I filed another patent.
Here’s what it’s about.
Making Dumb Real Estate Smart!
The Thanh Hoa Bridge, a choke point on a crucial North Vietnamese supply route was attacked 79 times by U.S. aircraft and they all failed to destroy it. Then, with the help of new computer chips, just one laser-guided smart bomb destroyed it.
Real estate’s sector recession, like all recessions can be resolved through innovation. But its aversion to creativity has seen top malls lose tenants to e-commerce and the best office buildings compete with the home office.
The JDAM approach is best. Harness a smart kit to an otherwise dumb, lucrative, albeit struggling business.
Venture backed non-real estate companies fail to understand the business’ fundamentals, financial structure and try to rewrite our businesses DNA.
The likely trillions invested in commerce has resulted in fragmented half solutions, and its two dominant sectors remain competitive and measured separately. Conflicting motivations and a lack of foresight from the real estate community contribute to an experience that is akin to dumping 25 years of innovation into the shopping bin at the mall entrance!
J. Edgar Hoover would blush over the dossier “Big Data” has on each of us, and what do you get for it? Crumbs, email, games and apps!
Meet retailOS and the "Smart Mall of the Future." It bridges brick-and-mortar retail and online shopping on a platform of advanced data and artificial intelligence. Localized rapid fulfillment and an intelligent advertising model brings the entire sector into the “today!”
The mall is now a multiple-function digitally integrated facility of retail showrooms and an onsite rapid-fulfillment center that with its digital counterparts better targets shoppers to enhances interaction, experience, and profitable sales and returns.
Think pre-shopping planning, in-store guidance and the convenience and efficiency of online shopping pickup and delivery. Its Artificial Intelligence engines process real-time data repositories generated, and collected from various product, shopper, and consumer sources.
retailOS holds your data in trust - you own and control it, with the utmost privacy controls – and you get to charge advertisers every time you see an ad, click through or buy a product. What has Zuckerberg or Brinn done to own and profit from your life? Make no mistake, Tim Apple is playing the long game.
Add in real-time predictive analytics, on-demand fulfillment to streamline operations and meet customer demands, and then layer on it transport systems facilitate immediate or scheduled delivery options, and pretty soon, you have a business model that is whenever, wherever and however it needs to be, and profitable to boot!
About me:
I am a commercial real estate professional with more than 20 years of experience as a real estate operator, advisor and innovator, with a particular expertise in distressed assets.
After a brief stint selling flooring and kitchens, in 2003, I leveraged my work with my dad in his IT business to secure a job with an early PropTech company. I soon thereafter left to invest in commercial real estate. In 2010, to address the many complex loans impacted by the Great Financial Crisis, I founded a distressed debt consultancy and since that time have facilitated the unwinding, workout or restructuring of structured finance loans.
In 2017, I developed the now triple-patented retailOS platform, a basis for the smart mall of the future, and among other recognitions, was recently named a “Top Retail Expert” by Rethink Retail for the third consecutive year.
I now have three granted patents and three pending applications.