Sustainability has emerged as a central concern for facilities executives worldwide. With businesses setting ambitious net-zero emissions targets and advancing ESG (Environmental, Social, and Governance) initiatives to combat climate change and foster resilient facility management and development, the pressure is to incorporate sustainable practices into facility capital planning and project investment. However, achieving these goals can be demanding, and organizations face significant challenges.
In the complex world of physical asset management, organizations often face the challenge of fragmented data across multiple operations, facilities, and finance departments. The "Single Source of Truth" concept has emerged as a powerful solution to address this issue.
Addressing Aging Buildings: Balancing Preservation, Sustainability, and Economic Realities Are aging buildings a ticking time bomb? This article explores the hidden challenges, innovative solutions, and the path to a sustainable future.
How Artificial Intelligence is Revolutionizing Facility Capital Planning Artificial intelligence (AI) is revolutionizing many industries, including facilities capital planning. Facility capital planners are beginning to see how Artificial Intelligence (AI) impacts their jobs, and it's quickly becoming an essential tool for daily operations. In this blog, we will discuss how AI is changing facility capital planning, the benefits and challenges, and the future of AI in this field.