Facility management industry trends for 2024

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FM newsroom – trends. In 2024 the industry is expected to undergo further changes that will shape how we manage and maintain our buildings. From the rise of smart technology to the increasing emphasis on sustainability, the coming years promise to be a period of transformation for facility management professionals. 

AI and IoT, adopting energy-efficient practices, enhancing security measures, and leveraging advanced technologies are among the main trends that will shape the future of facility management in 2024 and beyond – Intellis.io claims. The company developing software solutions for facility capital planning listed the 5 main trends they expect to further revolutionize the way professionals operate properties.

Embracing AI and IoT

In 2024 AI and IoT technologies will further revolutionize how facilities are managed. With AI-powered analytics and IoT sensors, facility managers can access real-time data and insights, enabling them to make proactive decisions and optimize resource allocation or identify and address potential issues beforehand, reducing downtime and minimizing repair costs. Integrating AI and IoT will lead to more intelligent and connected facilities, enhancing operational performance and cost-effectiveness.

Smart buildings are on the rise

With the increasing focus on sustainability and energy efficiency, smart buildings will play a crucial role in reducing carbon footprints. IoT sensors and connected devices in smart buildings collect real-time data on energy usage, occupancy patterns, and environmental conditions. AI algorithms then analyze this data to identify energy-saving opportunities and optimize building systems. AI-powered systems can also adjust temperature, lighting, and ventilation based on preferences, creating personalized and comfortable spaces.  By leveraging AI and IoT technologies, facility managers can achieve significant energy savings, reduce utility costs, and contribute to a greener future while prioritizing occupant comfort and well-being. 

Security measures matter more

With the increasing threats and risks facilities face, it is crucial to implement robust security solutions to protect assets, occupants, and sensitive information. Advanced technologies, such as biometrics, facial recognition, access control systems, and video analytics, will play a vital role in strengthening security measures. Biometric authentication and facial recognition grant a higher level of security than traditional access methods like key cards or passwords. In real-time, video analytics, powered by AI, can detect suspicious activities, such as loitering or unauthorized access. In 2024, adopting these advanced technologies will be a top priority for the facility management industry.

Eco-friendly facilities

Sustainability and eco-friendly practices will remain significant in the facility management industry. Facility managers will adopt various practices to create eco-friendly facilities, such as energy-efficient lighting systems, water conservation measures, waste management strategies, and renewable energy sources. By adopting sustainable practices, facility managers can reduce operating costs and enhance the organization’s reputation as a responsible and environmentally conscious entity.

Streamlining facility management

Data analytics will be crucial in streamlining facility management processes in 2024. By analyzing data on energy usage, equipment performance, occupant behaviour, and maintenance schedules, facility managers can identify patterns, trends, and potential areas for improvement. Data analytics tools and platforms enable facility managers to make data-driven decisions, allocate resources efficiently, and predict maintenance needs. By analyzing historical data and using AI algorithms, potential issues can be detected in advance, allowing for timely repairs and minimizing downtime.



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