Blockchain technology holds great promise and interest. Blockchain in facilities management holds even greater prestige and opportunity, especially in corporate real estate (CRE) providers and multisite portfolios. However, Facilities Managers interested in using the technology need to understand how it will impact current and future operations.
QSI Facilities Blog
In the modern world, businesses can track anything and use data to uncover insights into information, but people analytics in facilities management are often overlooked. People analytics use algorithms to assess how people respond to change, keep up with demand, and interact with others. That’s right. People analytics in facilities management are about uncovering truths in occupant experiences, and Facilities Managers need to know a few things about using them properly.
Managing multi-site portfolios, taking care of customers, and handling day-to-day operations, not to mention the stress in planning budgets, can overwhelm any facility manager. However, life cycle costing in facilities management can be leveraged to understand the costs associated with the building and its equipment. Unfortunately, facilities managers may confuse life cycle costing in facilities management with total cost of ownership; we will now analyze what are the key differences between the two, and how life cycle costing impacts facilities management.
Understanding artificial intelligence is a complex and simple process. It’s basically all math that’s used to analyze information and make decisions based on defined variables and preferred outcomes. Artificial intelligence in facilities management means eliminating uncertainty and letting computers do the thinking, freeing up time for Facilities Managers, but how will this affect the industry over the next few years?
Poor maintenance, unrelenting, noisy equipment, lacking supplies, and subpar treatment outcomes represent some of the key drivers of higher healthcare facilities management costs. Let’s take a closer look at how healthcare facilities are turning to technology to enhance infection control through cleanliness, bring healthcare closer to consumers, and reduce a major source of discontent and stress, noise in hospitals, while having the net effect of enhancing the healing process.
Remodeling a retail location is a complex task, and risk permeates the simplest of remodels. Facilities Managers faced with plans for renovation in retail establishments need to follow standard facilities management best practices and a few additional remodeling best practices to avoid the types of remodeling disasters that can cause untold disruptions and tarnish brand value.
How does your organization approach facilities management? If you are unsure about facilities spending or volume of work on the deferred maintenance backlog, you are likely relying on a reactive facilities management approach. Reaction is unavoidable in facilities management. Things go wrong. However, facilities managers can work to reduce the amount of reactionary maintenance and management by taking a proactive approach. Since these topics can be confusing, facilities managers should start by understanding more about the differences and benefits of proactive facilities management versus reactive response.
Quick service restaurant facilities management is often used interchangeably with fast casual facilities management, but both have slight differences. Carry-out facilities management remains a subset of restaurant facilities management, and it bears the burden of offering impeccable facilities, service, and food. Carry-out facilities management also bears the gravest risk; what if something, no matter how small, adversely affects a guest. The time to impress guests may be as little as walking in, paying, and leaving. That could range from a luxurious three minutes to a rushed 15 seconds. There is no room for error, as seen in Wendy’s push to use technology to get more customers in and out of their stores, reports Market Wired. Facilities Managers need to understand why carry-out facilities management literally takes the cake.
Natural and man-made disasters put a spotlight on businesses ill-equipped and ill-prepared to handle disruptions. Business owners and Facilities Managers often look at the coastal-only risks, but disasters can include earthquakes, floods, droughts, tsunamis, tornadoes, and outbreaks of food-borne illness, reports Kimberly Amadeo of the Balance. Disasters have a terrible impact on the economy, costing more than $1 trillion in disruptions in 2017, forcing the cost of necessities, like food and gas, to rise and having the potential to slow economic growth for decades. Businesses need to reevaluate their understanding of disruption costs and how emergency services facilities management can help.
A productive business hinges on the ability to save money where possible and increase profitability. However, this principle can be misconstrued in facilities management and facility service quality. Facilities Managers and executive-level leaders may be more concerned with cost than quality. In the modern era, companies are popping up to offer facilities management services at lower rates, but Facilities Managers need to understand a few things about how these companies differ before getting into a contract that increases stress and value leakage, as explained by FacilityManagement.com.