JLL, a professional services firm that specializes in real estate and investment management, announced the release of JLL Azara, which is a corporate real estate data and insights platform.
The new platform was developed by JLL Technologies (JLLT), a business division of JLL that is dedicated to commercial real estate (CRE) technology.
“Capturing and leveraging data has so much untapped potential in the CRE technology space, with benefits that can extend across entire organizations, impacting not only business decisions but overall employee experience and sustainability practices as well,” said Sharad Rastogi, president of revenue at JLL Technologies. “JLL Azara is an expansion of JLL Technologies’ work to empower leaders through more dynamic, data-driven decision-making and accelerate business impact from months to days (…) Imagine a world where data from building sensors could detect patterns across offices, such as building management activity and workplace behavior, that can be tracked over time to allow for advanced planning and decision-making. This is the power of JLL Azara.”
“Although most organizations now possess a wealth of data, the hurdle is using it to drive positive outcomes,” said Mark Schmitz, EVP and COO of Citrix. “As a JLL client, having access to a solution that derives insights and recommendations from data to guide our real estate decisions is an invaluable resource.”
JLL Azara supports the “complete real estate lifecycle” across three categories: Portfolio optimization, facilities and operations, and space and workplace management. In the future, JLL Azara will expand to cover additional categories such as energy measurement and management.
The company also noted that all relevant real estate systems, including ERP, IWMS, IoT and CRE applications, can integrate into the new platform.
JLL also said that the new offering will enable executives to view real-time internal and external data organized across 30-plus pre-built dashboards, which will help to optimize real estate portfolios, improve space utilization, enhance employee workplace experiences and drive facilities management efficiency.
Corporate real estate leaders are able to find potential savings opportunities by analyzing comparable lease properties in the market and identifying higher than ordinary facilities costs.
Meanwhile, facilities managers can be alerted to immediate needs that impact employee workplace experiences, in addition to important compliance situations such as signage and space density issues, JLL said.