Schindler announces the formation of BuildingMinds: The start-up aims to optimize the management and administration of real estate with a “Software as a Service” platform.
In partnership with Microsoft, BuildingMinds uses the Microsoft Azure and the Dynamics 365 Cloud platforms. Property owners are benefiting from Microsoft’s intelligent cloud and business applications, combined with Schindler’s expertise in providing global support to real estate clients.
BuildingMinds will provide a one-stop service platform for real estate management, changing the way buildings are managed. The start-up will develop a fully integrated, cross-product cloud solution that will provide building owners with greater visibility and operational efficiencies by enabling all properties and service providers to be networked and centrally managed.
Working for what is best
“Today, different, non-interconnected supplier applications are often used for the management and operation of real estate. As digitization progresses, real estate owners face the challenge of managing the data from their real estate portfolios across multiple applications” says Jens Müller, BuildingMinds’ chief operating officer.
Market research firm Orbis Research predicts that the smart-building market will grow from around $ 8 billion in 2016 to around $ 58 billion in 2023. To capitalize on the opportunities of digitization, real estate companies are investing in new solutions that enable them to connect their properties with the ecosystems of their suppliers, service providers and their other assets. BuildingMinds and Microsoft are now pooling the resources needed to accelerate this change.
Based in Berlin, BuildingMinds will serve customers worldwide
By the end of the year, the BuildingMinds team will grow to more than 100 digitalization experts. BuildingMinds is managed as an independent company of the Schindler Group. Schindler provides the start-up as the sole shareholder with funds of up to 150 million rubles.