Not all Dinosaurs will die and that's good for everyone!

author by Umesh Bhutoriadate 2 Nov, 2023read time 2 mins readviews 1938 Views
Not all Dinosaurs will die and that's good for everyone!

The evolving landscape of Asset Performance Management (APM) analytics in the Commercial Real Estate (CRE) segment is a topic of great interest. The interplay between incumbents and newcomers, as well as the importance of both hardware and software in this field, is worth discussing.

Integrated Workplace Management Systems (IWMS), Computerised Maintenance Management Software (CMMS) and Building Management Systems (BMS) have all been technologies that have existed for ages. Over the last few years, especially after the emergence of cloud and mobile applications, we are seeing changes happening in the marketplace. Start-ups with better drive, agility have been able to force reimagination on how some of the software’s look and work in current times.

While incumbents have been seemingly left behind in the software, analytics space, they certainly hold an edge when it comes to hardware and communications. So what does it really mean for the future?

My feeling is that not all dinosaurs are going to die and that is good for all stakeholders.

That is like a winning formula for all stakeholders. While not everyone is reacting fast, and that is alright, as we cannot have a situation where every company would retain their position (at the top) for long, it is a zero-sum game at the end of the day.

Much like the way we have had clear segmentation in the Smartphones Industry, the ecosystem of application developers and the ones who focus on developing devices intersect to provide amazing solutions to customers.

Imagine what would happen if we would not be in control of both the choices we wish to make, that is to select the device and applications of our choice?

What are your thoughts on this? Share with us by writing to us at [email protected]

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