Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.
The KPMG Real Estate Data Strategy Survey, a follow-up to the 2019 KPMG Global PropTech Survey, found that 57 percent of respondents said they have a coordinated strategy.
Only 28% of respondents said they are using data with an objective of improving tenant experience. We believe that customer satisfaction is an underestimated value builder that real estate owners and operators need to prioritize.
75% of respondents cited Excel as a primary analytical tool. Yet, 69% admitted to being too reliant on Excel.
Among respondents, 30% said they outsource some aspect of data management to a third party.
39% said they store and access data via a centralized data repository. For larger companies, it was 60%.
Due to remote working/COVID-19, 34% indicated their plans for data strategy implementation have been accelerated.
*Larger companies have assets under management of US $5 billion.
Real estate data strategy – Better data, better decisions
Phil Marra, U.S. Real Estate Funds leader for KPMG LLP, discusses why real estate companies should prioritize a data management program.
Enterprise Data Strategy – 3 critical components
Rob Wentz, Managing Director of Data & Analytics for KPMG LLP, discusses the three critical components of a successful data strategy.