Workplace Analytics Support Real Estate ROI
People work differently now than they did only 10 years ago. Employees no longer clock in at 9 a.m., work the whole day at their desk, and clock out at 5 p.m. Productivity is no longer measured by how long a person sits at their desk, and employers realize the idea that every employee needs a dedicated space is almost archaic.
As organizations begin to think differently about space usage, they’re learning that workplace analytics—not unreliable, manual workspace observation—drives real estate ROI. Technology guides stronger decision-making in today’s real estate ecosystem, so you don’t have to invest millions in hard assets based on inaccurate information.
To meet your business demands of the future, you must implement effective strategies to get there—and understanding how your space is being utilized will drive the process. Workplace analytics increase real estate ROI due to their impact on the Three R’s: Rightsizing, Rebalancing and Reallocating.
- Rightsizing your space means you can reset the footprint of the whole office—get rid of unneeded real estate, or increase the workforce without buying more real estate. Analytics provide irrefutable evidence of what and how your space is being used, so you can make the best decisions about using it correctly.
- Rebalancing your space according to how it’s used increases collaboration, creates better workflow for employees, and ultimately increases their productivity. Using data provided by workplace IoT sensors clarifies how the space is used so you can rebalance according to facts, not hunches.
- Reallocating space according to analytics saves money and resources. And the data provides budgetary rationalization to pay for any hard costs associated with reallocation of space, such as building or tearing down walls, remodeling or hiring personnel.
Workplace analytics provided by Tapdn allow you take control of your commercial real estate. You can make decisions with confidence, because now you’ll have the data to back them up.