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Editor’s note: FM Perspectives are industry op-eds. The views expressed are the authors’ and do not necessarily reflect those of Facilities Management Advisor. Many former technology executives, including the authors of this article, have left tech companies like Microsoft and Google to helm legacy industries ripe for modernization, including the buildings industry. The digital and […]
What are smart buildings and how are they a part of facilities management? They incorporate cutting-edge technologies that can reshape the way we interact with and optimize our spaces. On Nov. 1, Facilities Management Advisor’s FM Now: Smart Buildings virtual summit will offer FREE educational sessions to help you identify ways to embrace the future […]
Business leaders are itching to solve the labor shortage puzzle—and for good reason. In critical trades like plumbing, HVAC, construction, and manufacturing, there’s been a 70% decline in labor force participation since the end of 2019 due to the aging workforce. Today, the average facility worker is 51 years old. As older employees retire, there […]
As buildings become more modern and complex, a facilities manager’s responsibilities and hiring needs continue to change rapidly. Already, smart buildings are a big talking point within the industry, with research estimating that the market will grow to $408.21 billion in 2030, up from $96.96 billion in 2023. The rise in smart buildings, among other […]
In today’s fast-paced world, Computerized Maintenance Management Systems (CMMS)/Computer Aided Facility Management (CaFM) automation has become integral to facility operations. However, not all CMMS/CaFM automation is created equal. Many facilities find themselves stuck in what we call a “superficial automation pitfall” that results in siloed and broken operation processes. This pitfall is caused when facilities […]
Editor’s note: The views expressed in op-eds are the authors’ and do not necessarily reflect those of Facilities Management Advisor. The recent Canadian wildfires greatly impacted air quality hundreds of miles away in major American cities, demonstrating how disasters in one country can affect the health of others. This issue also came to light in […]
In the aftermath of the COVID-19 pandemic, the commercial real estate and building management sectors have had the opportunity to adapt and capitalize on new opportunities. Among the various sectors comprising the industry, the U.S. engineering and construction segment has demonstrated impressive growth, with a notable 8% increase in construction spending during the beginning of […]
A new survey reveals that while many U.S. businesses are embracing smart building technology to increase energy efficiency and lower costs, they may fall short of their goals due to an inability to master the data. Toggled, a building management solutions company and wholly owned subsidiary of Altair, recently surveyed more than 500 U.S. facility decision-makers throughout […]
Companies remain incentivized and pressured to switch to smart technologies, as they significantly improve efficiency, reduce energy costs, and provide analytics that support green initiatives. However, the more tech a business implements, the more susceptible it is to data compromises. Nations worldwide are working to enact legislation to bolster data privacy and data use transparency […]
Honeywell recently released its 1Q 2023 Environmental Sustainability Index, a quarterly indicator of key trends pertaining to global efforts in climate change mitigation and other sustainability initiatives. The global study, which surveyed more than 750 business leaders involved in the sustainability process, revealed that nearly 98% of organizations have been at least somewhat or extremely successful in […]