essensys Launches Intelligence Engine: A New Era of High-Resolution Insights for Space Utilization & Digital Experience
New York, NY July 18, 2024 – essensys, a leading provider of software and technology solutions for the commercial real estate industry, has announced the launch of Intelligence Engine, an innovative capability designed to transform the way operators manage their spaces, offering a revolutionary approach to data-driven decision-making in the CRE and flexible workspace sectors. This breakthrough technology allows operators to make informed decisions that drive occupancy, reduce operating costs, and increase yield.
While traditional methods of tracking metrics like occupancy and digital experience often provide superficial information or are altogether non-existent, Intelligence Engine directly tackles these challenges by providing meaningful insights into two critical areas: Space Utilization and Digital Experience (DX). Leveraging proprietary datasets and advanced pattern recognition, the platform dives into the detail of utilization and digital experience, analyzes trends, and identifies risks and opportunities to commercial performance, by for example, monitoring the utilization and DX of occupiers to understand churn risks, and to find potential for space and/or service upgrades.
With unparalleled real-time snapshots and trend highlights, essensys Platform customers are enabled to harness Intelligence Engine’s accurate, in-depth view of occupiers and their journeys through spaces. From space utilization patterns, identifying user behaviors and preferences, the types of spaces that are in demand, movement patterns, and more, over 20 space utilization insights are available across a portfolio, site, occupier, and user-level; while its digital experience (DX) indicators such as latency, failed WiFi logins, and access point loading can be retrieved through readily available insights in real-time and over time.
“Intelligence Engine is a game-changer for multi-site, multi-tenant operators,” said Mark Furness, CEO of essensys. “By providing high-resolution, high-fidelity insights into space utilization and an optimized digital experience, we empower decision-makers to revolutionize their approach to CRE and flexible workspace management. Our proprietary datasets and advanced pattern recognition offer a precise understanding of how spaces are utilized and experienced, enabling operators to make informed decisions that drive real business value.”
Intelligence Engine aims to provide advanced visibility into the true health of spaces and occupiers by monitoring, analyzing, and optimizing the performance of their portfolios. As a result, revenue generation and tenant satisfaction take precedence and allow users to reduce operating costs and wasted space, drive occupancy and attract new occupiers, generate revenue and increase yield per square foot, enhance the occupier experience, and optimize performance based on demand.
Intelligence Engine is available to essensys Platform customers. To learn more, visit: essensys.tech.
About essensys:
essensys is a leading provider of software and technology solutions for the commercial real estate and flexible workspace industry. essensys Platform provides a central source of truth to manage access, surface intelligence, and enhance digital experiences. This helps landlords and operators to manage, understand and optimize their spaces, so they can reduce costs, drive occupancy and increase yield across their portfolio.
The commercial real estate industry is transforming – it must be flexible to changing market demands, accommodate hybrid working styles, provide move-in ready spaces and deliver frictionless experiences. The office sector is becoming an increasingly digital-first landscape driven by end-user demand and delivering flexible, technology-enabled spaces is key to success. essensys Platform has been developed to help landlords and flexible workspace operators manage, understand and optimize their spaces, in order to stay on top of evolving market dynamics and drive business value.
Founded in 2006 and listed on the AIM market of the London Stock Exchange since 2019, essensys is active in the UK, Europe, North America and APAC.