Golden InfoNuggets - DEC 31 - JAN 11 - Business, CRE, Tech, Blockchain and AI

Also publish on LinkedIn and our GoogleGroup InfoPortal

BUSINESS, COMMERCIAL REAL ESTATE and TECH GOLDEN INFONUGGETS

We use a powerful method of sharing - post #GoldenInfoNuggets on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly.* 

Commercial Real Estate, Technology, Blockchain and AIhashtag

Nathan VonGunten (17 years - real estate) noted Ian Ritter (21 years - reporter/editor). "#BLOCKCHAIN’S #CRE FUTURE.  Among the main attractions for investors to blockchain are security, transparency and liquidity of capital. These deals are undertaken on a secure digital platform that can only be accessed by individuals with a network key. This leaves less room for misuse or manipulation of a transaction’s data." #Technology #Analysis #Business Lnkd.in/esm-pma via Lnkd.in/e2XtgJU

Kirk Borne (37 years - data, science, education) noted Forrester Research.  "2019 AI TRENDS; NO PAIN, NO GAIN with #ENTERPRISE #AI - expect to see major changes in how organizations use AI, the rise of new #DigitalWorkers’ and increased competition for #data professionals with AI skills" (#2019predictions #Technology #Analysis #Business #DataScience #Research #Expansion #Investment #SmallBusiness #Startup; edited - Lnkd.in/ezN_q_n):

• "Data doldrums continue to drag down AI - we predict continued investments in quality information architecture (#IA) as firms quickly realize that irrational exuberance for AI adoption must be equally met with solid efforts on an AI-worthy data environment." Lnkd.in/ecCs2Ut

• "USE AI in AI TALENT RACE.  67% of AI decision makers struggle with finding and acquiring AI talent; 83 percent struggle with retention [see list].  Traditional recruiting practices fail, causing companies to seek out new approaches and tools, such as applying AI to recruitment.”  Lnkd.in/eFYNEvk 

• "AI and #ROBOTS TO CREATE DIGITAL WORKERS in 40%+ ENTERPRISES.  Robotic Process Automation (#RPA) momentum started well before AI piqued interest in enterprises, but has been considered separate.  We believe that an RPA+AI technology innovation chain will turbocharge innovation efforts, in addition to combining AI's #MachineLearning and text #Analytics with RPA features to drive greater value for digital workers."  Lnkd.in/eE-Zgiq 

• "#EXPLAINABILITY and #AUDITABILITY.  Some #MachineLanguage algorithms yield transparent and easily-understandable models; others, most notably neural networks, are opaque.  Regulations will spur interest in explainability in 2019 from both enterprises as well as vendors. Business users will increasingly demand it from their #DataScience counterparts to trust the models that impact customers.”  Lnkd.in/edwgnqy 

• "10% of FIRMS LEVERAGING AI WILL BRING HUMAN EXPERTISE BACK into the LOOP.  “While #MachineLearning is exceptional at analyzing data, it lacks human reasoning capabilities.  Enterprise AI mavericks will rediscover knowledge engineering and digital decisioning platforms to extract and encode inferencing rules and build knowledge graphs from their expert employees and customers. #Data plus wisdom can dramatically accelerate the development of AI applications.”  Lnkd.in/ek_pZi2 

Angelica Krystle Donati (12 years - entrepreneur, writer).  #STARTUPS and #VCs PREDICT 2019 #PROPTECH - "2018 marked a fundamental shift in the sentiment for PropTech amongst #CRE players - implementation on course to happen in 2019 (#2019predictions #Technology #AI #Blockchain #Analysis #Business #Data #Research #Expansion #Investment; edited - Lnkd.in/eFkU978 and Lnkd.in/eRBEmcv): 

