Know how these 3 technology trends can simplify facility maintenance management

1. 3 Trends How Technology Can Simplify Facility Maintenance Management

2. Introduction The facilities management software industry is expected to experience massive growth by the end of 2023. According to a 2018 facilities management market forecast by Technavio, the market value will go over the $678- billion mark within the 2019-2023 period, reflecting an impressive 12% compound annual growth rate (CAGR).

3. As existing technologies advance and new innovations come into play, the facilities maintenance management sector will continue to grow and thrive. The demand for better, faster, and more secure facilities management solutions will never wane as long as the following technologies keep on evolving and make facility maintenance management a breeze. • Manage Facilities in the Cloud • Automate Schedules, Tasks and Other Critical Processes • Make Facility Management Smarter with AI

4. Manage Facilities in the Cloud • Among the major factors that fuel global facility maintenance management system demand and adoption is the need to move business-critical processes and systems to the cloud. • This is supported by a recent survey administered by LogicMonitor, wherein 83% of enterprise workload will be performed in the cloud by 2020. • By operating in the cloud, facility maintenance management services providers are able to expedite the delivery of high-quality facility maintenance and management services. • Top class, high-value service, along with the expert tips found in the FinancesOnline.com consumer reviews guide, will definitely catapult their consumer trust and ratings and boost the growth of their business.

5. Automate Schedules, Tasks and Other Critical Processes With the aid of an automated facility management system, facility managers automate a myriad of mundane facility management processes such as generating status reports, delegating tasks to the most qualified personnel, activating mechanisms once certain conditions are met, and more. The benefits of automation include faster and more accurate processes, enhanced productivity, and minimization of human errors to name a few. By automating exhaustive and time-intensive routines, facility managers and management teams can focus on more critical and pressing concerns and issues without worrying about missing opportunities and making catastrophic mistakes.

6. Make Facility Management Smarter with AI The entry of automated facility management solutions has increased the efficiency and productivity of facility managers and professionals all over the world. By eliminating the manual element from most of their responsibilities, facilities maintenance and management workers are able to hone in their focus on crucial tasks and goals that add more value to their organization. By incorporating AI, enterprises are able to significantly increase efficiency and productivity, bring down operational expenses to an impressive level, and further increase compliance and safety in the workplace among other benefits.

7. Conclusion Checklists and spreadsheets are a thing of the past. The cloud, automation, and AI are just some of the many technologies that will reshape the way facilities maintenance management is done. There is no stopping the progress of technology and its impact on business, particularly in facilities management. Now is the high time to invest and bring in a more modern approach to making your facilities more productive and cost-effective assets in your enterprise.