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The future of facilities management

With the Internet of things(IoT) and analytics

The future of facilities management

Monday November 26, 2018,

5 min Read

Internet of things (IOT) is becoming a standard tool in the search for better performance, efficiency, time and cost savings in integrated facilities management services. With systems monitoring solutions that drive proactive maintenance programs, optimized energy consumption, the integrated Facilities Management services, Building Management Services and assets primarily focus on tenant satisfaction. The future of facility management looks more straightforward, lot more convenient and more economical than ever.

The role of facilities management is evolving and building owners who are increasingly expecting facilities management teams to be stakeholders and partners in the growth of the Building Management Services. The focus is now on advantages in the sector and operations with extensive experience of Integrated Facilities Management of the occupation, while the teams are also expected to expand their roles as smart solution providers.

In a high cost, high expenditure and heavy maintenance industry, Integrated Facilities Management teams using machine learning can move from service providers to value-added partners and bring clear benefits to companies offering sustainability in the facilities management industry.

Facility Management services spend 30% more on energy costs for a building with no reference value and 15% more per square foot per year in maintenance costs alone as a direct consequence of their inefficiency. The Internet TV Optimized Sustainability Integrated Facilities Management Solution, which provides real-time information on building Management Services using the available data, is essential for achieving predictive energy efficiency.

What is the internet of things?

In short, the Internet of things (IOT) refers to devices connected to the Internet, at home, and in the office. This network covers devices that use the Internet to communicate with each other to access, send and receive information. The usual example of the Internet of a thing (IOT) in action is a smartwatch that follows the path taken and connects to an e-mail message, but the current applications are much larger, especially concerning the modern workplace.

How will the internet of things(IoT) affect facilities management?

As more and more offices and businesses implement Internet technologies, it is vital for all Facility Management services FPs to understand the possibilities of this increasingly connected world. Also, online translation technologies ensure that when maintenance operations are required on devices or machines, facilities management services are notified before any failure. Boeing uses this scheduled maintenance and it is found that the practice allowed them to save 13% per year on their operational budgets.

Internet of a thing (IOT) even has the opportunity to reduce work-related injuries and illnesses. Referring to the Bureau of Labor Statistics, in the United States, approximately 2.9 million injuries and illnesses were injured in 2016, of which 892,270 resulted in free working days. With sensors and the Internet, facilities management services can protect employees by more effectively monitoring their safety and ensuring that alarms are activated more quickly in hazardous situations. These applications offer not only the opportunity to save time but also money.

How can facility managers adapt to a world connected to IoT?

The Internet of a thing (IOT) is an imminent reality; it is necessary that all businesses connect to the network and that all Facility Management services are well informed about the capabilities of this technology with Integrated Facilities Management. That being told, adopting the Internet team is not about robbing your entire office, but about finding essential metrics for your business and your bottom line.

It is essential that Facility Management services have management softwares that can not only collect and store a large amount of data but also analyze data and understand the implications for companies as a whole. These ideas will be invaluable for informing Facility Management services policy.

Internet objects have a rapid impact on the business world and a wide range of applications quickly transform a proven and truly office-based model. However, a Building Management Service is only useful if it is combined with the possibility of integrating as many technologies as possible and converting the collected data into actual changes. As such, it is essential that the Ministry of Finance consult with its Integrated Facilities Management department to develop an Internet of a thing (IOT) strategy.

Team planning can help companies find fully compatible management software. Content managers are required to implement software to better understand the use of the building, by analyzing the data and supplementing the existing software, as only these ideas generate innovation.

Consequences for the FM and service industry

  • Improved quality and lowered expenses of robot technology
  • Building maintenance and operations will change
  • New risks call for new standards
  • Increasingly blurred lines between technologies
  • The manager will develop a better understanding of buildings
  • Develop new concerns about ethics and security
  • Cost of labor will increase and create a mismatch of labor needs
  • Less low-quality labor and more demand for new skill sets
  • New skills sets need ongoing training

In conclusion, the internet of things (IOT) in facility management cannot be over emphasized. The world is growing with the technology speedily advancing. Human eyes can't be everywhere at every time for adequate and proper monitoring leading to efficient facility management, the internet of things is highly essential to achieve Integrated Facilities Management.