Page 30 - CIJ Jan 2025 - Digital edition
P. 30

COVER STORY



          What is the biggest challenge in implementing a big data solution in
          a large facility?


          Analysis                                           immediate value in technological investments,
                                                             complicating efforts to drive adoption.
           A significant majority (62.2%) acknowledged the   •  CXOs prioritize actionable data for strategic
          interconnected challenges of cost, complexity, and   decision-making, and aligning with ESG goals while
          resistance to change, highlighting the need for strategic   demonstrating ROI through Proof of Concept (POC)
          planning and effective change management in big data   can be effective in driving adoption, especially for
          adoption.                                          innovations like smart cleaning.

          Experts                                         •  Integrating data analytics with ESG and
          •  Manpower costs dominate FM budgets, influencing   sustainability reporting, adds value and aligns with
                                                             regulatory requirements, making a stronger case for
            decisions on tech investments, with cost perception   technology adoption in FM.
            often leading clients to view advanced technologies
            as unnecessary expenses.                      •  Cost concerns in facility management depend on
                                                             whether facilities are seen as revenue generators
          •  Capex decisions are typically made at higher    or cost centres. Decisions are often influenced by
            levels, limiting service provider access to advocate   management’s comfort with traditional methods,
            for advanced solutions. Pricing models based     with resistance to change being a key obstacle.
            on headcount or SLAs hinder the adoption of
            efficiency-driven technologies.               •  Cost and complexity of new technologies should
          •  Demonstrating benefits at decision-making levels is   be justified through clear value propositions and
                                                             ROI, which can help overcome scepticism. Tailored
            critical to overcoming cost barriers and convincing   approaches are needed as FM expenses vary across
            asset owners to consider tech adoption separately   industries.
            from traditional costs. A strong business case with
            ROI can help overcome objections.             •  Tech-savvy leaders in new-age businesses are more
          •  Big Data adoption faces challenges, with resistance   receptive to Big Data and analytics, and integrated
                                                             smart technologies in new facilities help ease the
            to change being a significant barrier rather than   adoption process. These trends are increasingly
            just cost concerns. Asset owners often fail to see   common in modern facilities.









































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