By: Facilio–Headquartered in New York (USA), with operations in UAE and India, Facilio offers an Enterprise platform for data-driven real-time facilities operations & maintenance (O&M).
The global commercial real estate industry is at a crossroads today. Legacy operations and management strategies are proving less than effective in addressing evolving customer expectations, stringent sustainability regulations and a highly competitive business ecosystem. In its ‘Real Estate Predictions 2019’ report, Deloitte recommends predictive analytics, unlocking data silos, and AI and Machine Learning generated insights, as the recipe for the sector to remain future-ready and competitive. In turn, commercial real estate owners and facilities managers too are turning to digital technology powered models that facilitate agile and predictive operations.
At the core of this enhanced operational model is the ability to leverage real time data, and the Dubai real estate industry is proving to be a fertile ground for these innovations. The approaching Expo 2020 event is having a catalyzing effect on the adoption of state of the art technologies. The event’s theme of “Connecting Minds, Creating the Future”, and secondary themes Sustainability, Mobility and Opportunity, have a sub-text of data-driven optimization, in the vision of the future they showcase. In the context of Dubai, smart building technologies and connected infrastructure are particularly relevant, given the central role the real estate sector plays in the economy. Add to this the Dubai administration’s vision of positioning the city ten years ahead in technology and services, and the scene is set for transformative, rather than incremental, changes.
But all the policy statements and analyst recommendations in the world wouldn’t amount to much if the Dubai real estate industry was not on board with the vision as well. However, as recent trends indicate, it could be convincingly argued that the convergence of a focus on digital transformation by the Dubai administration, a changing & dynamic consumer and an ambitious yet competitive commercial real estate sector, is driving the rapid adoption of a smart and more resource efficient approach to the management of building portfolios.
Many of the leading innovators in this data-driven model of commercial real estate management have identified Dubai as a highly receptive market for their technologies, and are actively engaging with the local industry. Recently lauded as a clear challenger to the status quo – in The ‘Verdantix Green Quadrant IoT Platforms For Smart Buildings 2019’ and ‘Integrated Workplace Management System Market – Global Forecast To 2024’ by Markets and Markets – Facilio Inc., a fast maturing start-up with a data-driven enterprise platform for facilities operation and maintenance, is already partnering many prominent players in the Dubai real estate sector. Early adopters of its technology include one of the MENA region’s largest real estate companies, which has deployed it for the management of critical automation systems for more than 100 buildings across the UAE. Dubai’s largest utility provider has signed the company on to deliver ‘smart living as a service’ to subscribers across the city, and one of the world’s most preferred airlines uses it to deliver operational efficiencies across their distributed buildings portfolio.