MAPSTED BLOG

Facility Management Technology Trends in 2023

May 14, 2022
Categories:

Technology Trends

tech trends

Innovations in indoor navigation and smart facility management technology are paving the way for new experiences in smart location marketing. According to the IDC, there will be more than 55.7 billion connected IoT devices worldwide by 2025. The market for indoor positioning and Indoor Navigation is estimated at $43.51 billion globally. In such a huge market, there is a tremendous need for new technologies in facility management, and innovative wayfinding solutions.

Other breakthrough innovations include hardware-free location solutions. The impossible becomes a reality using a unique algorithm that sources over 50 data points, ensuring accuracy and scalability. Technologies that redefine the customer experience, provide location marketing and indoor navigation are trends for 2023. Here’s a bit more about these innovations, and more.

What’s New for Indoor Navigation and Building Facility Management

Trends for the future on Smart Facility Management forecast a shiny horizon for the future. There is no doubt the future of facility management and technology go hand-in-hand. Having access to accurate property data on maintenance, risk management, customer behavior, and financial control is crucial. And now a smartphone can do it al. Innovations like one meter real-time indoor navigation solutions without the need for additional external hardware. Also, Enterprise functionality is capable of supporting the most sophisticated use cases.

Mapsted, a world-leading indoor positioning company, with clients like Pepi and the University of Windsor, developed a unique algorithm that draws on more than 50 data points to ensure accuracy and scalability.

This revolutionary algorithm combines multiple data inputs, allowing users to navigate inside buildings and properties. In addition, us have access to personalized information and updates in real time. it provides accurate and real-time notifications. With the help of AI-based technology, you can better understand the deepest analytics about customers’ behavior and preferences.

Artificial Intelligence In Building Management 

AI in smart facilities management and indoor navigation software also offer benefits in Facility and Real Estate Management Technologies. That saves time, which is a precious asset in modern society. AI in Facilities Management can help automatically monitor data, auto-compare and prevent human mistakes. Unique algorithm designed by Mapsted that draws on more than 50 data points to ensure accuracy and scalability. This data provides an overall estimate of the user’s location, which dynamically adjusts over time as multiple measurements are collected. Aided by AI, transportation companies, supermarkets, higher education and many other segments can add value to their services and streamline processes. 

Facility Management Technology Software

facility management technology software

The new Facility Management Technology Software Trends come with a tidal wave of innovations in 2022. One of those innovative ideas that stands out is the

ground-breaking new algorithm engineered by Mapsted. that includes features like: 

  • Combining Crowdsourced data, 
  • Bluetooth. IoT Sensors 
  • Magnetometers 
  • Digital landmarks, and a lot more. 

This algorithm can respond effectively to the changing needs of businesses and properties.  design solutions that will work best in their type of environment, ensuring their visitors have the best experience possible when interacting with their properties. With Location Marketing Platform that helps clients find the right audience for their services and improves customer engagement with advanced market segmentation, customer engagement, and targeted notification tools.  

Location Marketing and New Technology in Facility Management

location marketing and new technology in facility management  

Trends and software platforms have revolutionized facility management and optimization. Smart Buildings now are equipped with self-learning devices that are connected to the Internet.  These automatically improve asset performance and collect data to prevent and fix problems before they occur. And with the data collected, you can control the entire environment from the device. It allows you to know where your customer is, receive data about their behavior and preferences, and improve customer engagement. 

Understanding the needs of your client and being proactive in providing the right response Also, the compelling need of getting simpler equipment is a requirement from almost all companies. 

Smart Technology in Facilities Management

smart technology in facilities management  

Smart technology is here to stay. Self-learning algorithms and processes, and the Internet of Things provide Facility Managers with an extensive range of tools and solutions to make the property and Building management easier, faster, and optimized. Among Facility Management Software Trends for 2022, Mapsted stands out with its Building Calibration Platform. This advanced smartphone application equips your property with the most accurate indoor navigation technology available. By uploading a map or floor plan of your building and completing the process using an Android device.

There are also a series of benefits in Facility and Real Estate Management Technologies, Predictive maintenance, Indoor Navigation for tenants and privacy ensure, once tenants will be invisible to one another. All that gives you a better idea of the health of Management systems which makes intervening when necessary easier and more cost-effective. 

Conclusion  

In conclusion, after learning about some of the Facility Management Technology Trends for 2023, the new products that are offered, as well as the variety of use cases in the technology can be implemented, Now, more than ever, it is a good time for action and proactiveness in taking all the amazing benefits of innovation that are already available. Platforms like No broker for example can use Analytics data collected to predict when some painting, cleaning, or maintenance needs to be done, giving room for a fast and excellent service provision. No broker users can also easily navigate inside the properties using the smartphone application, the possibilities are endless. you should have a crystalline understanding of how important and impacting they are for the future of the corporate world, and more specifically for Facility Management and Indoor-positioning and navigation solutions.

2023 is the year when businesses and organizations worldwide will be empowered with robust and easy-to-use outdoor indoor navigation and enhanced enterprise functionality. That will allow harmonious and proficient management of key business processes, governance, customer relationship, and much more. Mapsted is playing a leading role in the dawning of this New Era of Smart Location and Personal indoor Navigation by delivering simple but efficient solutions in complex environments, which makes Mapsted a one-stop-shop for all your indoor navigation needs. 

The only constant is change. In a world of constant transition, reimeven innovation can be . Imagination and inspiration are trending and these new trends can offer insights and ideas to help you reach your goals and keep pace with the best science and technology can offer to your personal and professional lives. 

Frequently Asked Questions

Q: What’s new in Smart building facility management?

A: Trends for 2022 present cutting-edge technology, Today, real estate service providers and facility managers can greatly benefit from technologies that connect and share their data over the Internet, simultaneously helping and receiving data.

Q: Why implement Smart Technology?

A: The advantages of having an integrated Smart Building are countless, especially for the Facility Management experience, making tasks easier to do and changing daily schedules for more profitable and practical ones, giving you insights on what is generating a profit and what is not, as well as saving you from a lot more expenses with maintenance later on.

Q: Can FMs or properties benefit from IoT?

A: Yes. Implementing Artificial Intelligence to bring Facility Managers (FM) the best choice for every problem and situation, making profiting a priority and setting a course for the future.

Q: Overcoming Hardware limitations, is possible?

A: It is! Mapsted created a self-learning algorithm that is capable of delivering the best experience in Indoor Navigation and Facility management and there is no need for external hardware.

Q: What is the future of Location and Smart Facility Management?

A: Innovation and Integration That’s the future. and the possibilities that are already here, now, are astonishing.

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