The partners will combine iSite’s proprietary data analytics software with Arcadis’ operational and capital delivery insight to provide an in-depth assessment of clients’ property portfolio programmes to optimise operations, eliminate conflicts, prevent abortive work, reduce operational and programme risk and to deliver significant cost savings. Arcadis are confident that the new approach can be employed to deliver in excess of 10% property TotEx savings.
Arcadis will model data against different decision-making scenarios to highlight unforeseen inefficiencies that could otherwise lead to operational challenges, unnecessary costs and increased risk.
James Porter, partner at Arcadis, said: “Being data blind is now a constraint to an organisation’s ability to compete and grow. We know that property generates huge amounts of data but using it to identify trends and potential issues is not yet the industry standard. Changing this will undoubtedly be the biggest focus for the sector in the next decade.”
Martin Ward, portfolio services director at Styles&Wood, said: “Partnerships like ours have the potential to change the corporate real estate market. Together we have the power to unlock data to deliver demonstrable benefits and an unparalleled consultative property pedigree. This will allow us to provide a new depth of commercial insight across all aspects of clients’ estates.”
Developed by integrated property services group Styles&Wood, iSite integrates with existing systems to provide data transparency and real time intelligence, allowing businesses to identify cost savings, monitor risks and manage property projects. In March 2018, Tesco selected iSite to underpin its new global property operating model, following an overhaul of its strategic systems.