Industry-related news

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Here is a look at three ways AI and ML technology can be used in facilities management, taken from the session, “Facilities: Using Technology to Improve Maintenance Operations”.

Facility management enables the effective operation and upkeep of buildings and serves as a tool for regular, sustainable improvements. Depending on the facility and the company in charge, a facilities manager’s responsibilities may vary. However, managers are expected to be in charge of several common building procedures.

2021 was the year of resilient operations management. Now, looking at 2022, significant transformations are on the horizon. Especially as businesses must navigate the Great Resignation, supply chain pressures, and find the delicate balance between human work and technology. 

Operations management includes recognizing and optimizing the processes included in the production of services or goods, which can help cut costs. Thus, operations management facilitates selling more products/services and reducing costs, which means increased revenues and enhanced growth of an organization.

After more than two years of supply chain disruptions, many facility managers are looking for new ways to ensure they get the products their buildings and tenants need, especially managers of health care facilities, where obtaining supplies in a timely matter can help save patients' lives.

How well you carry out your role as an operations manager impacts your company's profitability and competitiveness, irrespective of its size. When you create efficient operating procedures, you minimize production costs, thus increasing the bottom line for your organization.

Choosing a proactive maintenance strategy for your facility helps you reduce costs and cut back on emergency repairs. Keeping track of the different types of proactive maintenance strategies can be a headache, though. What are the differences between predictive, preventive and condition-based maintenance? 

Operation managers carry an essential role in the business. There are five components under the operations umbrella: operations strategy, project management, human resources and team leadership, financials, and data analysis. The Ops Authority program teaches operations managers to up level their expertise and become experts in those five areas.

The global facility management market size to grow from USD 42.2 billion in 2021 to USD 76.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Various factors such as surge in demand for cloud-based facility management solutions and rise in demand for facility management solutions integrated with intelligent software are expected to drive the adoption of facility management solutions and services.

Growth in the facility management market is driven by growing housing market, smart cities development and rapid infrastructure development in the country.

FM Analytics startup develops a cloud-based maintenance software for daily, smart and advanced maintenance operations management. 

The recent growth of the real estate market and residential investments increases the demand for innovative facility management software.

 FM Analytics offers an innovative software solution for daily and advanced maintenance operations management.