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  • Prioritizing Digital Transformation, NOW is the right time to invest in asset performance analytics!

    Prioritizing Digital Transformation, NOW is the right time to invest in asset performance analytics!

    Just like any proactive facility manager, Henry had been managing a large commercial facility in UAE, over 2 years of his contracts he had managed to impress his client and delivered everything that was asked by the client. He had been planning to centralize all his data resources which would connect work order-related data, asset specific parameters as well as tenant billing details. This initiative would have given the much-needed push to his O&M teams to be able to maintain assets and deliver exemplary customer satisfaction. However due to budget and contractual constraints he wasn’t able to give time to work on this plan.

    Then came the pandemic followed by a global lockdown. As there was no centralised platform available to remotely monitor and control the health of the assets, Henry had to rely on a limited number of technicians at the site. Despite his busy schedule If he could have been able to give some time to his digital transformation strategy, he could have been in a better position to maintain his assets. and have a better asset performance management strategy.

    You might have come across a similar story after all this pandemic has introduced us to many of such stories about the people who procrastinated on digitalization and now they have to double down their efforts on the same. This statement by Carlo Alloni, managing director of Mitie Technical Services (UK based one of the oldest and biggest facility management companies), is so much similar to this story which explains:

     “The real value of digital transformation is not collecting that data; it’s about analyzing it and drawing out prioritized and actionable insights”

    For those who haven’t thought about facility-wide digital strategy, it’s high time to think about it rather start implementing it and if we want to pen down the specific drivers for digital transformation today then there would be the following two of them:

    Resilient buildings:

    For the optimum performance of the assets, it is important to have a predictable operating pattern but since the lockdown, facilities have been running on sub capacities which disturbed the preset conditions on BMS systems and with the limited workforce to monitor assets it became a difficult task to manage

     This problem could have been solved with the help of an application that correlates occupancy data with the asset performance which could detect the slightest variation in occupancy and adjust the HVAC parameters automatically to deliver the optimum performance or expected air quality while saving energy cost. 

    Now, occupancy is just one factor that has changed here but if we look around there are other factors such as changing climate conditions, grid stability and distributed energy sources that can cause an adverse effect on the facilities if not prepared for them.

    Changing contracts:

    As cost-cutting measures will be implemented across the portfolio, productivity and operations excellence will see a sudden up-shoot. As performance-based contracts take over the conventional contracts, margins would get the hit as you can not rebid to deliver high asset performance targets with old legacy technology. Constantly upgrading the way we share, analyze and interpret the asset data would be the only way to stay relevant in this fast-paced world.

    According to Mitie-Verdantix’s research on digital transformation in facilities management, 84% of facility management companies are embracing new digital transformation technologies and solutions at various levels of maturity however only 7% of businesses are constantly taking trials of the promising solutions while others are implementing proven solutions only.

    If you already have that in place and want to plan for the Asset performance analytics Proof of value trial? Then our next article will guide you through. Also if you like this article and found it insightful enough to share it with your peers then don’t hesitate a bit! 

    If you have any suggestions or want us to talk to our facility management team on what’s inevitable in digital transformation then feel free to write to us at [email protected]

  • New leadership strategy by Facility Management O&M teams in CRE to thrive in the digital transformation era

    New leadership strategy by Facility Management O&M teams in CRE to thrive in the digital transformation era

    You don’t know what you don’t know, you might have heard this line before. Simon Sinek (presenter of one of the most popular TED videos ‘starting with why’) once mentioned this line in one of his blogs. Whenever you kickstart a digital transformation journey (personal or corporate) it’s always recommended to realize the fact that you don’t know everything and should strive to constantly learn new things because you don’t know which skill will make the long-lasting impact on your career or personal life.

    Wait a min. Why am I talking about career, learning new skills on the blog that is focused on operations & maintenance in the CRE space? Well, Isn’t that what we all did during this unfortunate lockdown? We tried to learn new skills, finished a few online courses, refined our resumes, and added a couple of certificates to it. As we were experiencing this change, enterprises and organizations were also reshaping or refining the way they structure P&L strategy, or rather pressing the acceleration button on cost-cutting measures and focusing on improving productivity in every aspect of the business as possible.

    As an O&M engineer, one would know what happens when the O&M dept comes under the radar of a portfolio manager to reduce excess expenditure?! Or reduce energy consumption, since facilities management and sustainability goes hand in hand. Unfortunately, maintenance is that unlucky department that faces the most heat and negligence while in reality that could be turned into a profit center if planned right.

    So let’s compile the list of things which will be expected from an O&M dept in the coming times and find out ways to excel in them. (Some of the points might not qualify as pressing issues in the past but it won’t be “business as usual” scenario anymore these will come under must have skills in the recent future to stay relevant with the changing time)

    A) How do I find the right asset-specific data when needed?

