Every Monday afternoon, a dedicated group gathers to explore the future of smarter buildings and how their increasing intelligence will shape the industry.
Throughout September, MondayLive! Tackled the critical topic of “Buildings as Assets,” exploring how a strategic approach to asset management can unlock significant value for building owners and operators. We discussed everything from the importance of a system-of-systems approach to the rise of AI in building management.
- Building as Assets: The New Era in Smart Building Management: This session laid the groundwork for the month, exploring smart buildings’ evolving landscape and asset management’s growing importance.
- Buildings as an Asset: The Rise of the TCO and the Need for a System of Systems Approach: Discover why a holistic approach to building management is crucial for maximizing asset value and ensuring resilience.
- ISO 55000: Unlocking the Value of Asset Management: Learn how this international standard can provide a framework for effective asset management in the building sector.
Understanding the System of Systems
The final Monday Live session in September encapsulates the challenge and opportunity at the heart of asset management in smart buildings. It acknowledges that technology is a powerful tool, but ultimately, its success hinges on its ability to drive positive change in human behavior and organizational practices.
key points
- The need for a system of systems approach: This approach emphasizes redundancy and resilience, ensuring that critical building functions can continue even during disruptions. It also highlights the importance of interconnectivity between different building systems.
- The rise of AI in building management: AI can analyze data from various sources (work orders, sensor data, etc.) to predict maintenance needs, optimize energy usage, and improve overall building performance.
- The importance of location data: Knowing the precise location of assets is crucial for building automation and work order systems. This allows for better tracking, analysis, and management of equipment.
- Bridging the gap between building automation and work order systems: These systems often view assets differently and operate in silos. Integrating them through a common asset management framework can lead to more efficient building operations.
- The human element in asset management: While technology plays a crucial role, successful asset management also requires addressing human behavior, organizational silos, and communication challenges.
- Shifting the conversation to value creation: Building owners are ultimately interested in how asset management can improve their bottom line. This includes increasing property value, reducing risk, and enhancing tenant satisfaction.
other considerations
- The role of metadata: Capturing and maintaining accurate metadata about building assets is essential for effective asset management. This includes information such as manufacturer, installation date, maintenance history, and location.
- Retrofitting existing buildings: Strategies for gathering asset data in older buildings that lack comprehensive documentation. This could involve using robots, AI-powered scanning tools, or manual surveys.
- The importance of a structured approach: Implementing an asset management system like ISO 55000 can provide a framework for governance, planning, and measurement, ensuring alignment with the organization’s mission.
“It’s not about the tech, it’s about the human behavior… but if you use the tech to get the behavior change, that’s not a bad trick.” – Mike Bordarono, Executive Director of the Asset Leadership Network
call to action
- Encourage building owners and operators to embrace a holistic asset management approach.
- Emphasize asset management’s value proposition regarding financial benefits, risk mitigation, and improved building performance.
- Highlight the role of new technologies like AI in enhancing asset management practices.
- Promote stakeholder collaboration, including building automation specialists, facility managers, and asset managers.
The industry can unlock significant value and create more efficient, sustainable, and resilient buildings by bridging the gap between building automation and asset management.
This blog post was written with the assistance of Gemini, Google’s next-generation AI model. and the script of MondayLive Zoom Source below
