Do you currently manage your facility data on spreadsheets?
To effectively manage a large real estate portfolio, facility managers depend on enormous amounts of information, which is typically contained in various repositories.
Asset Information
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Inspections and other processes create literally millions of discrete data elements on mechanical, electrical, plumbing and other systems in an asset portfolio. This data is critical to determine asset maintenance needs, calculate asset remaining useful life, and prepare capital replacement plans.
Facility managers need a more efficient and effective way to manage their asset information.
To store their data, many facility managers still rely on large numbers of spreadsheets and/or databases that are inherently inefficient, inflexible, and cumbersome. Data duplication and impaired data integrity are common problems. In addition, because this data is typically inconsistently organized in data repositories, facility managers are unable to leverage predictive analytics. These drawbacks typically lead to inaccurate analyses, suboptimal decision making on asset investments, as well as increased risks of business disruption, health/safety incidents and regulatory violations. This can potentially cost an organization considerable time and money.
