What is IoT? 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.
How will IoT influence Facility Condition Assessment for Capital Planning
The core benefit of IoT is its ability to collect, digitize, and act on data. This allows organizations to capture more information about their physical assets, quickly respond, and act on this new business intelligence.
As we move into a world where everything is connected, a new "smart infrastructure" will need to be implemented. This will enable asset and facility management tools to manage the scale and lifecycle of dispersed yet connected physical assets.
Discover why Facility Managers should embrace technology.
This means facility managers, inspectors, and capital planners will find it much easier to identify infrastructure issues, maintenance, and potential problems in IoT facilities.
Driven by new and emerging technologies, including the Internet of Things (IoT), machine learning, and intelligent mobile devices, Facility Condition Assessment for Capital Planning is rapidly evolving.
Benefits of Facility Condition Assessment
Facility Condition Assessment (FCA) is an essential process for ensuring the safety and longevity of an organization's physical assets. By conducting regular FCAs, facility managers can identify malfunctioning assets that could significantly impact an institution's health and safety compliance and future capital investments.
This assessment data can also help managers make informed decisions about maintenance, repairs, and replacements, ultimately improving the efficiency and effectiveness of their operations. Additionally, FCA data can be used to develop more accurate and comprehensive capital plans, enabling organizations to allocate resources more effectively and prioritize critical infrastructure projects.
Overall, the benefits of conducting regular FCAs are numerous, ranging from improved safety and compliance to increased efficiency and cost savings. When facilities managers begin developing their capital plans, it is essential to focus on malfunctioning assets that could significantly impact an institution's health and safety compliance and future capital investments.
Using mobile technologies, specifically tablets, to capture inspection data is the most accurate way to record assessment data. This also makes it easier to apply enterprise asset management-specific analytics. Tablets facilitate real-time data capture, which can provide unprecedented information on asset age, planned replacement times, and replacement costs, including removal and startup.
The Internet of Things (IoT) is emerging as one of the most promising and essential topics in the tech sector. IoT devices are vital in monitoring air quality, health status, and home security. So, how could IoT be applied to facility management, condition assessment, and capital planning?
How will the Internet of Things (IoT) influence Facility Condition Assessment for Capital Planning?
The benefits of implementing IoT devices for Facility Condition Assessment and Capital Planning include flexibility and observability. Some of the uses already becoming commonplace include:
- HVAC settings are automatically adjusted with a CO2 meter that estimates the number of people in a room and relays that data to the system, instructing it to increase ventilation.
- Turning lights on or off automatically in coordination with occupants entering or exiting a space using an occupancy motion sensor.
- Analysis of facility sensor data from a universal dashboard monitors physical assets across all buildings.
While IoT devices and other types of smart building technologies are already commonplace, such as controls for lighting and HVAC systems, several more applications are starting to emerge:
- Vibration Sensing Monitor vibration with sensors so that FMs can reduce noise for occupants.
- Security Integrate IoT into cameras, smart locks, credential readers, and other physical security devices.
- Space Management Track occupancy and space utilization throughout all facilities by incorporating IoT devices into meeting rooms and other commonly used spaces.
- Safety Link systems for emergency alarms and mass notifications with IoT devices so occupants can evacuate faster.
Digital Transformation in Facility Condition Assessment with FOUNDATION
Digital transformation is a revolution in improving physical assets' quality, production, and longevity. The FOUNDATION software platform is part of this revolution, transforming Facility Condition Assessment for Capital Planning. With FOUNDATION, you will be well-equipped to be at the forefront of the next wave of digital transformation.
Are you interested in learning more? Please contact us to schedule a demo, and our experts will reach out to you within 24 business hours to talk about how Intellis software improves facility condition assessment for capital planning.
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How IoT is Revolutionizing Facility Condition Assessment for Capital Planning
Are you curious how the Internet of Things (IoT) influences facility condition assessment for capital planning? With its ability to collect, digitize, and act on data, IoT devices are transforming how facility managers, inspectors, and capital planners identify infrastructure issues, perform maintenance, and manage dispersed yet connected physical assets. Mobile technologies, tablets, and universal dashboards are just some ways IoT is applied to facility management, condition assessment, and capital planning. To learn more about how the FOUNDATION software platform is transforming Facility Condition Assessment for Capital Planning, contact Intellis today.
