At Intellis, we keep a keen eye on the technological developments that are redefining the future of the Facilities Management Industry. Our mission is to harness the latest tech advancements with our mobile enterprise solutions so that we can provide our clients with the very best software solutions to ensure healthy buildings and infrastructure while reducing costs, improving productivity, and boosting sustainability. Here are the top trends transforming the Facilities Management Industry.
Embracing the Future: Top Trends Transforming Facilities Management
In today's rapidly evolving world, the Facilities Management Industry is profoundly transformed by cutting-edge technological advancements. At Intellis, we are dedicated to staying ahead of the curve, harnessing the power of innovation to provide our clients with state-of-the-art solutions that redefine facility management. Join us as we delve into the top trends revolutionizing the industry and discover how these innovations are shaping the future of facility management.
The Internet of Things (IoT)
IoT, or the Internet of Things, is the collection and exchange of data between physical devices connected via 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 that industry experts at Manufacturing Automation predict that the number of connected devices will top 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.
Machine Learning and Predictive Analytics
Using AI to monitor physical assets and gather intelligence about them makes it easier to predict an asset's performance lifecycle before its performance is affected or before it fails. This can help facility 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. 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 down 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. Because machine learning systems use data collected from IoT-enabled sensors, they can continually refine models to make analytical predictions on facility performance and efficiency.
Big Data
With the proliferation of the Internet of Things comes a requirement for smarter analytics. Enter Big Data. The advanced analytics possible with Big Data allow facility managers to gain meaningful takeaways from the information constantly being collected from machinery. The primary benefit is that facility management teams can mine these data sets and easily detect issues or deterioration before they become a real problem.
Advancements in Facility Management Through Digital Transformation
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 organizing inspection and maintenance with paper, pen, and clipboards to implementing software solutions such as FOUNDATION, customers can reduce costs by seven to nine times. Schedule a demo to learn about how Intellis solutions can transform facilities management.
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Discover how IoT, machine learning, and big data revolutionize the Facilities Management Industry. Intellis' mobile enterprise solutions empower facility managers to harness technological advancements, ensuring healthy buildings, improved productivity, and sustainable infrastructure. Learn more about these transformative trends and explore our case studies to see how our solutions can help you achieve your business goals.