• STARTUPS.  'The real change has been in terms of the mindset' -  District Technologies;
• PropTech discovered - 'can only be expected to escalate' - Datscha;
• 'Autonomous vehicles (#AV), micro transit, and other last-mile transport modes will transform the real estate and retail industries, redefine urban boundaries, upend pricing dynamics and alter our definition of prime real estate' - PlaceMake.io;
• 'Implementation will continue to grow in 2019, with more companies formalizing their strategy and starting to really integrate new technologies into their workflows' - Proda Ltd" 
• 'Data and automation are expected to generate the most change' - KPMG Global PropTech survey;
• 'Working on robotics and drone programs to execute site scans more precisely and efficiently' - Dalux;
• AI will become increasingly foundational, transformative, and pervasive, and recommends that PropTech firms and their clients adopt an ‘AI first’ attitude' - Andrew Ng;
• "We will have to look to 2019 and beyond to witness the real estate industry really putting its money where its mouth is in terms of implementation."   Lnkd.in/eFWhgdW  and Lnkd.in/eemrh7n 

• VENTURE CAPITALISTS.  "Interest in real estate technologies has mushroomed, and investment has also followed suit, so asked 5 PT VCs - US, UK & EU - for thoughts on 2018 and expectations for 2019 [see article for briefs] - Aaron Block of MetaProp NYC, John Helm of RET Ventures, Taylor Wescoatt of Concrete VC, Faisal Butt of Pi Labs and Ricardo Schaefer of Loric Ventures:

• "2018 A GOOD YEAR and AS EXPECTATED? 2018 was a banner year for investments and milestone exits. Standouts include WeWork, Reonomy, OpenDoor, Compass and Oyo. Awareness of PropTech as one of the fastest growing tech sub-sectors increasing. [See quotes from VCs]" Lnkd.in/eqMd8iM

• "BIGGEST SUCCESSES 2018.  Investors cited booming PropTech landscape, with large financing / M&A transactions led by CoStar, WeWork, JLL, MRI, Silverlake, etc.  There's strong interest in adopting new technologies that enhance the experience of owners, operators and residents, with a particular focus on #SmartApartment tech.
• "BIGGEST DISAPPOINTMENTS 2018.  #Blockchain was expected to deliver more than just #CryptoCurrencies. The prevailing gap between tech and VC ecosystems, and ‘traditional’ real estate world was and will be challenging, but with tremendous value-add potential for investors, managers, intermediaries and occupiers.  Multifamily still has a slow sales and adoption cycles, with #RentTech concentrated in a few verticals." Lnkd.in/gREr9bG 

• "PROPTECH INVESTMENT LANDSCAPE, 2019?  All concur that 2019 will bring continued PropTech investment growth, with more deals done and more capital deployed, with real estate incumbents creating proprietary investment funds to deploy their digital strategy.  Highlights:
• PropTech-focused funds;
• More money entering the market, so top founders can pick their investors;
• PropTech winners will accelerate due to fundraising and debt/equity capital accessibility advantages;
• More US strategic investment in British and European proptech startups;
• We’re currently at the top of the economic and venture cycle; so if economy turns, their high valuations will come down to their natural levels."  Lnkd.in/eN7ghBA
 
• "SECTORS to WATCH and TYPES of TECH?  
• #FacilityManagement needs a champion;
• Sensors and smart buildings will start to show some winners;
• #ConstructionTech - so much room for improvement in operations, materials, safety, financing, etc;
• #RentTech will show an increase in the number and quality of entrepreneurs yielding more high-quality companies and ground-breaking products;
• #HomeAutomation and amenities services can provide multifamily owners and managers with simple solutions to complicated tenant experience problems;
• RentTech and PropTech will soon need an integrated solution;
• There's a clear trend towards B2B soutions across the real estate value chain - institutional and CRE investment, development and management - with more emerging around planning, project management and  construction tech;
• There still are plenty of opportunities for new startups to help millennials get on the housing ladder and own physical assets, with an intersection of #FinTech and PropTech."  Lnkd.in/ePSXzGp
 
