As we enter 2024, facility management is experiencing a transformative shift due to technological advancements, sustainability practices, and evolving industry demands. Facility managers stay on top of these trends to ensure their organization can adapt and meet the dynamic challenges of modern facility management. From leveraging cutting-edge technologies for operational efficiency to embracing sustainable practices, this blog explores the trends shaping the facility management landscape in the year ahead.
1. Surge in CMMS Integrations
Facilities are strategizing how to enhance operational efficiency, leading to a surge of Computerized Maintenance Management Systems (CMMS) adoptions in 2024. Facilities are actively adopting CMMS as it provides a centralized platform for efficient work order management, preventive maintenance scheduling, and real-time monitoring of equipment conditions, enhancing overall operational efficiency.
As more facilities implement CMMS, by 2028, the market is predicted to reach a valuation of $1.7 billion. This upward trajectory underscores CMMS as a pivotal solution for modernizing maintenance practices in complex facility management scenarios.
2. Out with Paper, in with Mobile
With the global trend towards sustainability, we are seeing facilities attempt to make their management strategies greener by going paperless. Facilities are adopting mobile technology to track asset performance and schedule timely maintenance. Integrating mobile technology is allowing facilities to not only be more sustainable but also identify their shortcomings.
3. Harnessing IoT for Predictive Maintenance
Predictive maintenance utilizes historical and real-time data from equipment, sensors, and usage to predict asset failure before it happens, one of those sensors being IoT sensors. IoT sensors can monitor temperature, humidity, occupancy, foot traffic, and water leaks.
Organizations with various assets are increasingly leveraging predictive maintenance to minimize the impact of equipment downtime on revenue, visitor experience, and reputation. Facilities are one of them and are integrating IoT sensor data into their asset software to automatically generate a work order and dispatch it to a designated service provider for repair or replacement.
4. Energy Conservation Strategies
Buildings are responsible for nearly 40 percent of global energy-related CO2 emissions, making technology pivotal to achieving sustainability. To cut down on facility operating costs, managers are implementing energy-saving plans.
Facilities are utilizing their existing facility management software to monitor their building’s energy consumption and improve their sustainability efforts. Doing so will allow facility managers to identify trends in energy usage and optimize lighting, HVAC, and other factors.
5. Moving Towards Preventive Maintenance
Despite reactive maintenance being more costly, many facilities still rely on this maintenance method. Facilities are now using their facility management software to facilitate preventive maintenance, allowing facilities to complete maintenance before asset failure, resulting in the following benefits:
- Longer life of assets in optimal condition
- Reduced operational disruption from unexpected downtime
- Improved financial planning
To further improve asset maintenance, facilities are also integrating loT and AI to track asset performance and condition, allowing continual improvement of maintenance strategies.