The Internet of Things (IoT) is among the top buzzwords in all industrial circles, and it has a profound meaning in facilities management strategies too. Some Facilities Managers continue to view the IoT as a passing fad, laden with hype and few results. The IoT holds the framework for building predictive maintenance schedules and using technology to reduce costs, but these facts often are ignored. As explained by Nicholas Fern via Internet of Business, as few as 15% of Facilities Managers fully utilize predictive maintenance tools, and a mere 35% follow a preventative maintenance approach. While some argue the buildings are unsuitable for smart technology, simple smart implementations, such as an automated, sensor-driven HVAC system, are steadily increasing ROI and reducing loads. This is only possible through the IoT. Also, the IoT market in commercial buildings is expected to climb to more than $22 billion by 2026, reports i-SCOOP. This clearly disputes common woes among Facilities Managers. Let’s take a closer look at some of the facts surrounding the IoT in facilities management strategies.
1. Facilities Managers’ Salaries Reflect Growing Confidence in Facilities Management Strategies’ ROI
As explained by Edward Sullivan of FacilitiesNet, the median salary for all facilities management professions is $85,000, which contains a 1.8 percent increase from last year. Part of this increase may be attributed to reducing facility operating costs, as well as decreasing staff members. The IoT is well-known for its ability to enable Facilities Managers to do more with less, asserts Bhavesh Patel of Facility Executive, freeing capital for investment in talent.
2. The IoT Increases Space Use
Using advanced analytics, the IoT can review space use. This is not simply thinking about how many cubicles can fit into a space; it uses data from temperature sensors, heat maps, occupancy rates, and natural lighting sources to increase the productivity of the business environment. This allows workers to use their space more efficiently, relying on fewer resources for light, comfort, and other needs.
3. It Promotes Proactive Maintenance, Reducing Reactive Maintenance
The average age of today’s facilities management maintenance workers sits in the mid-40s, and more maintenance workers are approaching retirement. Unfortunately, the skills gap between yesteryears’ workers and millennials continues to exist, and millennials are tuned in to modern technologies, using the IoT. Innovative technologies are essential to moving from reactive maintenance to proactive maintenance. Facilities managers can leverage this information to attract new talent and close the gap between reactive and proactive maintenance, explains Aramark.
4. Architects and Designers Are Using Interoperability Within the IoT Across Large Enterprises and Different Industries
Across all industries, engineers, architects, system designers, coders, Facilities Managers, and C-Suite executives are using connectivity between IoT-enabled devices to drive value. This will allow for the continued transition to automated facilities management tasks and the creation of a better occupant experience. Smart devices can actively engage with building occupants as well, further increasing brand recognition and reducing risk.
Leverage the Power of the IoT in Your Facilities Management Strategies Now
Sadly, the majority of data collected from IoT devices remains unused, according to McKinsey and Company, reports Naomi Millán of FacilitiesNet. More Facilities Managers are viewing stand-alone on-site systems with suspicion, and the seemingly irrelevant information is being leveraged by Facilities Managers to identify useful, actionable needs. This lends itself to optimization and prediction via a single pane of glass across your enterprise. Take steps to leverage the power of the IoT today by visiting QSI Facilities online or calling 1 (877) 286-4605.