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Rick Peltz, CIO, Marcus & Millichap

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Thank you Rick. And thanks, Nicole!

Thinkernetter

Join us then! Thanks again, all. See you over on the message boards.

IQ Crew

We hope you enjoyed the show today. We'll be back next week with Daniel Tunkelang, principal data scientist at LinkedIn.

IQ Crew

Thank you also to all of the listeners and for the questions.

IQ Crew

Same to you! Thank you for the great and candid interview. I enjoyed it very much!

IQ Crew

Thanks Nicole, you have been great!

Rank: Cave Painter

Well you have been more than generous with your time, Rick, so we'll let you go! But thank you so much for joining us today.

IQ Crew

Great question and answer session.  Thanks Rick.

Thinkernetter

This has been fun!  I report to the CFO, who is a Managing Director.

Rank: Cave Painter

By the way, Rick, before we set you free -- I also meant to ask you who you report to in your organization?

IQ Crew

Most of our data center solutions involve HP and Cisco, so alligning and committing to a select number of vendors is something we currently do. 

Rank: Cave Painter

Ah OK interesting... so it's legal's job to deal with the social/email policies.

IQ Crew

We did elect to partner with SiteCore.

Rank: Cave Painter

@Rick: Some of the big IT vendors like IBM are looking to compound hardware, software, and storage in one unit and then add software prepped for use in various verticals and apps, which can be upgraded online. Does this trend resonate w/ you? Or do you feel it's too much dependence on one vendor?

Thinkernetter

We are responsible for maintaining control over sensitive information, for sure.  Legal has issues policies regarding email and social media participation.

Rank: Cave Painter

Rick: I was reading about your interest in SiteCore, which appears to mean consigning app design to the cloud so you don't have to design a series of apps for specific platforms.  Did you go with that solution?

Thinkernetter

You don't set any social networking policies -- so you aren't constrained by governmental regulations re privacy or re financial transations which might require you to provide controls on social media?

IQ Crew

I sure hope some day we are 100% in the cloud - we would like to get out of the hardware, power and air conditioning business some day!

Rank: Cave Painter

Rick do you think there will come a day where you are 100% in the cloud? Or is that too much optimism? :)

IQ Crew

@Rick, sounds like a full plate for the year ahead!

IQ Crew

IS does not set any social networking policies.

Rank: Cave Painter

iMpact (our listing proposal and Marketing solution) change the support infrastructure staffing, marketing and branding.

Rank: Cave Painter

That's surely when an IT department knows it's doing things right: when it can actually lead and drive business goals in addition to servicing them.

Thinkernetter

Main priorites this year are finishing enterprise video (internal communications), building the new internet web site and CRM solution!

Rank: Cave Painter

Rick, you mentioned earlier that your communications department is involved with the social side of your business. Does your department set social media policies?

IQ Crew

Great, Rick. Thanks. Can you give an example of how IT influence changed the business vision?

Thinkernetter

My department is a service to the firm, yes we have goals (infrastructure, aplication, etc.).  My job is to balance the creativity and assure we are in alignmet with the firms vision.  At times, our influence changes the vision.

Rank: Cave Painter

Rick I didn't get a chance to ask you on air, what are your IT priorities this year? Are you mostly focused on the site relaunch?

IQ Crew

Brokers leave for many reasons, I have not heard one leave for better technology.

Rank: Cave Painter

@Rick: You are so focused on business goals that it reminds me of those who keep saying that even talking about IT having a business goal is off base. There should be no division, in other words. Do you agree?

Thinkernetter

Our goal is to provide the best technology solution available for our agents in the Commercial Real Estate Sales space.

Rank: Cave Painter

Still, how do you keep them from leaving?  What would make them leave, and what makes them stay?

Thinkernetter

Our agents are not freelancers, their licenses are on our wall.  We are the technology solution for our agents.

Rank: Cave Painter

Ah, how are you working toward keeping that from happening?

IQ Crew

Rick: Are your agents in effect freelancers?  Are you providing a service to them, and via them to the clients?

Thinkernetter

The one thing that keeps me up at night is about our agents leaving us for another firm that is positioned better than us.  This is my main focus, not to let that happen.

Rank: Cave Painter

Rick I always like to ask our CIO guests what they're most worried about, so I'll pose the question to you as well: What's "keeping you up at night," as they say?

IQ Crew

Enterprise and IT change, we try to be close, but it's a fast moving target!  We pick our projects that help drive information to the agents first.

Rank: Cave Painter

Regarding onlie searching resulting to sales - no.  Most CRE investors start with a broker that is engaged with the clients goals.