• "HOPES FOR 2019?  
• To see Facebook, Amazon, Apple, Netflix and Alphabet (#FAANG) at Proptech conferences; 
• The industry will cross the $20 billion VC mark;
• The frequently-laggard US real estate industry continues to invest in innovation and to take queues from peers in Europe and Asia;
• Continue to see the multifamily industry adopt new technologies;
• Quality deal flow, growing portfolio performance and driving strategic initiatives;
• Real estate investors and asset managers across Europe will continue to embrace PropTech through more direct investments and strategic partnerships;
• The sector to continue to mature with later-stage raises and exits;
• 2019 will be another banner year for PropTech ... can’t wait!" Lnkd.in/eDK3QEU

Dinesh Acharya (17 years - real estate) of JLL. "REAL-LIFE DESIGN LESSONS from VIRTUAL REALITY (#VR). Leaps in #technology have brought us closer to science-fiction films, like the upcoming, 'Ready Player One' (RP1, circa 2045) where most people spend their waking lives in a VR universe. Better that we design places from the user perspective, fundamentally change our thinking about 'place' as a service or experience, rather than a container and contents. Key themes from 'RP1' that have real world implications (#CRE #AI #Analysis #Business #Research #Expansion #Investment #Startup; edited - Lnkd.in/eqaJG6n):

• "Experience is an #ECOSYSTEM - manage user experiences, services and rewards TOGETHER to make the #UX much more compelling." Lnkd.in/esaiahM

• "THINK PHYSICAL and #DIGITAL.  The digital experience is often an afterthought when we design physical places, but increasingly, digital and physical must be integrated to create a seamless experience.  For example, via an app, ordering a coffee-to-go and paying for it, then picking it up with no queue and a personal greeting from the barista feels great - better still if loyalty is rewarded with bonuses or discounts [automatically]." Lnkd.in/eaJKMpH

• "TAILORED JOURNEYS.  In RP1, people can be whoever they want to be – appearance, ethnicity, gender or species, and they can ‘choose their own adventure.'  Understanding the unique needs of individuals and tailoring journeys is the first step when conceiving experiences or services that people will love."  Lnkd.in/eCKwyAf

• "CO-CREATION.  It’s important we work closely with users to co-create experiences from the collective-user perspective rather than a single-institutional point of view.  It’s about really listening to the voice of the customer and exploring and designing proposed concepts together with them."  Lnkd.in/eBVAZG5 

• "UNPLUG and RECONNECT.  Online cannot be the only place where people find a sense of belonging. We must encourage people to take time to maintain meaningful relationships and participate in memorable real-world experiences.  Good design must facilitate these experiences."  Lnkd.in/eDtDVVK 

Commercial Real Estate and Business

Sam McNeil (37 years - finance, capital). #IPO NUMBERS UP, VALUES DOWN - YoY Proposed Deals are at least 50% up, in #Consumer #Services, #Energy and #Financial Sectors; Consumer #Goods are even and REIT down 50%.  However, those up have about the same valuation, and those even or down are <25% YoY. (summarized; charts at NYSE.com/ipo-center/backlog) LinkedIn Post

Responding to JT Kostman (17 years - IT, teaching). Robot people will be the first to be REPLACED BY #ROBOTS. Empathetic, thinking unskilled labor next, followed by low-tech skilled labor. Those who truly know #AI, #AR, #Blockchain #Programming #Robots #PropTech #FinTech #AV and how to #solve the #problems they create will have #work. Who will you all be? Linkedin Comment re Linkedin Post. Photo Credit

Don Catalano (30 years - real estate). GREEN OFFICE-SPACE ADVANTAGES. "#GoingGreen can reduce costs, improve employee morale and boost the public perception of your company. Small changes to your workplace have big impact (#2019 #CRE #Technology #Business #PropTech #Research #Investment #Startup; edited) Lnkd.in/eaucDMZ):

