TECHNOLOGICAL TREND

Key trends for facilities management in 2023

The construction industry is experiencing exponential growth, T significantly increasing the market size of its facilities management sector. By 2030, this highly profitable market segment is expected to reach an incredible height showing a remarkable 9.8% compounded annual growth rate from 2021 onwards! The implementation of new technologies is helping businesses to tackle the challenges of competition, spurring innovation that can drive long-term success.

As facility management migrates to digital solutions, the year 2023 promises tremendous potential for efficiency and customer satisfaction while reducing overall costs. By embracing innovative technologies organisations across industries can optimise their FM strategies towards sustainability with enhanced results in the areas of cost savings and top-notch service delivery.

The next generation of smart buildings

Smart technology will continue to gain popularity and become vastly adopted in the construction industry. More buildings will use lot and machine learning devices to optimise energy usage, reduce downtime, and improve operational efficiency. loT comes with sensors that can be programmed to detect irregularities, gather data, and automate a building's operation. For example, it can be used to trigger the HVAC and electrical systems to adjust spontaneously to occupancy and ambient conditions, saving energy and eliminating the need for manual control.