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    Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

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    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

    Governor Presents “Atithya Rathna” and “Udyama Rathna” Awards at Karnataka State Hotels Association’s 70th Anniversary Celebration

    Students aspiring to pursue education in the academic year 2025–26 are encouraged to enroll in BBMP schools/colleges and make the best use of the facilities provided by BBMP: Suralkar Vikas Kishor

    Scientific leaders honored by 3M and Discovery Education

    UMA Bootcamp 2025 Opens Applications for India’s Brightest Motorsport Engineers

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    Cambridge announces results of its largest ever March series held in India

    Blue Dart Express Limited Clocks ₹ 5,720 Cr Revenue for FY25, Maintains Steady Q4 Momentum

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    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    GSK TO ACQUIRE EFIMOSFERMIN.

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    Health inequities are shortening lives by decades

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    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    The team from Sri Ramakrishna Engineering College, Coimbatore, received the 'Winner' award from Prof. (Dr.) T. G. Sitharam, Chairman of AICTE, and Mr. Abhishek Sinha, Executive Director & President - Medical, Smart World & Functions, L&T Technology Services.

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    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

    “Modern warfare is entirely technology driven and India’s supremacy stands proven over the last four days”, says Dr Jitendra Singh

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    Mr. Khaled Mahmoud, CEO, MM Group for Industry and International Trade along with Mr. Asif Shamim, Head, International Business, Tata Motors Commercial Vehicles at the launch of Tata Motors’ commercial vehicles range in Egypt

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BuildingMinds: Schindler start-up to drive digital transformation in the real estate sector

FWM by FWM
March 11, 2019
in Business
0

March 11, 2019

Today, Schindler announced the formation of BuildingMinds, a start-up created to optimize the management of real estate assets through a software-as-a-service platform.

Partnering with Microsoft, BuildingMinds is using Microsoft’s Azure and Dynamics 365 cloud platforms. Building owners will benefit from the combination of Microsoft’s intelligent cloud and business applications and Schindler’s domain knowledge in servicing real estate customers globally.

BuildingMinds will offer a one-stop service platform for real estate asset optimization, transforming the way buildings are managed in the real estate sector. The start-up will develop a fully integrated, product-agnostic, cloud solution that improves transparency and operational efficiency by allowing building owners to centrally manage all their properties and service providers.

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Founded in Berlin, Europe’s prominent hub for property technology start-ups, BuildingMinds will serve customers worldwide and plans to grow its team to over 100 digital experts by year-end.

“Our partnership combines Schindler’s world-class expertise in the building management industry with the power of Microsoft technology to drive innovation across the sector. BuildingMinds will offer a range of smart building solutions, tailored to help building owners around the world facing daily operational challenges,” said Jean-Philippe Courtois, Executive Vice President and President, Microsoft Global Sales, Marketing and Operations.

“Today, properties use different supplier applications often unconnected with one another. As digitization advances, real estate owners face the challenge of managing the data locked in such an array of diverse applications within their portfolio of buildings,” said Jens Mueller, Chief Operating Officer of BuildingMinds.

“The demand for data-driven intelligence in building management and real estate asset optimization is significant and growing. Combining our industry insights with our digitization expertise will enable BuildingMinds to play a role in leading the change taking place in the sector,” said Silvio Napoli, Chairman of the Schindler Group. “This will close a long-standing gap in the advent of smart buildings, and we are pleased to be partnering with a global leader such as Microsoft on this pivotal initiative.”

Market research firm Orbis Research forecasts that the global smart-building market is expected to grow from around USD 8 billion in 2016 to around USD 58 billion by 2023. To tap into the opportunities of digitization, real estate companies are investing in new solutions that integrate their properties with their suppliers’ ecosystems and broader asset portfolio. By joining forces, BuildingMinds and Microsoft are bringing together the capabilities needed to accelerate this transformation.

BuildingMinds will operate as a stand-alone company within the Schindler Group. As its sole shareholder, Schindler has allocated funding of up to EUR 150 million to the start-up, a quarter of which it expects to expense in 2019.

Tags: BuildingMinds
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