• "#GREENERY. Living plants improve indoor air quality by taking in exhaled CO2 and releasing O2. Plants help to make offices feel more inviting and bring a bit of the outdoors indoors. [Add dense deciduous plants on sunny outsides - cool in summer, let sun through in winter;
• #ENERGYSTAR. Look for office equipment models that are ES certified, which meet EPA standards for energy efficiency - good for the planet and reduce utility costs;
• #NATURAL LIGHT. Remove heavy blinds that prevent light from entering, and consider putting work areas near windows - reduces eyestrain and improves employee #morale." Lnkd.in/eHCt8Su 
• "SMARTEN UP YOUR THERMOSTAT. Switch to a smart system that automatically adjusts performance during off hours to maintain optimal working conditions and reduce energy costs;
• UPGRADE YOUR LIGHTING. LED fixtures consume less energy, give off less heat, and can burn for thousands of hours, saving utility costs, cooling and bulbs. [Shield LEDs to cut glare and use max natual lighting.];
• ENCOURAGE ALTERNATE TRANSPORTATION. Incentivized use of public transportation, car pooling, [ride sharing] and biking, helps your eco footprint. Build facilities to accommodate bikes [and drop offs]." Lnkd.in/esSrcRv
• "GO PAPERLESS WHERE POSSIBLE for record keeping and documentation - saves in supplies over time. Paperless systems tend to streamline processes, which can increase productivity;
• CHANGE CLOSING PROCEDURES. At the end of the day, shutdown computers, turn off all office equipment and switch off [non-essential] lights - cuts down on utility costs;
• ISSUE CHALLENGES. [Collaboratively set] green goals, then issue a challenge to your departments - the best to comply receives a prize such as catered lunch or gift cards." Lnkd.in/dB4Bd4H

Diego Lo Giudice  (33 years - analyst, researcher).  OMNICHANNEL FUNCTIONAL TESTING AUTOMATION (#OFTA) SPEEDS #SOFTWARE DELIVERY and #DIGITAL BUSINESS.   Forresters 7/2018 Wave™ report says, "Nearly 75% of global services tell us they are investigating or implementing a digital transformation. (#Technology #Analysis #Business #Data #Research; edited - Lnkd.in/eQ3fuUp):

• TOP 15 LEADERS:  Conformiq, Eggplant, Experitest, IBM, Micro Focus Silk, Micro Focus UFT, LogiGear, Microsoft, Parasoft, Perfecto, Ranorex, Sauce Labs, SmartBear Software, Tricentis and Worksoft.

• APPLICATION TESTING is right in the middle of this whirlwind. So becoming a successful digital Agile-plus-DevOps shop means that software testers must work with development teams that: 
• Design, build, and test quickly and iteratively; 
• Differentiate with user experience (#UX) per Forrester's #CX (quality) Index™ - effectiveness, ease, and emotion;
• Have technical quality as a primary objective." Lnkd.in/eqMd8iM

• PRESSURE INCREASING ON TESTERS.  "Since 2013, testing practices and tools have become integral to development. 68% of Agile teams include testers in their product teams, 51% are dedicated full-time to one project/ product, and 27% use test-driven development (TDD).  Short- and longterm challenges for testers lie ahead:
• Test automation is still underpenetrated;
• Developer-tester skills are hard to find;
• Customer experience (#CX) testing is not for the faint of heart." Lnkd.in/eHTAzhY

• TESTING TOOL MARKETS are evolving to address new and existing challenges. Forrester evaluations include OPEN SOURCE, test design automating SELECTIVELY rather than comprehensively, as well as recent TRENDS [report references many products and companies]:
• "MOBILE-FIRST BUT NOT MOBILE-ONLY - design and develop innovative mobile applications and then retrofit them for largerscreen technologies.
• "MAINFRAME TESTING - not dead due to distributed and cloud computing - now part of the pragmatic cloud. With some renewed attention to mainframe because of back-end application modernization investments, enterprises often require continuous delivery pipelines and testing to be on mainframe too.
• "#AI and #MachineLearning better test and automate, using natural language /text understanding, voice, video and image recognition, super-efficient pattern matching and the ability to make predictions. Services organizations are leveraging AI and ML to make better decisions and optimize automation, and new ones are making testing more autonomous." Lnkd.in/ev6ZXyv 

