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Top Trends Changing the Facets of Real Estate Facility Management
In facility and real estate management, technology and information management are becoming increasingly crucial
By
Apac CIOOutlook | Monday, August 23, 2021
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In facility and real estate management, technology and information management are becoming increasingly crucial.
Fremont, CA: Technology and information management are becoming crucial in facility and real estate management. Let’s check some of the key developments that are changing the facets of real estate facility management.
- Demographic developments - the ideal workplace
More diversity in the workplace is a result of demographic changes. It's attributable to various factors, including the recruitment of young talent, an increase in the retirement age, and a multicultural workplace. A key factor is a growing shortage of skilled individuals on the job market, as well as the accompanying "battle for talent."Employees today have different expectations of their employers than in the past. They desire to grow and emphasize finding a good balance between work and personal life. If their wishes don't get fulfilled, a swift job move isn't out of the question. When it comes to discovering the right talent, location plays an important role.As a result, meeting these requirements is becoming increasingly vital for organizations that wish to keep their employees.
- Economic Developments - Flexibility critical to a competitive business strategy
The business strategy got heavily influenced by social, geopolitical, and economic developments. For example, consider Brexit, financial considerations such as import tariffs, and social issues such as labor market competition.
Globalization also plays a role: Because competition occurs on a global scale, continuous innovation is required not only for profit but also to retain a strong competitive position. Although flexibility is a crucial prerequisite for innovation, not every organization is flexible enough to adjust to possibilities and risks early."Agility" (of the organization) is a critical aspect in determining a company's competitiveness.
An Integrated Workplace Management System (IWMS) is a cost-effective solution for real estate and facilities management that gives businesses more flexibility and a complete cost picture of their real estate portfolio. For specific corporate processes, it has numerous advantages over stand-alone solutions.
- Digitisation & Technological Developments - Technology is becoming the right hand of businesses.
Many employees may work from home and are nearly always reachable thanks to new technologies that mix business and personal life. Employees expect to use the same technology at work that they do at home. A desirable employer should support its trend, as consumerization helps both companies and employees in the end.
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