Dec 19, 2023
David Kaiserman, CEO of Backpack, recently spoke to TechNest Podcast host Nate Smoyer to discuss the value of comprehensive building data. David spent 18 years at Lennar, where he held the position of President of Lennar Ventures and influenced the company's innovation activities. This experience brought David to the realization of a major gap in the industry:
Quality data about buildings sits in silos and has to be manually collected at high cost. Major opportunities to enhance operations, financing, sustainability efforts, and more have been hindered by this data access problem.
His solution? Backpack.
Backpack created platform that gathers and normalizes building data from self-reported and IoT sources and offers data visibility across entire portfolios of buildings. One of the key innovations is making this data shareable via permissioned access to partners. By sharing data across more stakeholders, the overall costs come down dramatically compared to historically repetitive manual methods.
So what does this unprecedented level of shareable real estate data unlock?
- Owners get a comprehensive view of operating costs to drive efficiency.
- Utilities and municipalities can track progress towards sustainability goals.
- Policy makers can rely on facts over opinions when regulating the built environment.
- Insurance providers and lenders can more accurately price risk rather than rely on assumptions and averages.
- Manufacturers and service providers gain visibility into precise demand signals, enabling leaner supply chains.
One of the key premises of the Backpack solution is that providing more stakeholders a reliably accurate and maintained system of record for buildings can transform what products, services, and solutions emerge. With the data curated and made accessible through Backpack, building owners and operators have a factual basis for making decisions instead of falling back on the habit of relying on instinct or lagging indicators.
The Backpack team has deep industry expertise and wants to drive change through practical solutions within real estate's constraints, rather than "disrupting" the ecosystem. The potential of unlocking quality data already embedded in the built world is astounding. As Backpack's solutions continue permeating real estate, we are eager to see the innovative ways stakeholders start utilizing this newfound visibility to improve economic and environmental performance.
Hear David Kaiserman and Nate Smoyer delve deeper into this topic on the Technest Podcast:
Do you want to learn how to improve data accessibility for your buildings? The Backpack Team would be happy to explore this with you. Get in touch.
FEATURE HIGHLIGHT
Automated, audit-ready Energy Star and compliance reporting
- Visibility of compliance requirements mapped to your portfolio
- All required compliance data stored, managed, and submitted
- Automated Energy Star portfolio account management and compliance submissions