Douglas Karr (20+ years - marketing).  "2019 VIDEO TRENDS (summarized - Lnkd.in/ey6T4Nj via Llnkd.in/enGwf5w):

• Short-lived #video content on #socialmedia;
• Focus on #streaming live video;
• Square-shaped and vertically shot videos;
• Influencer video #marketing;
• Closed captions or subtitles in videos;
• The growth of usage of explainer videos;
• 360-degree videos and #VR videos gaining momentum;
• Personalized videos for #sales and marketing;
• Video production getting wallet-friendly."

Much more from earlier and originals at our LinkedIn Posts

Please email the links to your related articles to Articles@ProsperSystems.biz - especially the following headline, the subject of our deepening research.  We'll share them as #GoldenInfoNuggets for our followers, and notify you when we do, so you can re-share and re-mind your followers of your content. 

PROSPER SYSTEMS, LLC (.biz) • Kenton H Johnson (.com), Founding Member

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NOTE:  We do ANALYSIS of Real Estate LEASEES, FINANCING, PROPERTIES, BUSINESSES and STARTUPS, and 

Prepare then Refer the FUNDING OPTIONS

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*GOLDEN INFONUGGETS are: 

• Quickly consumed, memorable and powerful
• Linked to the source for much-deeper information
• Edited and summarized showing understanding and thought leadership
• Mainly shared content from professionals in Commercial Real Estate, Business Consulting, and Thought and Executive Leadership
• When authors truly engage on LinkedIn (personal), they are shared on Twitter and LinkedIn (company), then aggregated, at least monthly, on this Blog, as a LinkedIn article, The News Funnel, CRE Collaborative Blog, up to 33 Linkedin Groups, and our GoogleGroup InfoPortal with a total of 2,600,000 followers.
• Posted originally on LinkedIn at LinkedInGoldenInfoNuggets.ProsperSystems.biz.

Of those who we've shared, the savvy ones Comment or Share these #GoldenInfoNuggets as additional exposure, as well as serve the community and remind their followers of their wisdom.

Golden-Nugget Shares - Business, CRE, Tech, Blockchain and AI - December 17-28

Also publish on LinkedIn and our GoogleGroup InfoPortal

BUSINESS, COMMERCIAL REAL ESTATE and TECH GOLDEN NUGGETS

We use a powerful method of sharing - post “Golden Nuggets of Information” on Social Media multiple times daily or in regular emails (every 5-15 days).  We’ve been sharing the essence of articles and a few powerful comments regularly.* 

Commercial Real Estate, Technology, Blockchain and AI

Kirk Borne.  COLD-START PROBLEM. "How does #DataScience #Model-building get started towards the optimal solution? Make a guess! Then work towards increasing performance using an #ObjectiveFunction - cost or benefit - a measure of model performance. Make incremental adjustments, correcting towards the better perfomance." (#Technology #AI #MachineLearning #DeepLearning #Analysis #Business #Research #Expansion; heavily edited; examples follow - Lnkd.in/ejxfmHf via Lnkd.in/eNx2ZRW):

• "#CLUSTERING ANALYSIS (such as K-Means Clustering), where the initial cluster means and counts are not known in advance (thus initialized randomly), but the compactness of the clusters can be used to evaluate, iterate and improve the set of clusters in a progression to the final optimum set of clusters."  Lnkd.in/eCJYtYh

• "#NEURAL NETWORKS, where the initial weights on the network edges are assigned randomly (a cold-start), but #backpropagation is used to iterate the model to the optimal network (with highest classification performance)."   Lnkd.in/eMD5Z5K 

