Using its SaaS platform, Facilio manages building operations, making them intelligent and energy-efficient.
COMMERCIAL REAL ESTATE may be a fast-growing segment but remains a high-maintenance affair. Roughly 80 per cent of a building’s lifecycle cost is spent on operations, repair and recapitalisation. One reason is that the owners lack critical real-time information on the building’s operations. Prabhu Ramachandran, the co-founder and CEO of Facilio, believes there is a tech solution to this.
Facilio uses a software-as-a-service (SaaS) platform combined with Internet of Things (IoT) and artificial intelligence to manage and increase operational and cost efficiencies of building assets such as elevators, air-conditioners, security systems and alarms in real time. This also saves energy. “Facil in Spanish means easy,” says Ramchandran, who had started Facilio with friends S. Rajavel, Yogendrababu and Krishnamoorthi Rangasamy in 2017. The company is registered in Atlanta, US.
Ramachandran used to work with Zoho Corporation, a SaaS-based multinational company based in Chennai, where he headed its IoT-connected solution for 17 years.
Rajavel and Yogendrababu used to work with Ramachandran at Zoho while Rangasamy had about two decades experience in IT sales and support when Facilio was founded.
How It Is Done
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