“The industry is now facing a huge interest, upwards of $500 billion in just this year alone of new capital,” he said. “But in general, across the board, [IT] systems aren’t where they need to be in order to absorb that investment efficiently.”
Jeff Hayward, Global VP of Marketing, ARGUS Software
The industry has been taking steps to “future proof” assets, meaning that owners are spending cash on things like smart building technology, automation systems and improved energy efficiency.