• "#TENSORFLOW #DeepLearning, which uses the same #backpropagation technique of simpler #neural networks, but the calculation of the weight adjustments is made across a very high-dimensional parameter space of deep network layers and edge weights using tensors."   Lnkd.in/emczzCX

• "#REGRESSION, which uses the sum of the squares of the deviations of the points from the model curve in order to find the best-fit curve. Linear regression is well defined.  Non-linear regression is not typically a closed-form set of mathematical equations [and requires a guess at its form], but the minimization of the sum of the squares of deviations still applies."  Lnkd.in/ebPkKYu

• "#NONCONVEX OPTIMIZATION, where the objective function has many hills and valleys, so that gradient descent and hill-climbing will typically converge only to a local optimum, not to the global optimum. There are techniques to generate lots of random (cold-start) models and then iterate each of them until you find the global optimum.  See his graphic and note on genetic algorithms - these are not machine learning algorithms specifically, but they are actually meta-learning algorithms."  Lnkd.in/egtySGW

• "NAIVE #BAYES CLASSIFICATION, which applies Bayes probability theorem to a large data set for which some combinations of attributes and features are not represented in the training data - a cold-start challenge.  Assuming different attributes are mutually independent, then one can estimate the posterior likelihood for what the class label should be for a new data item with a feature vector (set of attributes) that is not found in the training data."  Lnkd.in/eR6Sx-R 

• "SOCIAL NETWORK (link) ANALYSIS, where the patterns in the network - centrality, reach, degrees of separation, density, cliques, etc - encode knowledge about the network, such as the most authoritative or influential nodes in the network.  Applies algorithms like PageRank, without any prior knowledge about those patterns - a cold-start."  Also see #kNN, #MARKOV MODELING and ASSOCIATION RULE MINING.   Lnkd.in/ewWTPG2

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Hassan Syed noted Guardian News & Media:  #BLOCKCHAIN - SO MUCH BIGGER than BITCOIN - "may just change the way we run our lives, since BC allows the authentication of transactions without them needing to be administered or guaranteed by a central authority (#Technology #Analysis #Business #Data #Research #Investment #Startup; edited -Lnkd.in/evvccMa):

• "#VOTING. Ballot boxes and current online voting platforms are vulnerable to manipulation; now a startup called Follow My Vote is developing a blockchain-based system to ensure #security, #transparency and mathematically accurate election #results." Lnkd.in/ehbjukh

• "#POWER GENERATION.  BC enables homeowners to sell back energy to the grid bypassing the energy provider, or manage their own, independent microgrids. The BC allows them to set their own price, without an price-setting, commission-taking intermediary."  Lnkd.in/em8K2_s

• "#MUSIC #STREAMING.  Prepare to have your listening habits disrupted by BC-based music streaming services, without a service such as Apple Music or Spotify taking a cut.  A BC system called Voise is enabling artists to set a price of which they receive 100% of user-streamed music." Lnkd.in/em8K2_s

• "#HEALTHCARE.  Medical records are often scattered between GPs, clinics and labs. A BC-based health record could be read and updated from multiple locations or services and would contain the adders' IDs. The patient can choose whom to share it with. Example - MIT's MedRec."  It will take strong effort and "an Act of Congress" to be approved within #HIPPA law." Lnkd.in/eE-FgZu

• #AID.  In 2012, the UN estimated that 30% of development aid was lost to corruption; they have BC-based projects looking to solve issues in delivering aid.  In a food programme pilot project, refugees made purchases at the camp supermarket, authenticated by iris scans, and their spending deducted from their #Crypto allowance, cutting transaction fees and the frequency of fraud and theft."  Hopefully, the original food distribution will be tracked by BC to make this work well.  Lnkd.in/eE-FgZu

