This year, we’re excited to have four members of the team heading down the the Midyear Meetings in Washington, DC, to show off some of the projects we’re deeply invested in and to talk one-on-one with members about smart home, smart community, and smart city initiatives. These meetings are a great way for REALTORS® to check out the legislative arm of the National Association of REALTORS®, network about important issues facing REALTORS®, and to check out some of the things various groups at NAR – including CRT Labs – are working on. We’re focusing on three major projects currently with education, advocacy, and innovation in mind.
A view from the Midyear Meetings
We’ve talked about all three of these projects before, but we’ll be on hand to update members on the progress of our Indoor Air Quality Sensors/Home Automation suite, our Smart Home Simplified series, and our first Pocket Guide to Cleaner Air. We have materials about each project for you to take home, as well as a variety of CRT Labs swag including stickers and buttons! To find out more and talk to the team, stop by the NAR Booth, #1707, on Wednesday 5/17 from 10am-3pm or Thursday 5/18 from 1pm-6pm. We’ll also be attending a variety of meetings, including presenting at Data Strategies, eBITS, and more. For a full schedule, check out our Office Hours, where Chad breaks down all the great forums available for members to attend.
We hope to see you at one of the many events scheduled this week in DC!
Some of the CRT Labs team is heading to DC this week for the NAR Midyear Meetings; find out where you can find us, as well as great information about the meetings themselves, in last week’s Facebook Live Office Hours! As always, join us on Fridays at 3PM Eastern on our Facebook Page when we go live. And come back tomorrow to the blog, where we’ll cover some of the materials we are bringing to Midyear!
CityTree by GreenCity Solutions is an IoT device that monitors and cleans the air with plants.
In this week’s Things Thursday, we have a lot for the future, but also a lot focused on health. What if some devices
- Disney Research’s technology could transform IoT landscape (via Android Authority)
Disney Research is one of the premier IoT/emerging technology labs in the world. They’ve got offices in Switzerland, Pittsburgh (in partnership with Carnegie Mellon University) and, of course, California. You might be surprised that Disney is doing scientific research, but when you think about the theme park business, it makes sense. Disneyworld and Disneyland are like miniature cities. So, from the lab comes another cool project from them. They’ve figured out how to reduce the power and improve the connectivity of IoT devices without an antenna. This is important for sensors that may have little to no external power options. They’ve also done research on powering devices without traditional power sources. Keep an eye on them.
- Microsoft Research’s ‘Emma Watch’ helped a Parkinson’s patient write again (via Wareable)
Pretty amazing work from Microsoft Research. Parkinson’s wreaks havoc on your central nervous system and can make everyday activities a challenge. A researcher at Microsoft is building a device to reduce tremors for people living with Parkinson’s. In order to help people write or draw, the watch has tiny motors that vibrate on the patient’s arm, disrupting the feedback loop of the central nervous system. It’s pretty amazing. Click through and watch the video.
- Connected trees will be scrubbing the air in a city near you soon (via ReadWrite)
Smart cities will not just be connected and gathering data, but they will help cities perform better. GreenCity Solutions are building these amazing benches that have plants and sensors embedded in them. They claim that their benches can filter the same amount of air as 275 planted trees. This means less watering needed, but the benefit of filtration from the plants is pretty great. Currently, CityTree is only in the European market and they have plans to expand to the US in late 2018. Even still, it’s a great example of how to green a space and provide some seating options. To find out more about why smart cities matter to REALTORS, check out my post on Building Functioning Cities.
That’s all for Things Thursday this week. Have questions? Want us to cover something? Let us know. You can follow us on Twitter @crtlabs or Facebook
Jacob from our Commercial division stops by and talks with Chad about the DisruptCRE conference as well as other tech trends to watch in the commercial real estate space. Make sure to tune in to our Facebook Live Office Hours on Fridays at 3PM Eastern by heading over to our Facebook page!
Facebook Live Office Hours: CRE Tech from CRTLabs on Vimeo.
Smart cities will impact the way we live and work in the very near future. Real estate stands to benefit from the data produced in these cities with improved services for clients.
In the labs, I often point out to visitors that we’ve based our work on the preamble to the Code of Ethics. I’ve included it below with the relevant bits highlighted:
Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.
At CRT Labs, we use this to focus our mission. It’s not only key to your work, but also, to the potential that the Internet of Things, renewable energy, and community gardening have to impact your industry. In order to support the ‘building of functioning cities’ tenant, we’ve spoken to several smart city projects throughout the US. We believe that data from the smart city will go a long way to shaping how you do business in the future. It will change the way you interact with your customers and help you in supporting their buying choices. We are just at the very beginning of this and there’s still a way to go before this is mainstream, but what’s already happening is exciting.
What are smart cities?
Simply put, smart cities are cities that use existing data and connected sensors to:
- Capture data and performance metrics to improve city services
- Monitor city performance
- Inform the general public
Cities great and small are employing smart city techniques all over the world. Singapore is one of the big leaders in this space, as is Barcelona. Here in the US, cities large and small have active programs. From Columbus, Ohio, to Chicago to Louisville, Kentucky as examples. For this series, I want to use what’s in my own back yard. Chicago has garnered a lot of attention of late for its Array of Things initiative and the use of its open data portal to engage the citizens.
Why do they matter?
Here’s why it matters to you: there are massive amounts of data that will be coming off these devices that will show how specific areas of a city are performing. As examples, you’ll be able to see things like:
- Pedestrian and vehicle patterns and counts aggregated by time of day
- Utilization patterns for parks and community buildings
- Temperature variation at your work and at your home on a block by block basis
- Air quality outside your door and any destination you need to travel to
- Average sunlight exposure at any location
- Standing water after a rainstorm
A number of those things above are key to how you’re home or property performs. Understanding microclimates will help buildings use less energy because they can adjust based on time of day or season. We can also understand busy residential and commercial areas are and use that as part of our marketing material or a widget on a website. When are the peak hours at the community pool or park? Data for a community could also inform when you hold open houses. How many people are in a neighborhood during a given day?
This is just the surface. I’m going to use this series to interview people here in Chicago who are involved in the smart cities initiatives and highlight where there are opportunities for real estate. If you have a story about smart city activity in your area, I encourage you to share it.
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