New Challenges in CRE Security
Proptech could help CRE meet the security and public health challenges in the industrial and warehousing sector amid a pandemic.
Cybercrime, theft, data leakage, and technical failures are real threats that affect the commercial real estate sector. Large buildings, across all market sectors, are particularly at risk due to the sheer volume of people, vehicles, and data that flow in and out of
these sites. It’s a simple matter of complexity, meaning operation processes become more vulnerable to security threats as they increase in size. While proptech is a bit of a catchall phrase, in these situations, technology should be designed and implemented to lower the risk of adverse events by enhancing
the physical and digital surveillance of buildings, which will improve management and security in industrial and warehousing facilities.
When working as intended, proptech solutions facilitate effective management practices and reduce building administrative costs. They also enable property owners to better monitor their portfolio by tracking managers and tenants who conduct technical maintenance, while supporting guests and suppliers. The
functionality of proptech IT systems also has great significance in security-related issues. By harnessing the analytical power of artificial intelligence, the Internet of Things, cloud computing, and mobile technologies, owners and operators can enhance both the security of people and assets.
How does it work in practice? While implementing a cloud-based and secure software platform, one feature especially useful is conducting inspections via GPS integration and IoT sensors to quickly evaluate the asset condition. This process improves inspection management by preventing unnecessary malfunctions
and reducing paperwork. For example, technicians can use their mobile phones to scan smart tags installed on the given equipment. The inspection order assigned to it automatically appears on the technician’s smartphone and provides instant access to all the data of the given device, allowing the technician to quickly
add the meter reading or any other crucial information to the work order.
Proptech systems that register entries and departures are vital in a COVID-19 environment that places a premium on monitoring the movements of individuals in and out of the space.
At the same time, this technology is useful for facility and property managers who need quick access to reliable data of daily activities performed in the facility. The tech allows them to control devices malfunctions, view automatically generated reports, and harness widgets with statistics on media
consumption or reports about electronical devices — all to make better data-based decisions. Additional benefits include reducing property maintenance costs, increasing service effectiveness, preventing malfunctions, and many others. Most importantly, building security is increased.
From Registration to Evacuation
Proptech systems that register entries and departures are vital in a COVID-19 environment that places a premium on monitoring the movements of individuals in and out of the space. Such systems can also automate guest reception, thereby reducing person-to-person contact,
while optimizing the flow of both vehicles and individuals. Such measures have long been essential in building security, but demand for these services will become all but ubiquitous now that contact tracing is an essential part of property management.
Properly designed proptech systems can be easily integrated with CCTV monitoring, allowing security to oversee large physical spaces with minimal resources. These security systems can use radio-frequency identification tags to quickly identify individuals and vehicles, too. This surveillance system produces,
functionally, a real-time watchlist that, if necessary, can block access to unauthorized vehicles and people. These automated reception systems provide constant control over who is in the building and optimize potential evacuation plans in case of emergency by streamlining routes for employees and guests.
A critical piece of the proptech puzzle involves both increased security of databases and transparency with regards to what happens in buildings. Systems need to provide access to information pertaining to guests, suppliers, and evacuation reports that can be generated on demand. Once a guest is registered
in the visitor management system, for example, they receive a label with a QR code that they are required to scan when entering and leaving the premises. This allows for building security staff to generate an evacuation plan with one click in the event of an emergency, and those still in the building can be
notified by text message.
In addition, mobile applications can allow tenants to remotely accept all entries and departures to ensure double verification.
Leveraging Security Data
One of the key elements of proptech lies in its ability to collect data by means of IoT: beacons, NFC tags, and QR codes to be stored in the cloud. Thanks to this network of beacons, it is possible, for example, to analyze a technician’s route around a given facility, create a
visualization of it on a map, and then generate the most optimal route by taking into consideration areas which should be additionally inspected. NFC tags allowing for quick meter readings with the use of mobile applications increase building security by means of constant control and prompt failure
reports, which can be supplemented with pictures and comments.
When designing modern buildings across sectors, well-designed and executed proptech offers the commercial real estate industry the promise of increase efficiency, security, and knowledge.
In these uncertain times, computer-aided facility management systems integrated with IoT sensors increase safety and minimize coronavirus infection as well. Mobile IoT-based apps transform on-site inspections into a contactless procedure. Technicians need only to scan their mobile phone to add the meter
status without even touching any asset.
Over time, the collected data from these property and visitor management systems can be harnessed to provide significant analytical value. As a form of big data, the information constitutes an added value for building managers.
As for the data collected in the cloud, platforms can improve facility management in commercial and logistics sites by applying technology to encrypt certificate systems and establish restrictive international security standards.
Although technologies in the real estate sector typically save time, resources, and, ultimately, money, more and more of these systems are addressing increased security. When designing modern buildings across sectors, well-designed and executed proptech offers the
commercial real estate industry the promise of increase efficiency, security, and knowledge.