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Facilio acknowledged as a strong challenger with a clear
vision, established financial strategy and an innovative
product that delivers transformative value addition.
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Independent analyst firms find Facilio’s machine-learning
based predictive and real-time optimization of assets
making them a clear challenger to the status quo. Facilio
has also been identified as a compelling solutions
provider in Integrated Workplace Management Solutions for
2019
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Facilio well positioned to enable multi-fold advantages
for post-construction real estate operations globally,
with data-driven platform and applications.
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Rapid expansion of product capabilities has led to Facilio
being recognized by leading industry analysts operating in
two different segments.
Dubai, UAE, November 20th 2019 :
Facilio Inc., the New York based Data-driven Enterprise
platform for Facilities Operation and Maintenance, has been
lauded by two of the most esteemed industry analysts in
their recently published reports. The ‘Verdantix Green
Quadrant IoT Platforms For Smart Buildings 2019’ and
‘Integrated Workplace Management System Market - Global
Forecast To 2024’ by Markets and Markets,
are highly regarded
evaluations of industry trends and players, and their
assessment of Facilio’s vision and execution has been very
positive.
Both reports have identified Facilio as a fast maturing
start-up redefining the value addition that the FM function
delivers, and effectively challenging the industry status
quo and incumbents due to the innovation and modern
intuitiveness of its product. The only independent
benchmarking of software vendors with IoT based products in
this space; the ‘Verdantix Green Quadrant IoT Platforms For
Smart Buildings 2019’ report was created on the basis of
live product demonstrations and a comprehensive 108-point
questionnaire, which surveyed 304 real estate customers.
Facilio’s addition to the quadrant as a Challenger is
particularly noteworthy as it’s the youngest company,
positioned against long established industry leaders like
JCI, UTC, GE and Siemens. “Facilio is not encumbered by
legacy approaches and has built its solution with IoT in
mind from the outset” says Dennis Callaghan, Principal
Analyst at Verdantix. “Facilio’s centralized IoT platform
unifies disparate data, from multi-vendor automation systems
and equipment, across a portfolio of buildings, and delivers
a suite of cloud-based solutions for operations and
maintenance. Being able to deliver machine-learning based
predictive and real-time optimization of assets makes a
compelling case for a relatively recent entrant to be
identified as a clear challenger to the status quo. We found
their interface intuitive and simple,
with highly customizable dashboards. Customers shouldn’t
have much of a learning curve. Facilio was built for the
modern IoT enabled world”.
A similar outcome was expressed in the ‘Integrated Workplace
Management System Market - Global Forecast to 2024’ report
by Markets and Markets. Aimed at estimating the size of the
IWMS market and its future growth potential across segments,
the exhaustive report that analyzed the North America,
Europe, APAC, MEA and Latin America regions, acknowledges
Facilio as a strong challenger globally, a young company
with a clear vision and established financial strategy, and
well positioned to disrupt the industry by providing a
unified O&M solution and end-user oriented platform. “By
giving commercial real estate businesses a means to unify
asset performances, across their entire portfolio and in
real-time, Facilio creates the possibility of predictive
control and agile operations” Mayank Bhushan, Lead Analyst
(ICT) of Markets and Markets says. “The advantages aren’t
limited to reducing operating costs,
but rather to be able to turn data into insights that can be
visualized in different ways, and used to optimize
efficiency and sustainability with a single platform.”
Facilio has welcomed this recognition by reputed third party
research firms as an encouraging validation of their
solution and approach. “Since our inception, Facilio has
been driven by the desire to deliver decisive advantages for
all stakeholders in the real estate industry. Our solution
helps buildings and workplaces leverage data from existing
automation to deliver superior tenant experiences and
unprecedented sustainability outcomes”, says Facilio CEO and
Founder Prabhu Ramachandran. “We directed the venture
capital we attracted into bolstering the pace of our
innovation and expanding product capabilities rapidly, and
this is what has led to us being recognized by leading
industry analysts operating in two different segments.
Data-driven continuous efficiency and unified operations is
an emerging need in the industry and Facilio is at the
forefront of helping customers usher in this evolution”.
With some of the most respected voices in the industry
acknowledging the transformative influence that Facilio
brings to the table, the company is emerging as a strong
contender to incumbents. In particular, the reports
recognize the predictive diagnostics, ease of
implementation, ability to integrate with multi-vendor
systems and centralized automation control, offered by the
Facilio software platform.
“Emerging global trends in real estate Operation and
maintenance necessitate the kind of technology driven
solution offered by Facilio”, adds Prabhu Ramachandran. “As
the industry seeks to reconcile enhanced customer
expectations, demanding sustainability targets and
competitive performance requirements, Facilio offers a
solution that resonates with these market needs”.
About Facilio
Headquartered in New York (USA), with operations in UAE and
India, Facilio offers an Enterprise platform for data-driven
real-time facilities operations & maintenance (O&M). Facilio
harnesses IoT and AI to centrally consolidate existing
building systems and automation data across portfolio, onto
the cloud. It offers applications and modules for property
owners and service providers to manage and control
portfolio-wide O&M activities and outcomes, such as
maintenance, tenant experience and sustainability, in
real-time.