Insight 14: Strengthen Your Tech Stack

By Andrew Bowen, Tracy Saffos, Chantelle Berger and Jay Parsons Few good things came out of 2020, but if you are one to look for silver linings, we did see some of that in the rental housing business.  One benefit was the clear focus on efficiency. If a process was inefficient, it was exposed almost immediately, particularly in the world of information solutions. This exposure has led to a systemic approach to strengthening the software stack, evaluating solutions not just on the quality of services — but also for their impact on other tools in the stack.  All of us want the best and the brightest of all the software solutions available to us, often trying multiple solutions that solve for the same functionality in order to split test and determine the ‘best’ option. In the process, we often inadvertently create an environment where we are managing a hodge-podge of solutions across our organization — an environment that is optimized neither for software performance nor operational efficiency.  But unlike a decade ago when we were undergoing this same exercise, operators now need to consider both the efficiencies that their software services can deliver for their site and corporate teams as well as how one solution can improve the performance of another through connected intelligence. Connected intelligence goes beyond just integration and instead creates a network where the findings and direction from one solution can inform and improve another solution’s performance. Questions CTOs and IT Specialists Are Now Asking Operators have for years asked some version of these basic questions when evaluating technology: How well do our systems work together? How does this new tool under consideration fit within our tech stack? Historically, it was a question of integration … can a tool send data to and from my property management system? That is, of course, very important. But there’s a second, deeper question...