Tech Trends for Asset Management: Commuting


We give you a taste of ByteSize the monthly email from Cushman & Wakefield Asset Services summarising the key trends and innovations that will help make key assets more valuable, efficient and sustainable for the future.

Giving elevators a lift with IBM Watson
As skylines grow higher, modern buildings are serving increasingly more people, elevators and escalators face growing pressure to handle more traffic.

This amount of traffic creates a great need to keep people moving, while keeping the equipment in top condition. To ease this task, elevator and escalator service firm KONE have teamed with IBM Watson, bringing AI and IoT platforms to help monitor their products.

Watson will help predict the condition of the elevator or escalator, thereby helping customers manage their equipment. Through this service, KONE can help predict problems in advance, meaning less downtime, fewer faults and fewer delays for their customers.

Each month we explore a key theme, the people behind it and the latest innovations you can add to your business.

Across the board, advances in technology will see the daily journey begin to take a different shape, as commuters begin to take advantage of smarter cities and the new opportunities afforded them.

Buckle up as we take a look at the British city preparing for a smart future, learn how to get the best from our bikes, and find out what sparked the demise of the original electric car.

Meet the trendsetter…It’s easy to take some of the technological developments happening before our very eyes for granted. From buildings that remember our preferred lighting and temperatures, to the ability to connect central heating to your phone, connectivity is changing the world around us.

With sustainable buildings becoming a new kind of normal, what does affect is it having on the cities we live in? With changes come new expectations, meaning that those designing the infrastructure around us are in a race to keep up.

As the buildings around us evolve and become more advanced, one city in the UK is going the next step further. The Bristol is Open project is aiming to create the world’s first open, programmable city to support the creation of new smart services for people and businesses.

So what exactly does that mean? Potentially, Bristol could be a city that informs it’s inhabitants of its status – traffic flows, air quality, energy usage – and uses the information to improve and manage its infrastructure and maximise efficiency. Watch this space, this could be the first of many smart cities.

Try this…Bike-to-work schemes are becoming commonplace as companies become more environmentally aware, and health-conscious. However, if the sheer joy of fresh air and exercise isn’t enough to persuade some employees to ditch the car, then Spanish/Dutch startup ByCycling can offer further incentives.


Aimed at businesses and commuters, the app keeps a running total of the miles clocked by each cyclist. The total amount can then be traded for cash or extra holidays at the end of each month, depending on the reward structure set by their employer.

The app tracks mileage across the company, encouraging healthy competition, as well as a healthy workforce. Read more here

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