Analytics Make a Difference in Facility Management: Here’s How

While facility management software systems help users, like facility managers and technicians, manage maintenance and repairs in their facility, the information collected and stored within that software system should be recognized as powerful, actionable analytics.

These analytics can make a real difference when it comes to overall facility management. In fact, here are five examples of the significant impact they can have:

Enhanced Insight into Operations

Analytics generated from a facility management software system provide a basic understanding of what is going on in your organization both day-to-day and as a comprehensive overview. For example, through descriptive analytics specifically, facility managers and technicians can easily identify equipment that needs repair as well as develop baseline numbers for equipment performance.

Ability to Find, Fix and Predict Problems

Diagnostic analytics help identify the source of a problem, while prescriptive analytics can be used to resolve those problems. This type of analytics factors in knowledge of the situation, available resources, potential solutions, past performance, and the current problem to help users decide on the most effective solution. Facility management analytics can even be used to predict equipment problems based on past data and facility management patterns, allowing for better planning and preparation.

Insightful Way to Prove ROI

Analytics are also a great way to display and prove a return on investment for a facility management software system. When used for scheduling preventative maintenance, facility management software can decrease repairs on equipment while increasing lifespans – all of which can increase ROI. Analytics can compound this information across a facility and display it in terms of time and money saved.

Capability to Identify Important Patterns

Many times, analytics and reporting can help identify patterns that would not normally be recognized on their own. Trends and patterns as well as anomalies in the data could relate to any aspect of facility management including but not limited to equipment usage, repairs, and replacements as well as employee workload and productivity.

Easier, Data-Driven Capital Planning

Capital planning can be a complicated and manual process, but analytics directly from a facility management software system can make it much easier. These detailed analytics, which can be standard or customized to an organization, can be used to objectively determine where money will be needed within your department and organization in the next five, ten, or fifteen years.

The practicality of a facility management software system is only enhanced by its powerful analytics. Organizations that want to truly leverage the full power of a robust, integrated facility management software system are encouraged to utilize its analytics for a better understanding of operations, demonstrating ROI, optimized capital planning, and much more. 

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