John Carpenter noted Hyperledger. "#HYPERLEDGER URSA is a modular, flexible #blockchain #cryptography #library to make it much safer and easier for our #DistributedLedger projects to use existing, time tested, and trusted cryptographic libraries but also new cryptographic library implementations. It is much better to collaborate on a shared library for many reasons, including: avoiding duplication, security, expert review, cross-platform interoperability, modularity and new project launches." (#Technology #AI #Business #Data #Research #Expansion #Investment #SmallBusiness #Startup; edited - Lnkd.in/ekwdJ9H via Lnkd.in/eBFHugG):

• "AVOIDING DUPLICATION. #Crypto implementations are notoriously difficult to get correct and often require much work to achieve a high level of #security. The library allows projects to share crypto implementations, avoiding unnecessary duplication and extra work." Lnkd.in/eY-rdHr

• "SECURITY. Having most of the crypto #code in a single location substantially simplifies the security #analysis of the crypto portion of #Hyperledger. This means maintenance is easier and more efficient. The presence of easy-to-use, secure crypto implementations might also make it less likely for less-experienced people to create less-secure implementations." Lnkd.in/eY-rdHr

• "Expert REVIEW. The ability to enforce expert review of all #cryptographic #code should increase #security as well. Having all of our cyptographic code in a single location makes it easier to concentrate all of the cryptographic expertise in the project and ensures that code will be well reviewed, thus decreasing the likelihood of dangerous security bugs. Lnkd.in/eTiPQkA

• "Cross-Platform #INTEROPERABILITY. If two projects use the same crypto libraries, it simplifies cross-platform interoperability, since cryptographic verification involves the same protocols on both sides." Lnkd.in/eTiPQkA

• "#MODULARITY. This could be the first common component/module and a step towards modular #DistributedLedger platforms, which share common components. This modularity brings in terms of actual functionality, a successful #crypto library encourages and pushes forward more modular activities. Lnkd.in/ewjhKnr

• "NEW PROJECT LAUNCHES. It is easier for new projects to get off the ground if they have easy access to well-implemented, modular cryptographic abstractions." Lnkd.in/ewjhKnr

• "FUTURE PLANS: "Focused on a shared modular-#signature #library, but exact implementations and APIs have not been finalized. Beyond that, they expect other wrappings and modular code to go in this library: use aggregate signatures, #hash #algorithms, selecting vetted implementations and providing a common #interface." Lnkd.in/eBi6wWu

Pedro Uria-Recio. MISTAKES CORPORATES MAKE IN THEIR ADVANCED #ANALYTICS PROGRAMS (#Technology #Analysis #Business #Data #Research #Expansion #Startup; edited; previous post Lnkd.in/es7WjvW; Lnkd.in/e78WPx3):

• "#STRATEGY:  Day-dreaming that analytics is a plug & play magic wand that will bring very short-term #ROI • Solving problems that are not really worth solving • Relying solely on vendors or consultants for analytics, especially on model creation • Not developing a fully comprehensive list of priorities • Saying yes to random requests • Assuming that abstinence from external data monetization or from cloud is the solution to data privacy and security."  Lnkd.in/eVykAUu

• "PEOPLE. Organizing analytics under functions which do not drive the business on a daily basis • Letting multiple analytics teams flourish with organizational silos among them • Attracting talent only through base compensation • Hiring a bunch of PhDs who strive to develop highly nuanced models instead of directionally correct rough-and-ready solutions • Hiring a technical or non-technical Chief Data Analytics Officer - needs to be both • Not bringing domain experts and internal business consultants to the analytics teams • Neglecting the creation of a data-driven culture through active coaching across the whole organizations • Not being objective enough and remaining biased to the status quo or leadership thinking."  Lnkd.in/egwysYT 

• "EXECUTION:  Not embedding analytics in the operating models and day-to-day workflows • Not collocating data scientists with the business teams they support • Managing analytics projects in waterfall • Not being able to scale analytics pilots up • Neglecting data governance as a fundamental enabler."   Lnkd.in/egHZD-t

