Digital technology has transformed nearly every aspect of life. Yet somehow, our physical spaces lag. Even though the global smart building market is expected to grow from $80.62 billion in 2022 to $328.62 billion by 2029, most environments still operate in a fragmented, disconnected state. As for the effects of this gap between the physical and digital realms? It leads to increased inefficiencies, decreased productivity, and stifled human potential.
For visionary CEO Mo Hamzian, this disconnect is both a challenge and an opportunity: “We’re living in dumb spaces in an infinitely intelligent universe. It’s time to change that.”
How so? Hamzian wants to integrate the physical and digital worlds. His concept of “phygital” spaces aims to revolutionize our interactions with our surroundings to save time and improve efficiency.
The Timely Cost of Dysfunctional Spaces
Hamzian describes today’s environments as “liminal spaces.” They are neither fully physical nor seamlessly digital. This means users often find themselves stuck between outdated infrastructure and cutting-edge technology.
This gap comes with measurable costs. According to a 2021 study by the International Data Corporation (IDC), inefficiencies in workplace environments contribute to a global loss of over $1.8 trillion in productivity annually. In the U.S. alone, inefficient workflows and disconnected physical spaces cost businesses an estimated $650 billion annually.
The consequences of this dysfunction negatively impact individuals and industries. For workers, poorly designed physical spaces can lead to frustration, burnout, and diminished engagement. For businesses, a failure to streamline operations or implement smarter systems often results in missed opportunities and reduced competitiveness. Hamzian stresses the urgency: “When our spaces fail to support us, happiness, efficiency, and connection take a massive hit.”
He sees a future in which our physical spaces are as smart as the devices in our hands. Rather than merely focus on catching up, though, Hamzian believes in the power of reimagining what’s possible. “The real opportunity lies in creating environments where predictive intelligence is so magical, it disappears into the background,” he explains.
This reimagining includes integrating technologies like AI-driven environmental controls that optimize comfort by adjusting lighting and temperature, anticipate user needs via digital interfaces, and provide instant access to personal preferences via encrypted networks.
By addressing these inefficiencies head-on, Hamzian argues that businesses and individuals alike can unlock greater creativity, productivity, and satisfaction in their daily lives.
Reinventing the Smart Building
At the center of Hamzian’s vision? It’s what he calls a “phygital” innovation. This concept transcends merely adding more Wi-Fi hotspots or digital kiosks to physical spaces. It’s about carefully crafting a wholly seamless experience. The goal is for the digital world to follow users wherever they may go in the physical world.
Imagine entering a cafe or airport terminal where tools, settings, and preferences automatically sync with the local environment. It sounds like science fiction, but it’s not; it’s the future Hamzian is building. “Why should you need the newest phone in hand to stay connected?” he wonders. “What if your digital life accompanied you into every space, enhancing convenience and efficiency invisibly?”
These innovations aren’t just futuristic—they are necessary. “It’s time we used our most advanced technologies to solve practical problems,” he insists.
A Visionary Leader in Action
Hamzian bases his leadership philosophy on two key elements: purpose and empowerment. Whether growing companies through economic uncertainty or integrating cutting-edge tech in resistant industries, he’s able to balance bold innovation with an undying focus on human potential. “My mission is liberation,” Hamzian states. “Freedom from outdated systems and inefficiencies that waste our time and energy.”
Evidence of this drive? Hamzian’s professional journey. He has consistently delivered game-changing solutions. Two achievements stand out: raising $60 million in capital commitments and overseeing 95% year-over-year growth at VEL. With his track record of success in finance, real estate, and technology, Hamzian stands positioned to lead the smart-space movement.
In 2021, the entrepreneur introduced VEL, a bold reimagining of the work café experience. At its core, VEL combines futuristic workspace pod design with the cozy energy of a coffee shop. Think of it as the ultimate blend of form and function. These pods are more than just seats; they’re fully customizable hubs of productivity. From lighting to ergonomic settings, users can tailor every detail of their work environment. This leads to instant access to “work mode,” allowing users to crush their daily goals.
What Phygital Spaces Mean for People, Businesses, and the Workplace
Businesses can rest assured: Hamzian’s vision promises more than convenience. Smarter phygital spaces can boost efficiency, save time, enhance customer experiences, and streamline operations in tangible ways.
For example, AI-powered systems can track inventories in real-time. The result? Shelves are always well-stocked with only the most in-demand products. Another case in point: Hospitality businesses can eliminate long lines at the front desk. Their method? They use encrypted networks to provide seamless check-in experiences for guests. Finally, predictive maintenance tools in smart buildings can save companies costly downtime and repairs by identifying potential equipment failures before they happen.
As for individuals, these innovations allow people to focus on what matters most: reclaiming valuable time and energy. Imagine walking into an office in which lighting, temperature, and even desk height automatically adjust based on pre-set personal preferences. Or picture a grocery shopping experience that is simplified and frictionless. Customers take advantage of smart checkout systems by paying without waiting in line. These are just some of the ways that phygital spaces make daily life more efficient—and enjoyable.
“Better spaces make better humans,” Hamzian asserts. We can create settings that empower people to thrive. The best part? It’s as simple as integrating AI and other advanced technologies into everyday environments. The result is a more productive, fulfilled, and connected society—one in which both individuals and businesses benefit from having modern spaces for modern needs.
This concept also applies to the workforce at large. Hamzian believes in AI’s potential to liberate the American worker from mundane tasks. “I’ve always seen technology as a tool to help people live their human experiences to the fullest in work and out of work,” he says.
Overcoming Challenges with Bold Leadership
Hamzian acknowledges that his future-facing approach presents several challenges. Some of the most daunting obstacles include economic uncertainty, entrenched mindsets, and an overall resistance to technological change.
Still, Hamzian views these hurdles as opportunities: “Innovation isn’t optional. We need to push forward—even when others stand still.”
His strategy combines foresight with adaptability. The outcome? Lasting success—even in unpredictable markets. Whether delicately navigating downturns or balancing competing priorities, Hamzian’s approach features resiliency and clarity of purpose.
Time-Saving and Efficient: The Future of Phygital Spaces
Hamzian’s ultimate goal is to redefine how we act with the world around us. He wants to create environments that unlock human potential by bridging the gap between the physical and digital realms, saving time and improving efficiency. “Imagine a world where your surroundings anticipate your needs, not just react to them,” he says. “That’s the future we’re building.”
As industries begin to adopt his vision, there is an enormous potential for true transformation. From smarter homes to more efficient offices, the possibilities are endless. For Hamzian, it’s about much more than advancing technology—it’s about creating the type of spaces that make life better for everyone.
Hamzian suggests that when we eventually embrace the phygital revolution, we will enter a future where technology and humanity coexist in harmony. Furthermore, he insists that now is the time to act. “We have the tools to create smarter, more human-centric spaces,” he confirms. “What are we waiting for?”
Deanna Ritchie
Editor-in-Chief at Calendar. Former Editor-in-Chief and writer at Startup Grind. Freelance editor at Entrepreneur.com. Deanna loves to help build startups, and guide them to discover the business value of their online content and social media marketing.