October 4, 2022
  • October 4, 2022

Real Estate: Business Transformation Service Sheet – Real Estate

By on September 20, 2022 0

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The real estate industry is experiencing significant growth, disruption and change: a trend that is expected to continue in the years to come. This industry-wide change is forcing investors and property owners to re-evaluate their operations with the goal of increasing operational efficiency and effectiveness. Once used to managing through manual processes, real estate companies are implementing technology to improve automation and workflows. At the same time, they are evaluating their approach to improving data management and technology, processes, and the alignment of their organization’s structure.

How we help

FTI Consulting’s real estate business transformation services professionals understand the challenges and issues of the real estate industry and are uniquely positioned to help clients navigate these complex issues.

Services

Operating Model Assessment, Design and Implementation Services

  • Operating model scalability assessments

  • Technology selection and implementation

  • Organization design

  • Design of processes and policies and procedures

  • Project management

  • Organizational change management

  • Outsourcing strategy and implementation

  • Data strategy and design

  • Data governance

  • Data analysis and dashboard design

  • Data processing and automation

Abilities

Operating Model Assessment, Design and Implementation Services

Most real estate companies have traditionally operated in an entrepreneurial way, with the back office taking a back seat. Yet industry leaders today committed to building an optimized business that leverages enhanced business intelligence, delivers a more optimal customer experience, better risk management and long-term operations at lower cost. The rise of the PropTech movement and the pace at which the industry is changing has deepened the gap between leaders and others.

Our services include the following:

  • Operating model scalability assessments

  • Technology selection and implementation

  • Organization design

  • Design of processes and policies and procedures

  • Project management

  • Organizational change management

  • Outsourcing strategy and implementation

Data Analytics and Management Services

The most forward-thinking organizations see data as an asset to make better investment decisions, manage risk, and provide insightful data to investors. Data governance is key, as are efficient processes and supporting technologies. In the past, real estate industry data was not transparent; systems had closed architectures, core metrics lacked standardized definitions, and the few available industry data sources were unreliable. Yet, recent years have seen a revolution in terms of new tools, technologies and data sources. Many organizations have access to large amounts of data, but face the challenge of defining data uses and implementing processes and technologies to maintain effective data management. Current market data has become a competitive differentiator.

Our services include the following:

  • Data strategy and design

  • Data governance

  • Data analysis and dashboard design

  • Automation of data collection and processing

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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