Data serves as the fuel for asset managers. Therefore, if you don’t have the right data, there’s a strong motivation to develop something yourself to acquire the necessary information.
However, real estate is a mature sector. Why should asset managers engage in developing tools or even hiring developers?
Why isn’t there a ready-made solution? Why has Actoren only recently become the first and only player in the market?
In hindsight, this makes sense. We were willing to dedicate ten years to this before we deemed it good enough.
Unfortunately, many real estate companies don’t allow themselves this time, and naturally, this approach fails. They want quick results and low costs, leading them to use the wrong tools. Tools that were never meant for these purposes, like Excel or Power BI. Although Power BI may seem modern on the surface, it’s significantly outdated under the hood. This results in ever-increasing costs for maintenance and adjustments. And even after 10 years, they’re still not ready.
The concrete result is not only needlessly expensive, slow, and complex applications that trouble users but also an increasing bill from the provider and excessive energy consumption. That’s hardly sustainable. This issue will only intensify in the coming years, because companies like Microsoft build new layers on top of the previous layers.
Naturally, it’s also a waste of precious time and resources that could have been better spent on core activities. Why invest yourself? After all, you don’t build your own tower crane; you rent one.
The real estate sector may be mature, but that doesn’t mean it can’t benefit from innovation and efficiency improvements. By investing in ready-made solutions, real estate companies can strengthen their competitive position and stand out in an increasingly competitive market.