Main / Blog / Product & Features / Instant Insights / The Power of AI behind Instant Insights
Instant Insights

The Power of AI behind Instant Insights

  • Date: September 17, 2023
  • by Olmo Mezger

Basking’s Instant Insights: Revolutionizing Workplace Occupancy Prediction

Imagine having the ability to predict workplace occupancy patterns with unparalleled precision and adaptability. Basking’s Instant Insights accomplishes precisely that, ushering in a transformative era in how we comprehend and enhance workplace utilization. By employing an amalgamation of supervised and unsupervised learning algorithms, Instant Insights unlocks the power of an office’s metadata to provide real-time and precise occupancy trends. 

The Science Behind Instant Insights

Instant Insights owes its prowess to a synergy of supervised and unsupervised learning, enabling it to decipher intricate workplace dynamics. By analyzing historical anonymized data, encompassing past occupancy trends, office specifications, and local demographics, the supervised learning component ensures that its predictions align seamlessly with your unique requirements. What truly sets Instant Insights apart is its real-time adaptability, effortlessly accounting for holidays, seasons, and other external variables that influence workplace activity.

Furthermore, the integration of unsupervised learning empowers Instant Insights to continuously refine its understanding of your workplace dynamics autonomously. It has the innate ability to detect emerging trends, ensuring that its predictions remain finely tuned for pinpoint accuracy.

Navigating the CRE Landscape with Instant Insights

The versatility of Instant Insights extends across a wide spectrum, especially in today’s ever-evolving post-pandemic landscape. It provides invaluable solutions to essential inquiries in the realm of Corporate Real Estate (CRE), offering the following key insights:

  • Occupancy Anticipation: Gain a clear understanding of current and historical occupancy levels for specific locations.
  • Optimization Guidance: Identify which sites in your portfolio are experiencing the highest utilization rates, helping you proactively manage potential overcrowding.
  • Cost-saving Insights: Discover underutilized sites within your portfolio and pinpoint regions where optimization can lead to significant cost savings.
  • Portfolio Consolidation Opportunities: Identify areas within your portfolio where consolidation of multiple sites could reduce capital expenditure.
  • RTO Impact Assessment: Assess how your Return to Office (RTO) Goals will affect occupancy patterns, allowing you to align policies with employee needs.
  • Space Shortage Projections: Predict when space shortages may become critical, enabling proactive measures to address hiring rate challenges.
  • Benchmarking: Compare your office utilization with similar offices in your region or country to gain valuable performance insights.
  • Visitor Insights: Understand the frequency and timing of individuals visiting your offices or different regions.
  • Expansion Potential: Evaluate the potential for expanding occupancy in specific locations based on historical trends.

Limitations and the Road Ahead

While Instant Insights proves to be an indispensable asset for CRE professionals, it’s essential to acknowledge its limitations. The accuracy of occupancy data may be compromised if your office’s description and location diverge significantly from the training dataset. Additionally, external factors can influence office usage patterns. If the trends displayed on the dashboard do not align with the reality of your site, our dedicated support team is readily available to assist you in fine-tuning your experience.

In conclusion, Basking’s Instant Insights is a game-changer in the world of workplace management, offering a data-driven approach to optimizing your corporate real estate portfolio. With its ability to provide accurate, real-time insights into occupancy patterns, it empowers organizations to make informed decisions that enhance efficiency, reduce costs, and align with the evolving needs of the modern workforce.

Read more

Get started

If you want to know more about how our product works or have additional questions, please reach out to us: