What is IoT? How has it changed modern Facility Management

Use of IoT in Facility Management Many organizations such as SILA are increasing their implementation of IoT and analytics to improve operations and save money. There are many concrete ways that new digital technology can materially improve facility management. They include: 1. Data-driven decisions and automated analysis Building automation systems produce an enormous amount of data. If accessed and analyzed, this data can provide transparency and help management make smarter decisions. Property managers can get a full picture of the ongoings within buildings, and make evidence-based decisions. Information is power and if used correctly; it can increase productivity, ROI, and help management make better decisions faster. 2. Efficient employee performance The Internet of Things helps remove daily frustrations from the workplace by seamlessly guiding the team through the day. Environmental sensors help ensure that the temperature and humidity levels at the facility are optimal. Thanks to connected systems, tracking facility area takes less time — thus, your team will be able to process more orders every day. 3. Reduced operating costs Hospitality, healthcare, office space facilities and housekeeping services use the Internet of Things data to find patterns in usage. Connected tools help determine when the demand for resources is lower than usual and reduce energy and heat consumption. Thus, using IoT, electric utilities and other operating costs decrease. 4. Risk Mitigation IoT is a huge leap for facility managers in terms of contingency planning and physical security. Connected cameras, implanted tags, beacons for ID confirmation, and other tools help detect threats and eliminate them quickly to avoid crises at the facility. The technology provides facility managers with an extensive pool of high-value data, helping support the decision-making process. What does the future hold for IoT? Acceleration of technological development; growing information exchange between developed and developing countries; as well as developing countries participating in technology development will shape the landscape of facilty and project management. The subsequent consequences to the facility management industry, is that it will benefit from increasing labour costs as well as collaborative networking systems.