Beacon Capital Leverages Intelligent Content Management and AI to Enhance Commercial Real Estate Operations
It's one thing to appreciate the transformative innovations technology can deliver for an organization. It’s another to say, “You know, I’d really love to work with way more vendors.” Yet, according to a Forrester study, the average company uses 367 different apps — and as a result, the average worker spends 12 hours a week chasing data.
As the Senior VP IT Applications for Beacon Capital Partners, a private real estate investment firm with a 75-year legacy of success, Ray Bakshi feels this conundrum deeply. It’s his job to make the team of 100+ employees as productive as possible, supporting our development, ownership, and management of office and life science properties across major U.S. markets.
Fortunately, Beacon Capital uses Box to manage all documents, which allows employees to collaborate via Box integrations as they securely create, edit, and share files supporting acquisitions, market trends data, agreements and other sensitive documents. It’s all centralized on Box — with security and compliance stringent enough to handle sensitive financial materials.
In recent years, Beacon has begun to capitalize on their use of Box way beyond mere file storage, collaboration, and file sharing functionality. As he oversees applications that support corporate and our properties, Bakshi is pushing the envelope of how the company uses Box to both make daily operations more efficient and better mitigate risk within a highly regulated financial industry.
Here are a few of the capabilities Box can enable for Beacon with Intelligent Content Management.
Box AI
The ability to seamlessly apply AI to content stored in Box is poised to be a game-changer for Beacon. With all of the company’s content centralized in one place, they’re well-positioned to fully leverage AI capabilities. Still, as Bakshi notes, it’s essential to “understand what your sources of truth are and plug in any gaps.”
He describes Beacon’s approach to AI as “cautiously optimistic,” emphasizing that they’re not chasing the hype. “We’re not just getting excited about the buzzword,” he says. “We’re thinking from the end result backwards—what do we actually want to achieve? And from a granular view, how might AI facilitate that?”
Having Box as a trusted, intelligent content management platform—and a longtime technology partner—gives Bakshi added confidence when it comes to data security.
Working with Box
The third pillar of Beacon’s work with Box is a common ethos of how work gets done. Bakshi says, “In a landscape where there are numerous technologies, picking a partner that can effectively scale with you is of the utmost importance. Having services built into the base model of a platform helps you simplify processes and gives you the opportunity to save money — and put it toward a real innovative space.”
To learn more about how Beacon Capital works with Box, watch this video.