CPIP is the next generation of IWMS software for workplace management
Independent consulting firm Verdantix introduced the concept of Connected Portfolio Intelligence Platform (CPIP) as a new IoT-enabled software category for real estate and building optimization. In this report, Verdantix establishes CPIPs as the next generation of Integrated Workplace Management Systems (IWMS), delivering enhanced customer value through insights derived from IoT and advanced analytics.
Fill in the form and download your complimentary report
Verdantix defines CPIP as:
“Cloud-connected platforms that help firms enhance the performance of buildings across portfolio management, operations and employee experience. These platforms intelligently combine data from building systems, smart building devices and IoT sensors with advanced analytics, such as AI and ML.”
Why Spacewell is considered a CPIP
As a leading IWMS vendor, Spacewell started developing a hardware-independent IoT platform for Smart Buildings years ago (then called Cobundu). Today, Spacewell is one of the select few market players named a Leader in both IWMS and IoT platform solutions in Verdantix’ 2022 GQ benchmark studies. Although we recognize the power of each solution individually, it’s by integrating them that we radically elevate the performance of both systems.
Smart Building technologies can generate troves of real-time data about space usage and environmental factors. While analysis and visualization provide insights for improvement that are valuable in themselves, their value increases exponentially when these insights are made actionable through workflow-based process automation. Based on this understanding, Spacewell has developed its product to offer customers a comprehensive IWMS solution that is smarter, more mobile, and more connected. In other words, by evolving Spacewell toward a Connected Portfolio Intelligence Platform.
CPIP key components
Spacewell has a strategic focus on cloud-first IoT-enabled software. Spacewell Workplace and Spacewell Energy reflect the key components of CPIPs as described by Verdantix:
- They contain a broad suite of modules
- Real-time data input from sensors, building equipment and existing systems
- Integrations across third-party and best-of-breed solutions
- Consistent user interfaces across modules and devices
- Advanced analytics and data visualization tools across multiple modules
To read more about the evolution of IWMS and the rationale for CPIP, download your complimentary copy of the Verdantix report.
Want to take a sneak peak before downloading? Here is an extract of the Verdantix whitepaper on Transformative Workplace Management:
CPIP: The Value Proposition
A connected intelligence platform offers numerous advantages over separate solutions for facility management and modern workplace management. Three categories of benefits are of particular note, generating financial and human benefits in the short-term while also positioning clients to implement transformational solutions in the long-term.
While these benefits can be captured to various degrees by each of the separate software types, a connected solution can unlock the full potential of these technologies for the modern workplace:
- Streamlining
- Innovation
- Resilience
Streamlining benefits
First, and most obviously, it can offer streamlining benefits in the form of lower costs and higher efficiency. For clients that already use IWMS and IoT platforms for smart buildings, switching to a unified solution can:
- Simplify troubleshooting by directing all service requests to a single touchpoint.
- Reduce the risk of data translation errors or losses,
- Eliminate compatibility issues,
- Facilitate data sharing or pooling across business silos to enhance analysis capabilities,
- Improve automation capabilities,
- Enhance the user experience by presenting a common interface that can be accessed from a single mobile app,
- Lower subscription fees by reducing the number of vendors, and
- Simplify troubleshooting by directing all service requests to a single touchpoint.
Innovation benefits
Second, a connected intelligence platform forms the foundation for cutting-edge technologies like machine learning and artificial intelligence in building management, which rely on huge quantities of reliable, relevant, and easily processed data. Thus, CPIP generates tremendous innovation benefits.
The potential for machine learning in building management has been gaining recognition in recent years, covering such possibilities as predictive maintenance and real-time management of temperature and light to achieve cost savings and optimal comfort. These applications require not just ongoing data collection but also training data to set initial baselines and pattern analytics. Early adoption of CPIP to ensure rapid migration is thus essential to gain competitive advantages.
