CoreNet Global N.Y.C. hosts "Just How Big is 'Big' Data?"

CoreNet Global N.Y.C. chapter hosted the program entitled "Just How Big is 'Big' Data?"on Wednesday, January 9th at AppNexus. Chris Zlocki, executive managing director of Colliers International, moderated a panel that included Venkat Nagaswamy, co-founder and CEO of Mimir Data, Andy Howells, head of workplace consultancy of Condeco, and Ron Dembo, founder and CEO of Zerofootprint Software. Panelists explored how new analytics and technology are being used to understand behavior, improve operations, manage risk, support innovation and alter workplace strategy, and the implications that all of this has on the commercial real estate industry. Nagaswamy, Howells and Dembo developed the following findings: * Up to a third of a building's workspace is being underutilized each day. * Workspace occupancy measuring techniques and workspace utilization tools allow property managers to generate data sets, which are used to determine the effective use of buildings and resources. * Digital alerts can change tenant behavior in class A office buildings. * Companies can utilize Big Data to streamline process, optimize output and maximize profit. * Big Data can predict who should sit where and when in the workplace. * Big Data will help forecast commercial real estate market trends and analytics. CoreNet Global New York City Chapter's mission is to advance innovation and professional development for the corporate real estate sector, and to serve as a thought leader and forum for current industry issues. The organization's more than 800 members represent corporate end-users and service providers from New York's largest publicly-held companies at the forefront of real estate planning, development and innovation, including Fortune 500 companies generating over $1 billion in annual revenue. For more information about the CoreNet Global New York City Chapter, visit http://corenetnyc.org.