Costs
Typically, when a facilities management company estimates the cost of a contract, that number is a function of: the number of buildings, units and time required. However, that number does not accurately reflect the true cost of servicing a building.
It doesn’t take into account the travel time, frequency of visits, or the true service time required. By adopting the use of IoT, FM companies can accurately estimate the true cost of maintenance for a building and expect to see savings of at least 15-20%.