    Now the building management system (BMS) is supposed to be the holy grail of O&M engineers if all the features are functioning and assets are connected to it but we rarely find that combination everywhere. So it’s imperative for an O&M department to have the basic infrastructure available to monitor and store the asset data. We know there are budgetary and contractual constraints to build the data acquisition and IT-related infrastructure but the performance-driven strategy can make it possible.

    Now let’s, Imagine a situation when a portfolio manager or department of excellence (DoE) asks for the report on the effectiveness of maintenance activity you worked on last month? Now, do you have the data handy? How soon will you coordinate others with departments to share the data with you? How will you do the analysis? Will you use an excel tool or the software? I know it will be a hell of a task for you to perform in a short period or risk your reputation.

    In this case, you would wish for a solution that will bring all that data (right from asset specific parameters, energy & maintenance related scheduling of that asset) to a central location and share the customizable reports with you which you can present to your seniors. BMS may be able to provide you asset data but for the other parameters, you still have to extract them from different sources.

    B) How do I move to Predictive maintenance? and reduce my reactive calls?

    Predictive maintenance is one of the highly misused words you would come across in the O&M industry. According to Gartner’s hype cycle report 2017 it was on the ‘Peak of Inflated Expectations’. It is like the stock market for a Robinhood investor ‘everybody wants to get in but rarely understand it’ and the sad part is that it is often used as a bait to promote not so smart applications.

    But it’s not all gloomy there so whenever you decide to go for predictive maintenance get some of the facts correct, ask yourself the following questions: Do I have the right sensors installed to get the granular level of data? What is the predictive analysis this application claims to perform (on which assets)?

    What are the insights am I supposed to receive? Will those be actionable operational insights or CAPEX based investment will be required? Will I be able to integrate other applications with this platform in the future? Once you get satisfactory answers to all these questions you can go ahead and invest in it.

    Ideally, an application should be able to provide prescriptive as well as contextual insights as in where is the saving opportunity, what will be the impact, and how to act on it so that you don’t have to keep looking at the dashboards all the time and figure out what is happening.

    C) How to ensure that I get the credit of my work and impress my facility manager with saving numbers?

    Transparency will be at the center of the digital revolution in facility management, every task that you perform or every interaction that you will have with the tenant or customer will have digital imprints. Imagine a scenario where your facility manager will have the numbers on saving opportunities you have identified, the number of assets related insights that you act upon and the average time it took to finish the work orders. With all that data you won’t have to worry about performance-related issues you can focus on your work and keep fixing things.

    Of course during all that you can learn tons of things at a self-pace such as how to make calculate complex data sets and make templates (try Power BI) how to visualize your data (again Power BI & Tableau) want to get your hand on regression analysis and time series forecasting? (Try OMI — a personal chatbot for O&M engineers and I am sure if you will know where to look for)

    If you like this article and found it insightful enough to share it with your peers then don’t hesitate a bit! In such times sharing is truly caring 🙂 If you have any suggestions or want us to talk to our facility management team on what’s inevitable in digital transformation then feel free to write to us at [email protected]

  • Digital Trends and Strategy- How are O&M teams in some Facility Management companies getting it right?

    Digital Trends and Strategy- How are O&M teams in some Facility Management companies getting it right?

    Hello everyone!

    Over the last few months, I have had the pleasure of closely observing and working with some of the top Facilities Management companies across MENA, India and UK. 

    I have observed some close similarities when it comes to their approach to initiating and enabling Digital Transformation particularly around Operations and Maintenance, shift to Data Driven Maintenance from routine Planned Preventive Maintenance regime, etc.

    With this short blog, I intend to share the key success recipe and some pointers for you and your teams to brainstorm on. 

    Ready?

    • Owning the solution

    They are focusing on building an overall architecture, connecting the dots from short term to long term perspective.

    • Well defined use cases

    Successful FM companies are working on very specific use cases, it’s like taking a Ground Zero approach and having a 30,000 FT view as well.

    • The Platform

    Selecting a generic platform, building further on it and then opening it up. Ideally, all your data should be in one place, owned and controlled by the FM.

    • Integrate Applications

    They are allowing niche applications to integrate and offer value. You get the best out of everyone and are not committed to a single player.

    • Shared Risks and Rewards 

    CIO/CDO Work in close collaboration with the “Business”. Both own the rewards and the risks.

    More importantly, top Facility Management companies act fast, make mistakes, learn and improvise again. What’s your winning strategy?

    Want to start with an asset performance analytics trial? Learn How Leading Facility Management Companies Are Scaling Asset Performance Management Analytics – Claim your copy of the Ebook now

  • Not all Dinosaurs will die and that’s good for everyone!

