PropData Flows

Service provider ecosystems are the primary source of data generation and future value.

Individual Entities

Each entity in the digital relationship is an independent data provider and/or consumer. PropTech platforms in construction, management, maintenance and operations may be both data consumers and providers.

Entities that write PropData are usually paid service providers earning a fee for their services. Data entry and/or strategic production will be the standard in future work deliverables.

Equally those who contribute technical data on materials, equipment and specifications benefit by reducing manpower demands and improving logistical insights by making the data accessible. Even local governments have realized manpower efficiencies enabled by technology.

As with all knowledge, time and effort creates value and intelligence. In the case of property and build environments, PropData value growth occurs proportionate to data storage growth. Property data valuation forecasts suggest a landslide of value is expected to materialize as data consumption emerges.

Technology, security and business experts recommend property owners maintain a degree of separation between the digital property identity, data storage and data consumer entities. Trusted gatekeepers and data brokers will likely emerge to assure ownership receives the best value from data as accessibility agents.

EPI – The Data Authority

Relationships between Property Managers (et al.) and other trusted Service Providers (SP) follow the approval process for contributions to property data containers. Data Users exist naturally by necessary access of employees and immediate service providers like banks, consultants and property managers.

Independent Encrypted Property Identity (EPI) assure property owners retain data ownership and authority to grant [or delegate authority to grant] access to external Data Consumers. This is necessary to protect the value of stored data, assign and collect fees from third parties who intend to profit from property data.

For security and future revenue purposes, we separate data generation processes from data storage (digital twins) and third party usage while leveraging accessibility internally by current ownership and their service provider networks.

EBI Authority, granting access and delegating authority to grant access rests solely in the hands of the current Property Owner. A Property Management firm or internal department is an example of delegated authority. In this case, authority is related to the Data Generation side of data operations with strategic access as Data Users.

BIM – Data Storage & Use Cases

Building Information Model (BIM) is a container of information about a property and its structures. AEC Professionals have been maintaining BIMs on client property’s for decades as proprietary information. Rightfully so, professionals in the past had to sift through mountains of paper to create information containers they could use to perform their jobs.

Digitized, BIM data will simplify current manual processes by automatically making data available to applications and users in real time during the normal course of business.

Architects, consultants and tenants may access BIM data during design stages as Data Users. Civil engineers, city planners and ESG platforms would be Data Consumers subject to usage fees.

Strategic Data Exchange

Protect Your Data’s Value!

Property Management firms currently give away data without knowing its value. Compliance platforms are just one example of business models that leverage a property’s list of service providers to earn a profit. 

In business circles, there’s always a price or cost attached to customer acquisition referred to as CAC. This metric is used to measure the dynamics of profitability and efficiency of sales. The CAC is much lower for SaaS companies that target markets easier to access than real estate. 

In real estate, the CAC cost is five (5x) to nine (9x) times higher than traditional software markets. The value of that data to SaaS firms can reach $1,800 per service provider depending on who is acquiring the information. Its worth more if PropTech platforms successfully charge the PM’s contractors and other service providers – to do business with their own clients.