These assessments are critical to understanding maintenance needs, determining assets’ remaining useful life, and creating accurate capital replacement plans.
Despite advances in facility management technologies, many facility managers still rely on manual, paper- based processes that are inherently inefficient, error prone and cumbersome. Much of the data collected is inaccurate, inconsistent, and based on subjective criteria. Because the data is typically not aggregated in a single repository, facility managers are unable to leverage the power of predictive analytics. Legacy systems often present inflexible environments that cannot be easily adapted to a rapidly changing business environment.