This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. Software is a critical component in the lifecycle of a commercial building, starting from the design, planning and construction phases through to building operations and facility maintenance; followed by refurbishment and renovation before the final demolition phase. Until recently, the design and construction phase of the building lifecycle was totally separate from building operations and management. The processes between design, construction and building operations have been disjointed for many years, with very little transparency between them. The critical building data that is created during these phases is often overwritten or left behind as one moves through the building lifecycle. However, we are now seeing the emergence of data sharing and convergence between the various stages, enabled by software and digitization of commercial real estate. The recently announced offer by Schneider Electric to acquire RIB Software in a deal that values the German business […]