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Artificial Intelligence in Facility Management
Artificial Intelligence in Facility Management
Facility management is the part of the business that has always been under pressure to ‘do more for less’ and to deliver the magic 10% cost savings that the core business demands of it.

Artificial intelligence is becoming increasingly significant in facility management. In particular, predictive maintenance is a significant application of AI in this domain. Predictive maintenance is the process of using data to predict when equipment will fail and needs to be repaired or replaced. This is significant because it can help prevent equipment failures, which can lead to disruptions in service.

 

With the pressure on organizations to do more with less, Facilities Management (FM) must challenge itself to be a strategic business enabler. To dominate the market, FM must continuously look for ways to improve their performance and cut costs to stay ahead of the competition. One way to accomplish this is to adopt innovative technology and solutions. But, this can be a daunting task.
 
Technology has had a profound impact on the facility management industry. The advent of computerized maintenance management systems (CMMS) and enterprise asset management (EAM) systems has helped facility managers to become more efficient and effective in their jobs. The next frontier for the facility management industry is the application of artificial intelligence (AI) to help facility managers meet the challenges they face.
 
As technology advances, artificial intelligence (AI) is increasingly applied in a number of fields, such as healthcare, retail, finance and education. AI is also playing an important role in facility management (FM). The application of AI in FM is still in its early developmental stages, but it is already exhibiting a number of potential benefits for both facility managers and occupants.
 
The purpose of this paper is to explore the benefits of artificial intelligence (AI) in facility management development projects. In doing so, this paper also seeks to provide insights into how AI can be used in future projects to improve efficiency and accuracy. This paper will also address the potential risks associated with AI-enabled facility management development projects.
 

Evbex is an estates, property and facilities management consultancy, advisory, technology and training company that is headquartered in the UK and has bases in Asia, the Middle East and North America.

Their FM Technology platform, FM Navigate is an intelligent Facilities Resource Planning and Management System (FERP) developed to manage and administer complex and dynamic estate and facilities management services. It provides a multi-platform, cloud-based technology solution that caters specifically for the needs of modern-day challenges and future requirements, organizations through a need to support the core business in a cost effective, agile, and optimized way. Take control of your FM operations and outsourced services with FM Navigate.