Strata Management and the Rise of Smart Cities

The Proliferation of Smart Cities

Governments around the world are investing in smart initiatives to help improve the lives of city inhabitants. Smart tools such as the Internet of Things (IoT), cloud technology and Big Data are all employed to enhance the overall ‘intelligence’ of a city. Technology has become a burgeoning area of investment with huge corporations such as Cisco and IBM contributing towards a predicted global investment of fifteen billion by 20211.

The world’s urban inhabitants currently make up fifty-four percent of the global population. A study conducted by the World Health Organisation predicts a steady increase of 1.84 percent annually until 20202. With surges in population density comes complications such as congestion, pollutions, crowding, energy consumption and housing management issues. Governing bodies have to quickly come up with ‘smart’ ways to make cities healthier, safer and more efficient places to live.

Over the last decade, many cities across the globe have started to use data to help improve metropolitan life. Information exists concerning the amount of parking spaces left in a garage, what films we would most like to rent and whether or not certain assets within our properties are properly performing. Technologies that employ Big Data are slowly but surely changing the way we live our lives. The main technological perpetrators that are responsible for facilitating these innovative changes include cloud technologies, the IoT, a variety of innovative tracking sensors and the increasing interconnectivity of smartphones applications. All of these technologies help to enable a continuous flow of reciprocal information to and from the cloud that contributes to a more efficient and streamlined city.

Technology Is Creating Smarter Strata Management 

The Efficiency Of Cloud Technology In Strata Management

As the differing sectors of cities undergo technological changes, so to does the way in which strata managers and individuals alike organize and maintain their properties. Using cloud software technology, companies such as Urbanise3 simultaneously combine a multitude of governing features such as management, communication and financial administration in one domain, the Internet, allowing strata managers to seamlessly and efficiently run their property portfolios, whether that may be a apartment building, a condo or an entire commercial tower.

The cloud-based nature of the software means that managers and clients have access to information wherever they are, guaranteeing constant connection and twenty-four hour access to vital information. Additionally, access to payments and general updates are made in real time. As a consequence administrative workloads and IT costs are reduced and the enhancement of customer satisfaction and general efficiencies increases3.

Innovative strata management software across the world is augmenting a faster and smoother service delivery. There is a plethora of ways in which intelligent platforms such as Urbanise’s software suit3 are enhancing the productivity of smart cities.

An Age of Sensors

In the digital age in which we live, wireless wearable sensors such as fitbits have become commonplace. These technologies are used by individuals to track their general well being. Strata companies have taken this information-oriented idea and subsequently fitted their building portfolios with remote sensors to monitor and manage the health of their buildings. For instance the Urbanise Internet of Things sensors not only permit round the clock vigilance over assets but they also lower the risk of asset breakdown and ultimately costs.

The IoT allows information regarding the health of buildings assets to be sent directly to a strata manager’s smartphone. The real-time nature of this sensor to manager process ensures that the health of assets across a multitude of buildings remains at an optimal level. The Urbanise IoT sensors automatically inform strata managers when the performance of an asset starts to decrease or behave in an unstable way. This enables on-site maintenance staff to examine the issue and repair it before the situation escalates into a serious problem. As a result of these preventative measures, Urbanise’s clients have experienced a forty percent reduction in onsite labour and reduced costs of up to thirty percent4.

As smart cities continue to give birth to smart buildings, the need for intelligent management becomes a pressing issue. The sooner strata managers fully incorporate smart technologies into their daily management strategies the better. Embracing these pioneering tools will create huge customer-service efficiencies that would be unattainable with standard Computer-aided facility management (CAFM) tools4. Due to the inclusive digital nature of software, such as Urbanise’s Strataware systems, managers gain an unparalleled field of vision over the entirety of their processes.