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Revisit Your Technology Architecture

Digital transformation has been a buzzword since the mid-2000s. It was primarily lip service and a concept that was included in future roadmaps but not next year's budgets. The pandemic rocked the world and changed everything. There is now no such thing as "business as usual." What is real estate management digital transformation? Leveraging technology, it is putting residents at the center of the universe and defined by specific business outcomes. It is capturing new revenue streams and markets. It is using technologies that differentiate the way products and services are delivered and supported. It is delivering digital operational infrastructure services such as analytics, reporting, and mobility, to enable agility and foster innovation across the organization. Many companies are taking a hard look at where they now stand, how they got there, and where they want to focus next. As part of this introspection, executives are realizing technology truly is crucial and imperative for their business success. There are three reasons to revisit your current technology architecture to become more agile, to use technology strategically, and to achieve a more flexible cost structure. 1. Agility Wins What became clear to many executives is most successful companies had adopted digitalization prior to 2020. First-moving companies saw the value of implementing modern technology that can "move with the business." As a result, they coped better with the pandemic challenges than those that didn't. Leaders in other industries were flexible and able to acknowledge and accept reality as it was. They quickly adapted to address......
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Cloud Architecture Matters: Are You Future Proof Ready?

The cloud technology and real estate management (REM) software landscapes are changing more rapidly than ever before and it’s hard to keep up with what’s coming next. Many CIOs are finally breathing easier now that the cloud has taken hold as a standard in the real estate industry after years of concern over security, platform reliability, integrations, disaster recovery, and access to data 24/7. Surprisingly, there are still technology laggards out there operating their critical enterprise resource planning (ERP) and REM applications on custom-built legacy and on-premise systems that have no future. They are only now looking to go to the cloud two decades after Salesforce introduced the software-as-a-service (SaaS) model back in 1999 (1). Other industries were early adopters of the cloud, but it took our industry over a decade after the launch of Salesforce to finally start embracing the cloud – mainly because many ERP REM software vendors were built on old technology platforms that weren’t easily adaptable to the cloud. The only way for these vendors to get to the cloud was to rewrite/recode their applications or acquire the technology to get there. So, if you are already on the cloud or looking to go to the cloud you must consider these questions: What happens when the next wave of cloud technology comes? Will I be ready? Am I already behind? How can I tell if I’m using the right cloud architecture? CLOUD ARCHITECTURE MATTERS Cloud architecture matters because not all clouds are created equal and knowing the differenc......
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