Smart Buildings

Predictive Maintenance for Facility Management is Now at a Disruptive Price Point

This article was written by Daphne Tomlinson, Independent Senior Research Associate at Memoori. A wide range of HVAC equipment and service providers are competing for a slice of the IoT enabled business from commercial real estate owners and operators. The proliferation of machine learning and IoT platforms aimed at energy management, remote diagnostics and preventative maintenance can be overwhelming and make selection difficult for facility managers, building owners and operators. Machine learning and IoT platforms are at or nearing the "Peak of Inflated Expectations", according to Gartner's Hype Cycle for Emerging Technologies 2017 and the hype around proactive and preventative maintenance in general is in danger of obscuring the value that predictive maintenance (PdM) technology can bring to facility management in commercial buildings. The main advantage of PdM compared to preventative maintenance is that it examines the current state of the machine and the trend with which the machine develops over time whereas preventative maintenance […]

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