| | APRIL 20199CIOReviewAt Bozzuto, we are focused each day on creating sanctuary for our residents, so we choose technology that supports this effortData is the New FuelAs we improve the customer journey, it is essential that we streamline the data collection process as well. We need to maximize the performance of the assets; wherein, it is very important to comprehend how the assets are leveraged. As an organization, we manage data for various entities and so the data that we collect is scattered. To this end, we have invested in BI technology to gather more focused data that can provide us KPIs, about the performance of these assets.It is interesting to note that when customers tour our buildings, many of them review and compare other properties simultaneously on their mobile devices. Our residents rely entirely on their devices for communication as well, but the retrofit is expensive, especially from a 5G connectivity perspective. Using the data available, we can recommend providers such that they can outfit a building in the best way possible.Technology is the Name of the GameFor our organization, the biggest challenge is the adoption of new technology by the team members. It takes expertise to manage the building, and while technology can be a big help to them, they need to first take note of how they use it most effectively. This is where Change Management comes into the picture as we need the team members to grasp why the technology is important and how it can really help them. We spend a lot of time on training and support in order to increase adoption rates.From a hardware perspective, asset control is significant as well. The end-users need to understand the use of new technology and its impact on building operations. Cybersecurity and Connected BuildingsFrom a security standpoint, the number one task is to protect our infrastructure and understand compliance from a federal and a state perspective. We operate in 12 states today, which requires a great understanding of compliance requirements. This is why we invest heavily in cybersecurity in order to protect systems and data of our customers, residents and employees.Part of our ongoing investment includes a great deal of training for our employees, so that they can stay informed and understand existing threats. Preventing a cybersecurity breach from ever happening is our primary goal.Piece of AdviceFor building operators, it is critical that they understand the impact of technology on the customers and the value of their assets.For technology providers, they have to set an approach where team members are better able to understand how technology can help them do their jobs more efficiently, which ultimately means a better experience for our customers. Nancy Goldsmith
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