Facility management is a critical aspect of ensuring that buildings are safe, comfortable, and efficient places to work and live. With technology advancing at a rapid pace, the industry is constantly evolving, and 2023 will bring a number of new trends to the forefront.
In this blog, we'll explore six of the most significant facility management trends and challenges in 2023, and how Singu FM software responds to these trends. It's time to get ready for the future of facility management!
What Are the New Trends in Facilities Management – Key Takeaways
Top facilities management trends include:
• ESG reporting software for real estate will be an indispensable tool for creating comprehensive reports on sustainable practices and performance, in order to demonstrate a commitment to ESG goals.
• The FM industry will leverage IoT technology, connected devices, and cloud-based data will continue to be leveraged by facility management to monitor and improve building operations, including remote meter readings, ESG reporting, and advanced data analysis.
• Facility managers will adopt preventive and predictive maintenance strategies to improve building performance and reduce unexpected repair costs.
• Tenant experience apps and IoT data-driven insights will be used to monitor and streamline tenant well-being and enhance their health and safety.
• A real-time energy efficiency monitoring system, reducing over-maintenance, and asset tracking will become one of the main cost-reduction strategies.
• Mobile-first building operations will become the standard, with a centralized app, a paperless approach, and easier communication with tenants.
What Is the Outlook for Facilities Management in 2023?
Trend 1: ESG Reporting and Sustainability
Environmental, social, and governance reporting is becoming increasingly important for real estate owners and managers. As the world becomes more conscious of its impact on the environment and society, more and more investors are looking for ways to measure the performance of the companies they invest in.
The first facilities management trend that we need to highlight is ESG reporting software dedicated to real estate. It will be an indispensable tool for creating comprehensive reports on sustainable practices and performance, in order to demonstrate a commitment to ESG goals. This will allow building owners and managers to understand the impact their buildings have on the environment, and identify areas where they can improve their sustainability.
The software will streamline organizations to calculate, track and report on their carbon footprint, energy consumption and other sustainability metrics, helping them to identify areas for improvement and meet regulatory requirements.
Trend 2: Harnessing IoT Technology, Connected Devices, and Collecting Cloud-based Data
The FM industry will continue to leverage the power of the Internet of Things (IoT), connected devices, and cloud-based data to monitor and improve building operations. This will include remote meter readings, ESG reporting, and data analysis with the help of widgets.
IoT devices will be more often installed in real estate to monitor, for example, temperature, humidity, air quality, or energy consumption. The number of IoT devices connected to the internet is expected to reach 27 billion by 2025 according to IoT Analytics' report.
We have already explained what are the main benefits and use cases of IoT sensors in real estate. Just to remind, this data is collected in real-time and analyzed to identify patterns and trends that can be used to improve building operations and increase employees satisfaction.
This technology will allow facility managers to quickly identify and address issues, improving the overall performance and efficiency of the building. And saving facility managers from having to climb up and down ladders to get a bird's-eye view of the building's operations!