    Not all Dinosaurs will die and that’s good for everyone!

    Hello Everyone,

    Last few weeks have been super hectic and have contributed, me not being able to come back earlier to this topic “All Dinosaurs won’t die and that’s good for all!” and write a blog on it!

    Glad that I have finally been able to make time for it, here are some of my thoughts in connection to how I see the incumbents evolve in the Asset Performance Management analytics space in the CRE segment.

    Integrated Workplace Management Systems (IWMS), Computerised Maintenance Management Software (CMMS) and Building Management Systems (BMS) have all been technologies that have existed for ages. Over the last few years, especially after the emergence of cloud and mobile applications, we are seeing changes happening in the marketplace. Start-ups with better drive, agility have been able to force reimagination on how some of the software’s look and work in current times.

    While incumbents have been seemingly left behind in the software, analytics space, they certainly hold an edge when it comes to hardware and communications. So what does it really mean for the future?

    My feeling is that not all dinosaurs are going to die and that is good for all stakeholders.

    That is like a winning formula for all stakeholders. While not everyone is reacting fast, and that is ok as we cannot have a situation where every company would retain their position (at the top) for long, it is a zero-sum game at the end of the day.

    Much like the way we have had clear segmentation in the Smartphones Industry, the ecosystem of application developers and the ones who focus on developing devices intersect to provide amazing solutions to customers.

    Imagine what would happen if we would not be in control of both the choices we wish to make, that is to select the device and applications of our choice?

    What is your thought on this?

  • Say no to inflexible and expensive BMS analytics software NOW!

    Say no to inflexible and expensive BMS analytics software NOW!

    Hello Everyone,

    As I write this blog, I have some exciting news to share with you. OMI – Data analytics chatbot for O&M Engineers and Energy Managers was released last week. We have now had early sign-ups and users from the USA, UK, UAE, and India. Visit OMI now and get started!

    Alright, coming back to the objective of writing this blog. Most of the Facility Management teams have put up with inflexible and expensive BMS analytics software for ages. As a result of the recent crisis, few gaps have been exposed wide open.

    • Inflexibility will not work: 

    Fact that you cannot migrate your BMS data, use it the way you want and make the analysis you want is not justified, more so in current times.

    • Why pay more: 

    Alternatives (better and cost-effective) are available, as your FM contracts come under cost optimisation lens, you should now lookout to replace the existing analytics packages, addons you have installed.

    • Agility: 

    You will need tools that you once thought you may not need, your building analytics software partner (as against a vendor) will have to include those at speed and scale. 

    We are opening up the #Unlock_the_data challenge, we will demonstrate how xempla is the software you need to effectively manage data driven O&M and sustainability decisions across your portfolio, at fraction of your current cost! 

    You can send me an email at [email protected] and we will pick up the discussion at speed.

    Umesh Bhutoria (aka Omi)

  • The Rise of CREtech! Embrace the new agile solutions beyond innovation and technology

    The Rise of CREtech! Embrace the new agile solutions beyond innovation and technology

    Hello Everyone,

    Now as you can clearly see that as a result of working under the not so “Business As Usual” scenario, I’ve had some time to go back to writing and share some of my thoughts around the Commercial Real Estate and Facilities Management sector in general.

    Hoping you enjoy the candid and kind of original thoughts which are inspired by conversations with a number of prospects and clients across multiple geographies.

    One of the certain implications of the post Covid19 scenario is the need to redesign and reimagine the existing Facility and Asset Management contracts.

    This is going to be inspired by the need to manage costs and also as a measure to adequately be prepared on the digital front (should such a thing ever happen again, hope it never does).

    Here are some of my key picks, these are 5 points that i think will emerge in times to come:-

    • Reliable and Cost Effective Software Support

    Incumbent software companies will face the heat, now more than ever no one will like to pay for features that they don’t use!

    • Shift to Data Driven Maintenance.

    not everyone will still move to predictive maintenance or operations in general, but most will like to have some sort of data-driven mechanism going in now!

    • Higher Investments on Data Analytics.

    The relevance of having the right insights, on-demand will go up. Along with that, investments in an upskilling workforce will find more speed.

    • Centralised Service Delivery Model

    Having been in the reckoning for some time now, the centralized service delivery model will emerge again.

    • Leveraging Strengths.

    Wider collaboration between start-ups -start-ups and start-ups-incumbents likely, niche comes back in focus.

    Your list and thoughts?

    Is your facility management team ready for the performance based contracts? Or thinking about starting asset performance analytics trials? Well, this CXO’s Guide will answer all of your questions regarding APM trials and help you prepare for the performance based trials.