Rank: Cave Painter

@Rick-did u ever feel like ur Enterprise was completely on top of all IT change?Like ever?

Thinkernetter

Rick: I haven't seen the app.  Can you view photos and plans on it, or is it really just text listings?

Thinkernetter

We had a few glitch's with our Video Conferencing nationwide rollout.  Had to step in and slow down the rollout a bit...

Rank: Cave Painter

@Rick: I am curious about whether you have to deal with regulated data, and if so how you ensure compliance.

Thinkernetter

Rick, do you find most of your commercial sales originating from an online search?

IQ Crew

Welcome Rick! And thank you for a great interview.

Thinkernetter

Hi Rick! It was great talking to you, and thanks for joining us here!

IQ Crew

I'd like to know an example of a technology Rick felt "too optimistic" about.

IQ Crew

I am here, thanks Nicole, it was fun!

 

Rank: Cave Painter

Agreed with Kim Davis in regards to "Not a lot of people knew what I was doing".  Can lead to a lot of problems, depending on management.

Thinkernetter

I agree, Lin. I don't see the downside really. Unless a CIO would spend money that wasn't there.

Thinkernetter

Rick: Is it really possible to close online these days?  I thought that face-to-face ritual was with us forever.

Thinkernetter

Please share some questions for Rick who has been very frank with his answers! Nice and refreshing!

IQ Crew

@kim-I am one of IT and I know why that tends to happen-IT just gets overwhelmed with change!

Thinkernetter

Thanks everybody for listening. I am here and Rick should be momentarily.

IQ Crew

Questions, questions?

Thinkernetter

If one is not "too optimistic" then one probably wouldn't be pushing the limits of technology.  Tech is moving so fast that if the CIO is not too optimistic, they might fall behind.

 

IQ Crew

"Not a lot of people knew what I was doing..."  I remember IT depts like that in my past, and it wasn't always a good thing.

Thinkernetter

Heh, very true about the red tape and just getting things done!!

Thinkernetter

Yes, I am wondering how being too optimistic played out in actuality.

Thinkernetter

Agreed, Kim, that not having IT goals is a great way to put it.

Thinkernetter

Too optimistic.  Wasn't expecting that.

 

Thinkernetter

"I don't have IT goals."  Great mantra.

Thinkernetter

Handling conflict... huge

Thinkernetter

I am not quite certain what they'd tweet.

Thinkernetter

Oh, the brokers are NOT forthcoming on social media.

Thinkernetter

I assume there must be careful controls on what the agents can tweet.

Thinkernetter

Mobile development seems to be very much in demand.

Thinkernetter

Ah, commercial is the main part of Macrus & Millichap's business.

Thinkernetter

Closing Online?, is that really possible?

IQ Crew

Wow, closing online?  I like the sound of that.

Thinkernetter

Rick seems very resourceful in finding sources for apps. What informs his choice of using open source versus outsourced as with AT&T?

Thinkernetter

That's clever.

Thinkernetter

If anyone has questions for Rick, please start posting them.

Thinkernetter

Can you view properties on the app?  Photos, plans?

Thinkernetter

"I'm not as involved with the back office."

Thinkernetter

The way Rick focuses on the business goal -- important.

Thinkernetter

Perhaps I shouldn't judge the situation as sad. It's just the way it is!

Thinkernetter

It is sad that Blackberry has done so poorly when it had such a position in the enterprise.

Thinkernetter

Not yet. And if he's puzzling it out, everybody must be.

Thinkernetter

I don't think I've yet heard a CIO say their enterprise is completely on top of mobile devices.

Thinkernetter

Buying a source code solution. Interesting.

Thinkernetter

He's an innovator!

Thinkernetter

Getting rid of data centres is surprising.

Thinkernetter

Yes, the help desk is a challenging post and not one I've heard has longevity for workers.

Thinkernetter

How's that budget broken down?  I imagine a fair chunk's R&D.

Thinkernetter

Eight years at a help desk IS amazing.

IQ Crew

Perhaps the size of the budget is comparable to other enterprises. I'm not sure.

Thinkernetter

Wow. That's such a huge budget.

Thinkernetter

Fifteen years!

Thinkernetter

Prob'ly just me.

Thinkernetter

He's apparently done quite a bit of innovative work, yes.

Thinkernetter

If anyone is getting "Blog Talk Radio" over and over, refresh screen.

Thinkernetter

Should be interesting.  He's been a pioneer among real estate CIOs.

Thinkernetter

Looking forward to the show today! Please post your questions and comments here throughout.

IQ Crew
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