• "#TECHNOLOGY:  Trying to create data science models without refining your data engineering infrastructure • Not using any of the following basic technologies • Having technological siloes among data repositories which makes it difficult to integrate different kinds of data into a model • Not automating analytics through A.I., which can be an extremely smart assistant to data scientists."  Lnkd.in/eFxx8F5

• "#FINANCE:  Not allocating enough budget • Not measuring the ROI."  Lnkd.in/eFxx8F5

Commercial Real Estate and Business
ashtag

hashtag

Don Catalano. TOP DEAL BREAKERS for #CRE TENANTS (#Analysis #Business #Data #Research #Expansion #Investment #Startup; edited - Lnkd.in/em_g_Ky):

• "EXCESSIVELY LONG #TERMS. Having tenants committed for years at a time means not having to go through the hassles and expenses of filling vacant spaces. But for the tenant, who may find that business needs remaining unchanged over the years, it's more likely that what's best tomorrow won't be the same as what's ideal today."  Lnkd.in/eF3Ax-m

• "EXCESSIVE / UNCLEAR #FEES, which are a common part of CRE leases, so examine them closely:  What's the going rate for a particular fee in the local market • What are the fees for, when assessed, how much and when due • If you can't pin them down in clear language added to the contract, look elsewhere."  Lnkd.in/e6wRrBs 

• "#FORFEITURE OF RIGHTS.  You should be able to move into a commercial space in good faith, believing the contract terms.  But ... there are unscrupulous landlords and unforeseeable circumstances after you move in.  If a disaster happens, you need an out, so NEVER waive your legal rights to take any type of action against your landlord."  Lnkd.in/ehJYzQP

• "UNWILLINGNESS to PUT THINGS in WRITING.  Put promises in writing - verbal agreements are not enforceable in a court of law - if landlord refuses, restart your search.  Adding a new clause, inserting a sentence or rewording an aspect of a contract only takes a few minutes.  Lnkd.in/emzEegN

• "UNFAVORABLE RENEWAL TERMS.  Always get a right to renew your property at the end of the lease.  You should have a chance to say whether or not you wish to remain in your space but not be obligated to remain in a place that no longer works for you."   Lnkd.in/emzEegN

Much more from earlier and originals at our LinkedIn Posts

Please email the links to your related articles to Articles@ProsperSystems.biz - especially the following headline, the subject of our deepening research.  We'll share them as Golden Nuggets for our followers, and notify you when we do, so you can re-share and re-mind your followers of your content. 

PROSPER SYSTEMS, LLC (.biz) • Kenton H Johnson (.com), Founding Member

LinkedIn • LinkedIn Company Page • Twitter
USA 302KentonJ (GoogleVoice 302-536-8665 to mobile and Hangouts)

​BRIEF • INFOportal​​ • TEAM Resume • Referral Income Schedule • Calendar

Buying and Selling Interests • Subscription Consulting​ • Project Support Services

NOTE:  We do ANALYSIS of Real Estate LEASEES, PROPERTIES, BUSINESSES and STARTUPS

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*GOLDEN NUGGETS OF INFORMATION are: 

• Quickly consumed, memorable and powerful
• Linked to the source for much-deeper information
• Edited and summared showing understanding and thought leadership
• Mainly shared content from professionals in Commercial Real Estate, Business Consulting, and Thought and Executive Leadership
• Shared on:  LinkedIn (company), LinkedIn (personal), Twitter (automatically from LinkedIn), then highlighted on our Blog (weekly), The News Funnel (weekly), as a LinkedIn article (weekly) and our GoogleGroup InfoPortal (weekly/semi-monthly)
• Posted originally at LinkedIn.ProsperSystems.biz.

Of those who we've shared, the savvy ones Like or Comment on these "Golden Nuggets" as additional exposure, as well as serve the community and remind their followers of their wisdom.