter to the analysis in asset or fund management, data must cross countless applications and company boundaries.
Given this complexity, it is not surprising that in the study “PropTech Germany 2020”, 94% of the survey participants see the greatest hurdle in the development of digital business models in the access to and evaluation of data:
“The reason for this is [...] the inherent lack of transparency in the real estate industry. On the one hand, this refers to unavailable regional and sectoral property market data.
[Often the] low availability of real estate data in the owner companies themselves is discussed.”
Every department needs access to data - immediate, uncomplicated and meaningful. But how can systems be reliably interlinked without degenerating into even greater complexity and consuming resources?
This is where Xapix comes into play.
In order for the data to flow freely throughout the entire life cycle (from the first sensor value in the smart meter, to the first database, to BI tools and analyses of asset and fund management, to reporting to institutions), integration technologies are needed that can close the gaps that have existed up to now.
Xapix is a new level of integration that enables you to digitise faster and more reliably.
With Xapix, you can integrate thousands of different systems, devices or data formats at the touch of a button - regardless of whether the data is sensor data from smart meters, tenant, administration or accounting data.
All data and systems are connected via standardised interfaces. Management is fully automated in Xapix. Where previously several specialised developers were required, integration can now be carried out more easily.
Within the Xapix platform, the different systems and data formats are orchestrated, standardised and harmonised.
The Xapix user interface is intuitive and easy to use. You also have access to functions that ensure full security and compliance.
The data orchestrated and harmonised in the platform is distributed to other applications depending on its function and, if necessary, enriched with external information, such as weather or traffic information or risk assessments. The applications can be solutions for easy collaboration in the real estate industry, specialized software for property management, or tools for analysis.
In addition, thanks to the newly created transparency, all doors are open for the use of innovative PropTech solutions that use algorithms for machine learning or artificial intelligence, for example.
Generate new revenues with digital products and business models
Integrate new partners faster and work with robust interfaces
Create high transparency across systems, applications and companies
"Die "The Xapix platform provides a universal adapter for digital interfaces and sits on top of the other applications as a data integration layer, so to speak.This fulfills a very important function for us and makes our ecosystem possible at all."