Growing economy, technology and globalization are reshaping the future of Facility management. Can we make Facility Management more structured? If yes, then how can we make Facility Management more structured? It is imperative that the Future of Facility Management is impacted by various external factors since a large party of facility management is outsourced. These factors affect the Facility Management industry worldwide. Hence let’s talk about the future of Facility Management.
Eight Facility Management trends:
Economic Growth
Facility management growth is directly proportional to the growth of real estate. Hence it is safer to analyse that emerging markets specially Asia and SouthEast Asia will play a crucial role in the growth of Facility management services. Growing market means growing competition and newer and newer facility management service companies keep adding to the pool of existing Facility Management service companies, hence how the facility management companies differentiates from the competition will determine how well you do in the market.
Glocalization
Globalization+Localisation = Glocalization.
More and more multinational facility management companies when entering into the emerging market focus a lot on the latest trends of the local market. Where these facility management services cater to the requirement and culture of their customers in the local market.
Demographic Trends
Attracting, Hiring and retaining the best talent as a part of the workforce will be an ever growing challenge in the emerging markets such as South East Asia and India. In India the generation gap is evident and catering the requirement of all different generations in the Facility Management services will be a trend to watch out for.
Sustainability
Sustainability solutions in facility management will be really a complex challenge to solve for the facility management service providers due to global warming. Across the globe reducing carbon emission and saving energy is a top priority to curb the menace of global warming and hence facility management service companies would now be required to assist their clients in restructure the real estate infrastructure. Building design, management and maintenance will have severe consequences for the facility management service industry that would also impact the technology they employ for all the services.
Trending Technology
Facility management service can never grow without any adopting revolutionarizing technologies. Intelligent Attendance systems, Smart Access control systems, Cleaning Robots, Smart Surveillance would see revolution in the upcoming years.
Hence, the Facility Management Service Industry has to get ready and adopt new technologies. These new technologies will increase the budget, and lower the labour cost.
Knowledge Centre
Facility Management Industry collect, store and analyze data to improve the quality urban office lifestyle of the clients. The new trend for Facility management services will be the employment of technologies that effectively collect, store, analyze data to make decisions more intelligent.
Personal Touch
Human touch is always important for emerging markets to transform the way the Facility management industry treats its customers, clients and employees. Every business client caters to the requirement of its employees and hence the expectations of clients and users are getting more and more personal. Hence FM companies are always expected to cater to the personalization of the client. Due to this more and more people have to be employed by the FM companies to exceed the expectations of their clients.
Outsourcing facilities management
Maximizing value creation is the foremost priority of companies, hence many companies are now evaluating the model of their operations. While the trend of outsourcing facility management to vendors have seen a surge, it is a mix of in-house resource, cost, vendor management among others.
