In 2023, digital transformation is critical for CREs to meet the evolving expectations from occupants, boards, and compliance authorities. With the fast-paced changes in technology, increasing competition in the market and the evolving nature of demands from CREs, companies that do not adapt, die.

Using internet of things (IoT) technology in facilities management (FM) presents more opportunities to improve operational efficiency and savings for businesses. More enterprises are transforming their facilities into smart buildings by leveraging the technology and adopting compatible software platforms. ?According to the International Data Corporation (IDC), there will be 41.