CEO of Infogrid , William Cowell de Gruchy , believes there are missed opportunities within real estate for asset management : “ Buildings are the largest asset class in the world , yet are a data black hole . For the vast number of buildings the only source of data is humans regularly travelling to site and taking notes on clipboards .
As Cowell de Gruchy explains , costs are hemorrhaging in this space : “ These compliance checks are costly and labour intensive , not to mention environmentally detrimental . The use of small IoT sensors that simply peel and stick have revolutionised data management into a seamless experience . Monitoring a building in real time allows facilities teams to proactively react to issues that arise , rather than wasting time constantly checking fully functional equipment on the off chance of finding a problem . Data driven maintenance is the necessary step forward , it allows more time for facilities managers to maximise efficiency using real time intelligence that improve operational efficiencies and in turn reduce costs .” technologymagazine . com 107