In today’s world of economic uncertainty ensuring your organization is doing everything possible to optimize processes and cut costs while investing in future growth is vital. Facility management is one area that can often be overlooked. For large facility portfolio owners, managing and maintaining multiple facilities can be a daunting task. In order to ensure that each facility is operating at peak efficiency, it is essential to leverage data and reporting to find process improvements and savings. Let’s take a closer look at why this is so important and how it can benefit facility portfolio owners.
First and foremost, leveraging data and reporting allows facility portfolio owners to identify inefficiencies and areas for improvement. It is really that simple. By analyzing data on energy usage, equipment maintenance, and other key metrics, facility portfolio owners can identify patterns and trends that might otherwise go unnoticed. This can help them make more informed decisions about where to allocate resources and how to improve operations across their facilities.
In addition, leveraging data and reporting can help facility portfolio owners identify cost savings opportunities. By analyzing data on energy usage, for example, facility portfolio owners can identify opportunities to reduce energy consumption and save money on utility bills. Similarly, by tracking equipment maintenance data, facility portfolio owners can identify opportunities to extend the life of equipment and avoid costly repairs or replacements.
Another key benefit of leveraging data and reporting is that it allows facility portfolio owners to benchmark their performance against industry standards and best practices. By comparing their operations to those of similar facilities, facility portfolio owners can identify areas where they may be falling short and implement changes to improve performance.
But perhaps the most compelling reason for facility portfolio owners to leverage data and reporting is the potential for significant cost savings. According to a recent study by the National Institute of Standards and Technology, facility portfolio owners who implement data-driven energy management strategies can achieve energy savings of 10-20% on average. This can translate into significant cost savings over time, especially for large facility portfolio owners who are managing multiple facilities.
Overall, the benefits of leveraging data in facilities management are clear. It is essential for large facility portfolio owners who want to find process improvements and cost savings. By analyzing data on energy usage, equipment maintenance, and other key metrics, facility portfolio owners can identify inefficiencies and opportunities for improvement. This can lead to significant cost savings over time, as well as improved performance and operational efficiency across their facilities. The technology is here and it’s easy to implement. CWE’s OneView solution works with existing data sources and forms a centralized advanced analytics and visualization platform without the need to rip and replace. It’s time to embrace the benefits of digital facilities management!