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  • Writer's pictureVictor Kmita

IoT Management For Real Estate

IoT Device Management Platform: Business Vision

Recently, the world was shocked by a terrible incident: a house collapse in Florida. The reason was a water leak discovered too late. Unfortunately, only outcomes like this demonstrate the importance of digitizing utility management. Can IoT management platform prevent such kind of disasters and how the real estate business already uses its advantages.

Top 10 Features Of IoT Management Platform For Real Estate

Devices and sensors provide each home, hotel, or office space functionality. Everywhere the lift opens automatically, and light sensors react to movement. Why don't we define every existing house as “smart”? The answer lies in flawless device management.

As of 2021, businesses are using IoT platforms to manage 260 mln smart objects worldwide. Each sensor connected to the platform transmits information to the web app about its operating mode in real-time. IoT device management platform also has its business logic and other functionality satisfying particular requirements.

Among the most requested features:

Data collection and receiving predictions. Real-time data transmission allows an analytics department to obtain accurate data and predict possible scenarios for sensor operation. This approach provides an instant response from managers and mechanics to an issue that has not yet arisen.

Access control. An elementary example here could be a hotel room key card. The digital lock reacts only to certain cards, restricting general access to a room.

Device lifecycle management. The sensors systematically send concerning their condition to the server. Managers know exactly when a device needs a part replacement or firmware.

Unified dashboard. Back-office employees and end-users can control real estate devices using an intelligent interface. It allows performing all actions in one space.

Cross-platform and web-oriented. These features enable property management from any device at any distance from the object.

Multitenant architecture. This feature is relevant when it comes to a corporation with many affiliates. Due to local peculiarities, it becomes necessary to duplicate an app or platform, slightly adapting it. For instance, with the code platform, engineers and business analysts can create countless isolated customized platform copies for local usage. All tenants can be managed via a single entry point.

Integrability. Effective management requires devices connected with the central network and seamlessly interacted with each other. For this purpose, the IoT platform also ties with any third software, like CRM or accounting.

Assets registry management. It concerns keeping records of funds, contributions, and other assets owned by the smart house.

Action-based business scenarios. Or ensuring flexible equipment and software response to external circumstances.

Devices & roles hierarchy management. The platform allows you to manage a tree of tied gadgets and devices, prioritizing their requests. Moreover, the system recognizes back-office representatives and provides them with data available for their roles.

Check how implements Internet of Things (IoT) solutions.

IoT Device Management Platform Efficiency: Case Studies

Case #1. IoT platform to manage residential bills easily

An IoT platform can perform a lot: collect and analyze data, connect property worldwide, and reduce maintenance costs. It also boosts employee experience and productivity. The case below will prove it.

A real estate management company in United Stated operates thousands of residential properties. One of its departments handles utility bills and assists with any issue concerning them. But employees could not cope with the flow of requests on time because of outdated software, an inconvenient interface, and irrelevant data. Solving one issue could take several hours, and calls would get in a long queue. The management decided to request an outsourcing development.

Engineers updated systems and designed IoT Management Portal to collect data and make predictions of top of it. It consolidate financial statements and automatized the operational impact on water, electricity, and heat. In return, the employees got rid of manual checks. Now they need to process 2x requests less than earlier - all data from utility meters is verified and transferred to the customer’s self service cabinets.

Case #2. Life saving signs installation

All of us know the scale of college campuses and the role of safety there. One US college has used the code platform to create a Safety & Alarm equipment management platform. The last one controls the sensor lifecycle. That group of devices was designed to notify the back office of emergencies and help navigate people on campus. MVP development with an open-source fast-code platform took 10 weeks.

Due to the new software, campus engineers could:

  • create a geolocation-based map of installation points

  • remotely configure and update software

  • predict any issues concerning device operation

  • perform efficient assets maintenance

Consequently, the installation of devices took 25% less time than usual. Employee productivity increased by 15%.

Read more about code platform features here.

The Bottom Line

Any custom-developed IoT platform is unique due to its functionality. Someone needs to collect data from devices. Others seek to receive a full range of services for real estate business development. If you are still thinking about how an IoT device management platform should benefit your commercial activity, share your assumptions. Our experts will help you choose a suitable IoT platform functionality and development method.


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