Embracing the Future: How the Human Element and CRE Technology Work Together For Success

By Guy Gray | CRE Technology

Apr 05
Embracing the Future - How the Human Element and CRE Technology Work Together For Success

If you’ve ever watched a post-apocalyptic, sci-fi movie you’ve probably encountered the frightening scenario where artificial intelligence or computer programs take over for human decision making. In the last few months alone we’ve seen alarming, if not sensationalized, reports of sophisticated tech developing language and processes of its own. It’s enough to make you plug that rotary phone back into the wall and disconnect your televisions from the wireless network.

Not all technology should be viewed with doom and gloom for replacing human judgment, however. When it comes to sophisticated property management solutions, such as those offered by Quarem, advances in software and information management provide a complement to human collateral, relying on the judgement and critical analysis of property managers and qualified individuals and optimizing the input and performance of both the human and robotic elements.

If you’re a CRE professional concerned that lease automation, property management or other software solutions will be replacing you or your employees, we’re here to tell you to think again. Keep reading to discover the balance that can be found between humans and dynamic software solutions.

Organization – Let the Tech Take Control So You Can Focus on the Details

From graphing calculators to sophisticated guidance systems, technology has integrated itself into our daily lives in useful and productive ways. Databases and analytical tools gather reams of information into one centralized place. What is replaced in the process is the need to sort mindlessly through data to find that one particular detail before you can even begin to process the information. Tasks such as paper sorting, copying and pasting or even data entry are eliminated, which means that valuable time is saved. Now, you can focus your mind power on analyzing the data, and forecasting the future of your organization.

Property management software, such as Quarem’s Access and Vantage platforms, make the process of managing your CRE portfolio more efficient by eliminating the need for purely administrative tasks and other time-sinks. Instead of spending hours searching for one particular lease term or setting up comparative analyses, you can organize your data with lease administration software, and find the answer more efficiently.

Good Decision-Making Stems from Seeing the Big Picture

What even the most advanced technology can’t do is replace the ability to apply human reasoning and analytical thought when it comes to seeing the big picture. But, how can we efficiently see the precise big picture? By processing the information through a sophisticated platform. Unfortunately, there isn’t a Magic 8-Ball for business analysis. That’s exactly why humans and tech can, and do, coexist in business. Talented and experienced CRE portfolio owners and managers still need to process the information and use their valuable skills to make important decisions that impact their day-to-day commercial real estate business.  Data can be gathered from a multitude of disparate sources and compiled into an easy-to-use, easy-to-analyze database.  It’s up to you to process it using the irreplaceable nuances of human skill.

When you link up with companies like Quarem, you make those valuable analytical skills stronger. Quarem’s CRE data management solutions come with acclaimed customer support and superior training of your current talent and management. From implementation and beyond, Quarem believes that lease administration software is only as good as the company and team willing to stand behind the brand to provide ongoing maintenance, updates, training and more. Quarem Access is our next-level program that offers sophisticated business consulting tools for the CRE professional on the go. Want to make the big portfolio decisions and grow your property empire without all the hassle of day-to-day management? Maybe you need a set of expert eyes to identify portfolio, market or locality trends so that you have the information you need to help pull the trigger on that next purchase, refinance or sale. Quarem’s team of professionals comes with years of specialty tech and CRE experience that enable us to be your day-to-day partners in the CRE world.

Technology Means Mobility

The world of CRE is constantly evolving. It is vital that you free up as much time as possible so that you can put your skills to work and keep up with the industry. As mentioned above, leveraging CRE technology means eliminating the tasks that eat up most of your day. Rather than maintaining mountains of files, you can spend your time discovering updated ways to grow your organization or focus on learning and networking by attending seminars or trade organization events. The beauty of utilizing technology is that your data is mobile. You have the ability to access your important information on the go.

Embracing Technology – Your Talent, Our Platform

As with any software solution, the trick is in the implementation and ensuring that every user has the background knowledge and familiarity with your chosen platform so that the asset can be properly leveraged. Whether you choose the comprehensive Quarem Vantage solution or Quarem Access’ expert human-level analysis, the Quarem team will ensure that our technology solutions are shaped and formed to your business needs. Our team of experts is available for on-site development and consultation, ready to demo, analyze, build and customize a platform that works best for your CRE portfolio needs. If you’d like to learn more about what Quarem can do for you, call today for a free initial consultation, or visit us at www.Quarem.com.  From design to implementation and beyond, Quarem is your one-stop partner for all of your lease administration property software needs.

About the Author

Guy Gray serves as Chief Operating Officer overseeing our technology and client services teams. He is responsible for guiding Quarem application development, networking and security, as well as new client implementations.

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