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Get Ready For The Technology Disruption That Is About To Hit The FM Industry

Across the facility management industry, growth in the use of facility optimization strategies is being driven by increased FM cost management requirements, potential operational efficiency improvements and competitive pressures to win and retain contracts. Facility optimization helps FMs and other building operators to integrate currently siloed value propositions, such as maintenance management, energy management and space management into an integrated and more profitable value proposition. While the benefits of facility optimization are many, the FM and real estate industries are notoriously slow when it comes to change. A new crop of facility optimization technologies is likely to speed up the transition over the next two to five years. Verdantix research has identified several technologies which are poised to disrupt facility management. Verdantix analysed 29 technologies as part of its Technology Roadmap for Facilities Optimisation technologies. Of particular interest we found:

Beacon and improved sensor technologies for more efficient data capture.
While there is significant media buzz around the benefits of solutions such as automatic fault detection and diagnosis, predictive analytics and machine learning – none of these solutions provide value without reliable, high quality data inputs. Building technology vendors are investing to help facility decision-makers achieve one of their top priorities – improving the quality of facility data captured, analysed and reported. For example, Irish headquartered Black Bear provides beacons to help facility managers track and monitor mobile and stationary equipment in real time. While Finnish firm, Wirepas, and Australian firm Levaux provide wireless sensors that operate as a mesh-based communications platform which enable smart networks that do not fail with the failure of a single communication point such as a central gateway.

Drones to better manage high-risk construction and maintenance activities.
Unmanned vehicles that either navigate autonomously or via human remote control has gained popularity within the worker safety industry as these drones help decision-makers achieve ambitious worker safety goals and lower a number of operational risks around working at height. Drones within the real estate industry can be fitted with cameras, video recorders and thermal imaging technology to support facility inspection, maintenance and engineering activities under conditions that pose a significant hazard to humans – such as hard to reach rooftops or HVAC units on ever taller buildings. Drone use within the construction industry has seen limited traction; however it is something to keep an eye on as firms such as investors Riverwood Ventures, Bee Partners and Autodesk invest in vendors developing drone solutions for the construction and facility management industry.

Augmented reality for faster fixing of faulty building equipment.
Vendors such as Schneider Electric, Siemens and Trimble are investing in augmented reality solutions that will help them to deliver on improved facility maintenance and operational efficiency objectives by enabling quick and easy access to information required for equipment installation and maintenance procedures.

To hear more about technologies set to disrupt the facility management industry, be sure to register for the upcoming Verdantix webinar: Using IWMS Solutions To Make Lease Accounting Changes Easy