Chief Information Officer & Executive Vice President, Vornado Realty
Search every verified Robert Entin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Robert Entin, Executive Vice President and Chief Information Officer at Vornado Realty Trust, discussed the company's technology strategy and the broader proptech landscape in a 2017 interview. He stated that Vornado has been an early adopter of technology, using it to improve business operations, building management, and tenant amenities. Entin noted that the company was upgrading security systems, including implementing facial recognition at turnstiles, and investing in building networks. Entin described the current wave of proptech investment as larger than previous cycles, citing $5 billion in capital deployed in the sector. He observed that owners and developers are now more focused on potential returns compared to earlier periods, when there were more skeptics. Entin also raised concerns about the high failure rate of proptech ventures and called for greater openness from established vendors, arguing that the industry should push for the democratization of data to reduce friction for startups and improve outcomes.
“We've been a fairly early adopter and embracer of technology over the years believing that it's both helpful to run the business better as well as the operations from the building's perspective provide better amenities to the tenants and a more attractive product.”
“We're working on upgrading all of our security systems; we're doing facial recognition at turnstiles today which is a very big plus for tenants.”
“This wave of technological investments is bigger than anyone in the past and if you read the figures and you hear bandied about five billion in capital put into prop tech over the last few years.”
“Owners, developers, institutional owners are all more focused on what they can get out of this round whereas I would say in the past perhaps 2000 and 2005 you had a lot of non-believers.”
Robert Entin, Executive VP & CIO at Vornado Realty Trust, explains that the wave of technological investment has never been ...
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