The Slow Pace of Big Change Disrupting the Real Estate ... · The Slow Pace of Big Change...

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The Slow Pace of Big Change Disrupting the Real Estate Sector From the Inside Out Garry Golden EMEA Real Estate Conference 2018 - Paris Forward Elements

Transcript of The Slow Pace of Big Change Disrupting the Real Estate ... · The Slow Pace of Big Change...

Page 1: The Slow Pace of Big Change Disrupting the Real Estate ... · The Slow Pace of Big Change Disrupting the Real Estate Sector From the Inside Out Garry Golden EMEA Real Estate Conference

The Slow Pace of Big ChangeDisrupting the Real Estate Sector

From the Inside Out

Garry GoldenEMEA Real Estate Conference 2018 - Paris

Forward Elements

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2007 2017

The Slow Pace of Big Change

Why Software is Eating the World…

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Four Futures Thinking

3

Disciplined Constrained

Decline Collapse

Transformed Continued

Growth

?2008 – 2014

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Foresight: The Ability to Describe Our Four Futures

4

Continued Growth

Disciplined Constrained

Transformed Decline Collapse

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Blockchain Trusted Transactions & Programmable Assets

Drivers of Change 2020 – 2030

Data Disruption Nature of Our Work

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In the News

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Stanford Business School is piloting a program with Experience.ai to capture experience data from learning, project performance and decision processes within case study groups. Stanford’s vision is for every student to retain rights to experience data and build a critical personal digital asset for the future.

True False

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Context of the Creepy Line

Inevitability of Dealing with the Creepy vs Compelling Line in..

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Social Data

Health Data

Learning & Work Experience Data

Device + Place Data

“I did this…”

Data as an Asset Class for Individuals, Society & Enterprise

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The Big Idea…

Era of Experience Graphs

Era of Social Graphs

‘Graph’ Era of Connected Data

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CourseReal World

3 hours

300 hours

“I did this…”Statements

2020s: Experience Data Appears Inside Workplace

Seamless Integration into Enterprise Software

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“I did this…”Statements

❑ Sarah read an article on blockchain for automating compliance ❑ Sarah opened an Evernote folder on blockchain solutions ❑ Sarah watched a Youtube video introducing the Ethereum blockchain ❑ Sarah searched for Ethereum Meetups in NYC❑ Sarah attended the Crypto Compliance conference in NYC ❑ Sarah mentored with Joe Lubin co-Founder of startup Consensys❑ Sarah interviewed the Head of Blockchain Solutions at JPMorgan❑ Sarah took a course on developing on Ethereum using Solidity programming language ❑ Sarah demonstrated her pilot Ethereum application at a NYC Meetup ❑ Sarah taught a Coursera MOOC on Ethereum for KYC / AML❑ Sarah was hired as Lead Developer of Blockchain Compliance Solutions at Fidelity

Scenario: People Build Out Assets of Experience Analytics

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Enterprise L&D: Early Adopters Socializing Experience Data

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Scenario for 2020s: Lead Performers Embrace Experience Analytics

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“I did this…”Statements

Assumption to Explore

By 2025, Experience Data Will Become Our Most Valuable Internal & Client Asset for AI-Driven Innovations

How do we approach regulatory?

How do we avoid the creepy line?

How do we make sense of it?

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How Your Company Organizes ‘Connected Data’ Will Matter!

Tables = Past Graph Analytics = Future

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Graph Analytics = Actions based on Relationships + Connections

Adam Edwards

Actors Meetup

Chantel Johnson

London

Theatre

Music Review

Liked

Node

Relationship

Liked

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Graph Analytics Transform Work & Project Performance

Mirrors the Real World to Reveal Influencer Profiles, Decision Pathways and Recommendations

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Could Experience Graphs Help us Understand More.. Improve Outcomes?

Imagining value to create and capture in understanding:

❑ Procedural Tasks ❑ Cognitive Tasks

(Complex decision; Problem Solving)

❑ Interaction with Tools❑ Interactions Across Teams,

Partners & Clients

Our Proven Processes

Actual Steps for Outcome

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Real World Product = Enterprise Knowledge Graphs

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Members – Companies – Jobs – Skills – Schools – Knowledge

Real World Product = The Economic Graph

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Scenario: Real Estate Graphs Transform the Sector

Roadmap to 2020s Capabilities:

❑ Macro Economic Data Connected to Human Decision-Making

❑ Operational ExecutionConnected to Workforce Experience Data

Connected Data, Graph Analytics & ‘Experience Graph’ Scenario

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Resources to Learn More

Graph Analytics & Algorithms

Experience Analytics Learning Record Stores

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Rethinking Assets via Trusted Records and Programmable Transactions

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Internet of Trusted Transactions

Internet of Files

Internet of Social Networks

Evolution of the Web

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In Records We Trust

T = 0

Ledger of Keys &Asset Transactions

Smart Contracts for Business Process Automation

Network Consensus on who did what…

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Property Performance, AEC & Facilities Management

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Early Stage Partnerships in Adjacent Services

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Early Days of Crypto Real Estate - Asset Tokenization

Tokenizing property will allow real estate assets to be uniquely identified via a digital record that contains information regarding occupancy, physical characteristics, legal status, historical performance, and financial position.

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Platform Uncertainties

Best Tokens Win Best Platform Wins

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Big Ideas: Liquidity & Asset-backed Financing Ecosystems

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Big Ideas: Decentralized Data Marketplaces

Offering tenants ability to anonymize, protect and leverage data:

❑ Property Performance Data ❑ Business Data (Retail / Fulfillment Centers) ❑ Energy Data & Environmental Credits

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Big Ideas: Crypto Currencies Tied to Behavior Change

Crypto Currencies + Smart Contracts Automate Incentives for Adherence

Incentivized Patients…

Scenario: Funds require crypto-economic incentives tied to property usage and performance outcomes

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❑Oversold Solutions(Fractional Ownership)

❑ Futurists Are Always Wrong

❑Data Integrity & Integration (Frictionless Ownership)

❑Automation of Non-Investment Activities

❑Reduce Regulatory and Compliance costs (Deed & Capitalization)

❑ Programmable Assets

❑ Scales Crowd Funding

❑ Innovations Yet to be Imagined

TransformedEfficiency Gains All Hype

Real Estate Blockchain Solutions in 2030?

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What is the biggest risk we might take over the next five years?

What element of the real estate market is ripe for disruption?

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Thank you!

Garry Golden

[email protected] (Two Rs)

PDF & Resources

garrygolden.com/November8