At Intellis, we keep a keen eye on the technological developments shaping the future of the Facilities Management Industry. Our mission is to harness the latest tech advancements and incorporate them into our mobile enterprise solutions, such as FOUNDATION, to provide our clients with the best software solutions to ensure healthy building and infrastructure operations while reducing costs and improving productivity and sustainability. Here are the top trends transforming the Facilities Management Industry.
Top Tech Trends Transforming the Facilities Management Industry
Organizations need to stay ahead of the curve as the Facilities Management Industry evolves by embracing the latest technological advancements. Intellis is dedicated to leveraging cutting-edge Facilities Management Technology through our enterprise solutions, particularly our FOUNDATION software, to provide clients with top-notch software solutions.
These solutions are designed to optimize building and infrastructure operations, reduce costs, and enhance productivity while promoting sustainability. In this blog, we will delve into the top tech trends reshaping the Facilities Management Industry and explore how these innovations are revolutionizing how we manage facilities.
1. What is IoT?
IoT, or the Internet of Things, is the collection and exchange of data between physical devices connected via the Internet protocol; more simply, it refers to connecting things (machinery, sensors) to the Internet. Sensors are now more affordable, and internet connectivity is faster and more reliable than ever, making the IoT sufficiently accessible. Industry experts predict that connected devices will reach or exceed 50 billion worldwide.
IoT allows organizations to collect more information, quickly respond to changes, and act on new business intelligence. As we move into a world where everything is connected, a new "smart infrastructure" will need to be implemented, with asset and facility management tools capable of dealing with the scale and lifecycle of dispersed yet connected physical assets. For facility managers, this means that issues and potential problems will be much easier to identify in a facility that uses IoT.
2. What is Machine Learning and Predictive Analytics?
Using Artificial Intelligence (AI) to monitor physical assets and gather intelligence makes it easier to predict an asset's performance lifecycle before it is affected or fails. This can help facilities management teams perform preventive maintenance more effectively and address potential issues before they become problems.
IoT is expanding rapidly, so the critical question for decision-makers is: How is this intelligence actionable? While IoT captures, exchanges, and stores vast amounts of information, the AI-driven analytics capabilities of enterprise solutions will answer that question. So today, Facilities Management Software must not only accept incoming data from connected devices but also put executives in control of that information and enable them to drill through it to determine a course of action.
What's innovative about machine learning is that, unlike condition-based maintenance (CBM), it does not rely on pre-programmed algorithms. Instead, it enables the machine to learn from large aggregate data sets to identify patterns, trends, and insights. In addition, because machine learning systems use data collected from IoT-enabled sensors, they can continually refine models used to make analytical predictions on facility performance and efficiency.
3. What is Big Data?
With the proliferation of the Internet of Things comes a requirement for more innovative analytics, and this is where Big Data comes into play. Big Data refers to vast, complex data sets that can be analyzed to reveal patterns, trends, and associations, especially relating to human behavior and interactions. In the context of the Facilities Management Industry, the advanced analytics capabilities of Big Data allow facility managers to gain meaningful insights from the information constantly being collected from machinery and sensors.
One of the primary benefits of leveraging Big Data in facilities management is the ability to mine these data sets and easily detect deterioration before it becomes a real problem. By analyzing the massive amounts of data generated by IoT-connected devices, facility managers can identify patterns that may indicate potential issues or areas for improvement. This proactive approach to maintenance and management can help prevent costly breakdowns and downtime, ultimately leading to more efficient and effective operations.
Big Data empowers facility managers to move beyond reactive maintenance towards a more predictive and proactive maintenance model. By harnessing the power of Big Data analytics, organizations can optimize their facility management processes, improve asset performance, and ensure the smooth operation of their infrastructure.
4. What is Mobile-First Technology?
Mobile-first technology refers to the approach of designing and developing software applications with a primary focus on mobile devices such as smartphones and tablets. In the enterprise industry, the integration of mobile technology has brought about significant improvements in communication, on-site access to computing functionality, and accurate data recording. This shift has also had a profound impact on the facility management sector, revolutionizing the way tasks are carried out and managed.
One key area where mobile-first technology has made substantial strides is in the healthcare environment. By leveraging software solutions accessible on smartphones and tablets, facility managers, inspectors, and technicians can seamlessly carry out their tasks regardless of their location. This level of mobility and accessibility translates to tangible benefits, including reduced downtime and enhanced project management control, enabling real-time tracking of work progress.
The benefits of implementing a mobile-first software solution in facility management are numerous. Beyond the aforementioned reduction in downtime and improved project oversight, mobile technology empowers managers to make data-driven decisions and optimize resource allocation. Additionally, it facilitates streamlined communication among team members, leading to greater overall efficiency and productivity.
Transforming the Facilities Management Industry with Intellis
These technologies are significantly transforming the facility management industry, and it will be exciting to see how they grow. When it comes to improving the quality, production, and longevity of physical assets, digital transformation is an unfolding revolution. The FOUNDATION software platform is part of this revolution, and these exciting new developments will change the facility management industry. With FOUNDATION, you will be well-equipped to be at the forefront of this wave of digital transformation.
Software solutions such as FOUNDATION help businesses better organize their facility management departments, leading to less unplanned downtime, higher productivity, and better overall business performance. When facility managers move from managing inspection and maintenance with paper, pen, and clipboards to implementing software solutions such as FOUNDATION, customers can reduce costs seven to nine times.
Facility managers must balance increased productivity demands alongside time and budget constraints. Implementing an enterprise facility management solution such as Intellis' FOUNDATION Solution can improve their organizations' financial and operational outlooks. Schedule a discovery call with Intellis to learn how our software solutions can help transform your organization's facilities management.
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