Insights from Investa x Facilio Customer Journey: Investa Property Group, one of Australia's largest commercial real estate companies, has more than 550,000 square meters under management. They evaluated specific big names in the industry but failed to move forward because of their inability to integrate with their existing legacy
Asset management is critical for every business's operations. It helps to control downtime and manage unexpected costs. However, damages to the assets are inevitable. That's primarily due to regular wear and tear. In either case, you must decide whether to repair the existing asset or replace it with a new
Remember Copernican heliocentrism, where the Sun sits at the center and other planets orbit it? Not many used the Copernican theory effectively or even believed it. Similarly, businesses often tend to ignore asset lifecycle management (ALM) despite knowing that a 360° visibility of an asset portfolio is crucial for business
Managing property operations can be a nightmare. The idea of doing it efficiently and accurately is even more challenging. But what if someone told you that these are easily achievable? Enter computer-aided facilities management (CAFM) tools. And at the most fundamental level, such systems involve automated processes that help you
Have you ever heard engineers say, "that doesn't sound right; something's broken," based on how a piece of equipment sounds? The first time an engineer said that was the first instance of "anticipating a fault based on current operating parameters of that equipment before it breaks down" or predictive analysis.
Enterprise asset management (EAM) is a process that helps enterprises ensure their expensive and complex physical assets such as vehicles, industrial equipment, and plants operate optimally. EAM is popularly used in industries that rely on such critical assets and equipment for operational success. Oil and gas, mining, energy, utility, government,
A computerized maintenance management system (CMMS) is necessary for a maintenance manager to simplify tasks. Occasionally, it is referred to as computerized maintenance management software. The software is widely popular because it helps significantly minimize manual work. It provides a comprehensive approach for keeping maintenance and service businesses organized. Numerous
Introduction A CMMS (Computerized Maintenance Management System)centralizes maintenance information and simplifies maintenance operations. It is used by enterprises to maintain and optimize their current infrastructure. Via this, transportation, tools, connectivity, industrial infrastructure facilities, and other resources are used more effectively, and their accessibility is greatly improved. Additionally, CMMS also
The primary goals of any organization's maintenance management program are standard - 1. to reduce asset deterioration, 2. reduce unplanned downtime, 3. and save costs on expensive run-to-failure maintenance Reactive maintenance (also known as run-to-failure maintenance) is the oldest and, to date, a popular maintenance strategy. It is an easy
Maintenance and supervision are crucial to saving costs, preventing asset failures and downtimes, and ensuring maximum asset life. After all, your assets and materials are at stake. How do you ensure your heating, ventilation, and air conditioning (HVAC) units are in good condition? Likewise, how do you ensure other equipment
We have all seen pictures of the first computers. They were huge machines, often taking up entire rooms. Large manufacturing plants with access to these machines leveraged them to run computerized maintenance management systems (CMMS) that read paper punch cards to track simple recurring tasks. As the innovation in technology
After an eventful 2021, facilities management firms are ready to hop on a steady wagon to a brighter future. Technologically advanced and differentiated solutions have arrived to make life easier for property operations professionals to make more informed decisions that have high and accurate impact. In case you haven’t
In recent decades, an evolution in CMMS (Computerized Maintenance Management Software) has introduced data-driven maintenance capabilities, in commercial real estate operations. CMMS, which was once looked at merely as centralized software to optimize maintenance management, is now on the verge of major tech-driven advances. One could go so far as
There’s an ever-growing momentum behind property owners deploying smart building tech projects across their portfolios. However, it is not without struggle. While owners and operators are increasingly recognizing the business value of emerging technologies, it’s often the integration with existing systems that is the biggest bottleneck to those
It is largely understood that analytics software for buildings provides unmatched power to support the processes—such as energy management, commissioning, and data-driven maintenance—needed to operate a modern portfolio of commercial buildings. For us analytics nerds, it finally feels like we’re not alone in preaching about this power.