Facility management trends are always changing because businesses must adapt to disruptive forces. In the past few years, businesses have had to redesign their work models and culture, which has brought new dimensions to the facility management industry.
Due to the increasing complexity of facility portfolios and the ever-growing need for specialized expertise, facility management has become a core part of business models across industries. Technology is emerging as the biggest driver of change, but other issues like sustainability, workplace productivity, and process efficiency have also played a huge role.
However, as all this happens, businesses must systemize the process because facility management trends are unrolling rapidly and will likely penetrate the industry very soon. This year looks to be the time where most facility management trends will be implemented. We have prepared some top facility trends that will continue to dominate 2023 and the forthcoming years.
What is Management 4.0?
For the last 20 years, digital technologies have become more available and crucial for most businesses. Advances in technology are expected to accelerate over the next 20 years, transforming nearly all aspects of the world.
Currently, the world is in the Fourth Industrial Revolution, mainly incorporating digital elements into the industry. Management 4.0 looks to understand what the revolution will mean for managers and business owners.
According to Statista, globally, organizations use an average of 110 SaaS applications in their workplace. Management 4.0 is an intersection of concepts that’ll help managers and business owners to adapt to a world driven by multiple technologies.
The main principles of Management 4.0 are observing customer behavior and modernizing industries through technology. In addition to the two main principles, channel diversification, data analysis, high-performance teams, and automation are also core parts of Management 4.0. This will help managers and business owners manage their facilities more strategically.
Business Sustainability and Efficiency
Business sustainability continues to be a big trend in the facility management industry. As concern for the environment continues to gain momentum, businesses are looking for ways to reduce their carbon footprint. Business sustainability can also be viewed as how the facility manages its growth.
Despite understating the importance of business sustainability from both perspectives, the facility management community is still far from being fully sustainable. In terms of managing the facility’s growth, the focus is on bringing various improvements in operational, effectiveness, profitability, and team efficiency.
On the environmental side, the facilities’ goal is to reduce carbon emissions and save energy. This means implementing sustainable practices such as energy-efficient lighting and promoting environmental consciousness. Facilities can leverage sustainability dashboards to help track their sustainability goals.
Almost three years since Covid-19 hit the world, many businesses are still struggling with its impact on the workplace. The pandemic disrupted the facility management framework, leading to a backlog of work for managers and employees. Ultimately, this led to the great resignation where employees demanded better workplace culture, dealing a heavy blow to facility managers who were still reeling from the pandemic’s effects.
Disaster management has now become a crucial part of many businesses, and the trend is expected to continue. The danger of a climate catastrophe continues to loom, as witnessed in the UK, where a heat wave made the temperature ten times more severe, leading to fires. China also experienced a heat wave that led to many facilities shutting down operations for a week due to scorching heat.
In the wake of new disaster-related challenges, facility managers and business owners need to have plans that’ll help them overcome worst-case scenarios. Some areas to include in your disaster management plan include operations, space utilization, climate control, communication, shift management, and safety policy.
Digital Twin and IoT
Digital twin is an emerging technology that lets businesses create simulations for an intended product, process, or system based on real-world data to predict how they’ll perform once they are launched.
The growth of IoT sensors is part of why digital twins are possible. IoT-powered solutions have been around for some time, and they’ve helped facilities improve efficiency through automation and other technologies. IoT solutions are gaining momentum because they combine tracking capabilities with data collection, storage, and analysis, allowing facilities to remove any guesswork from their decision-making process.
As IoT devices become more refined, digital twins will be able to handle more complex challenges driving innovation and improving performance in the facility management industry. With the addition of data analytics and artificial intelligence, digital twins are set to become a necessity in the facility management industry, especially with the ever-changing demands and stakeholder expectations.
In a world driven by data, it was only a matter of time before businesses realized the power of data-driven actions. Data has become the most crucial factor in the augmentation of the process transformation journey since it provides businesses with financial, operational, and customer service benefits.
Data analytics is expected to continue being a facility management trend in 2023 as the appetite for data-driven ecosystems continues to grow. However, it’s shifting from standard implementations to sophisticated applications that bring all aspects of facility management under one umbrella.
Integrated facilities management tools focus on bringing vendors, employees, processes, and other features involved in managing facilities in a single system. Through technologies like automation, artificial intelligence, and machine learning, these systems help facilities overcome siloed operations’ limitations.
FM:Systems Is Here to Help With Your Facility Management Needs
2023 looks to be the year for most facility management trends to penetrate the industry, and business owners need to be prepared since most of them will move from being a trend to a necessity. Fortunately, most of these trends are technology-driven, which is why getting a facility management system would be a step in the right direction.
At FM:Systems, we provide products and solutions that’ll help transform the workplace experience with actionable insights. Our suite of Workplace Management Solutions brings employees together, creating a healthy workplace that enhances productivity and work satisfaction.
Schedule a demo today to learn more about how we can help with facility management.