A Peek into the Future of facilities Management with IOT And AI

FREMONT, CA: Technological innovations in analytics, AI, IoT, and automation are creating performance and productivity opportunities for businesses. In addition, the rapid technological advancements are reshaping the employment and the future of work. IoT and AI-driven Innovative technology implementations determine the real-time data and provide insights for better decisionmaking.

The facility management industry is adapting several advanced technologies where the hardware-driven approach is clearly siloed and steered by the software driven approach. The evolution of technologies provides improved customer satisfaction with smarter predictive systems. A software-driven approach offers flexible, agile, and unified solutions that drive continuous operational efficiency and sustainability.

Facilio is an IoT and machine learning management software, which helps manage building operations, maintenance, and sustainability. The goal of Facilio is to empower the corporate real estate and facility management to be an efficient value partner. Facilio’s unified software solution rationalizes the asset-intensive buildings ecosystems and reduces functional complexity. It also enhances the effectiveness through continuous facilities improvement.

Predictive analysis in facility management can provide enriched data-driven insights to make better decisions such as whether to return or repair an asset, accept or challenge an inventory, or choose to update pricing restrictions more proactively. The new features will help customers identify and save on their annual repair and maintenance costs while driving continual quality improvements.

The integrated Facilio software helps facilities manage operations, sustainability, and tenant experience. It helps companies reduce overall operational expenses by five to ten percent and increases the life cycle of an asset by 20-25 percent.

Buildings today have huge amounts of valuable collected data on energy, assets, and employees. With AI and predictive analytics, buildings can benefit significantly from tools that help them extract and apply data insights to enable smart operations, improved workforce productivity, and better energy management.

In such a high cost and heavy maintenance industry, facilities management teams that use machine learning for insight-led building management, can progress from their roles as service providers to become value-added partners in a relatively short period, by offering enhanced benefits and efficiencies to CREs and property managers.

Also Read: Top Facility Management Companies