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.

Data-driven facilities maintenance (DDFM) is a growing digital transformation trend in the industry as organizations strive to improve efficiency and accuracy in their operations. Internet of Things (IoT) technology is key in driving DDFM, providing businesses with real-time insights into their facilities. Let’s look closer at how IoT technology