According to the latest report from Memoori – Occupancy Analytics & In-Building Location Based Services 2017 to 2022, “value-added services such as space utilization, indoor positioning, connected lighting and asset tracking are helping to drive the adoption of as-a-Service business models.” “As-a-Service” is when the customer purchases a service or subscription from a third-party service provider that then delivers the service through assets it owns, maintains and improves. This shifts the investment off the building’s balance sheet, as the total service eliminates upfront capital expenditure. While operating expenses are calculated to be less than before and there are no further costs other than a single periodic service fee. Throughout the commercial building space we are seeing the rise of the “as-a-service” approach: Space-as-a-Service The space itself can be provided as a service, especially for creators, entrepreneurs, as well as small and medium businesses – but even multinational companies are taking advantage of the benefits this […]