Webinar: ValuD best practices of implementing TRIRIGA for FASB


Webinar: Thursday, September 14, 2017, 12:00 PM – 1:00 PM Eastern Time

Join ValuD’s Lease Accounting expert team in their Sept 14th webcast for “Best Practices of Implementing TRIRIGA for FASB Compliance” and get prepared to meet your FASB compliance deadline. Register here.

[Admin: The same announcement is also posted in the LinkedIn group. To see other related posts, use the ValuD tag or FASB tag.]

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FM:Systems: IWMS market leader in 2017 Green Quadrant report


FM:Systems was recognized as a leader by Verdantix in their 2017 Green Quadrant Analysis for IWMS. As a leading provider of Integrated Workplace Management Systems (IWMS) and Computer-Aided Facility Management (CAFM) software, FM:Systems differentiates its comprehensive solution with best-in-class capabilities for space optimization. FM:Systems garnered high remarks in its breadth of functionality in addition to its best-in-class capabilities for space optimization…

Verdantix awarded FM:Systems multiple perfect scores of 3.0/3.0 for the Scenario Planning module, Move Management module, and for space utilization data collection and analysis. FM:Systems is positioned as a leader in the industry, integrating scenario planning and real-time monitoring of space utilization with various sensors, such as heat and 3D people sensing cameras. These capabilities address the most urgent challenges in optimizing facility and real-estate resources.

“Our placement in the 2017 Green Quadrant for IWMS is a strong confirmation that we’re growing in the right direction,” says FM:Systems President Kurt von Koch. “Our customers’ success has always been the driving force behind FM:Interact, and we’re pleased to know that our commitment to our customers is being recognized and reflected by the industry, particularly in an industry that is so rapidly changing.”

[Admin: To see other related posts, use the FM:Systems tag or Verdantix tag.]

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Serraview: Wayfinding is essential for increasing work productivity


Instead of trying to increase productivity and engagement with supplemental tactics, progressive corporations are introducing wayfinding solutions to alleviate daily headaches for employees. Wayfinding is the leveraging of integrated building technologies to deliver employees real-time visibility into the availability of high demand resources, such as conference rooms, desks, and even colleagues.

According to Steelcase Inc., 40% of employees waste up to 30 minutes a day looking for meeting space. And with most employees attending 62 meetings per month, that’s a lot of valuable time lost! Wayfinding tools show employees what rooms are available now, when the room is booked, and what amenities and technologies are available per room. When employers make it simple for employees to find the type of space they need, it not only improves the employee’s overall experience in the workplace, but allows them to be more productive with their time.

In fact, according to CBRE’s 2017 Americas Occupier Survey, 53% of organizations name “promoting collaboration” as the main driver for their workplace strategy. To collaborate effectively, employees not only need the right resources but also must be able to find their fellow co-workers quickly and easily. Wayfinding tools simplify locating a colleague, and contacting them, by pulling in the employee directory. It’s as simple as searching for the person you need and clicking “call” or “email” to be instantly connected, making each collaborative session more efficient and effective.

To learn more about how wayfinding addresses these issues, watch our video…

[Admin: This post is related to the 04.13.17 post about the impact of IWMS 2.0 on today’s workplace, and the 05.17.16 post about the rising use of meeting rooms (and collaborative overload). To see other related posts, use the Serraview tag.]

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Verdantix: Are user-focused apps the new focus of IWMS innovation?


In recent months, there has been a hive of activity across employee engagement apps in the real estate and facilities management software market. For example, iOffice launched “Hummingbird”, an employee-centric layer for IWMS, IBM and ISS are piloting a digital concierge service which assists occupants in managing everyday workplace tasks such as room booking or organizing catering, and MCS launched a virtual personal assistant “Sumi” that can support the booking of rooms.

The latest product launch from UK-based software firm FSI is “Concept Advantage” – a series of user-focused apps which can be used alongside FSI’s Computer-Aided Facilities Management (CAFM) software. The initial range of apps includes “ChatLog” – a facilities help-desk that resembles common social media platforms, and “OurSay” – a crowd-sourcing and voting tool to enable workers to contribute to facilities management decisions. FSI believes the app will also reduce the time that facilities help-desks spend receiving calls around building issues.

The recent innovation around purpose-built user-focused apps represents a break from traditional practice. For many decades, the user interface of IWMS and CAFM software has largely been built around the needs of “power users” such as Real Estate or Facility Directors. Whilst it has been possible to configure the user interface to simplify it, the result is not always a clean and intuitive user experience. The recent user-centric product updates are likely to be welcomed by customers.

We continue to hear that buyers look for a high-quality user interface from their facility management software…

[Admin: This post is related to the 06.06.17 post about employee-facing tech in the workplace. To see other related posts, use the Verdantix tag.]

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Verdantix: Can predictive analytics work in commercial real estate?


Improving maintenance procedures through predictive analytics has recently seen many notable developments. Siemens is integrating IBM Watson Analytics into its MindSphere platform to help implement predictive maintenance schemes. Rockwell Automation recently launched its predictive analytics capability for factories and machinery. And PTC and Deloitte Digital announced that they are jointly developing predictive maintenance solutions for factory operations.

These developments are hardly surprising. Predictive analytics enables users to detect if, and when, machinery is likely to breakdown. For example, predictive analytics enabled Duke Energy to identify a slight increase in the turbine vibration of a steam turbine – after maintenance was performed. The subsequent repairs resulted in $4.1 million of potential power generation loss being prevented. Facility managers at plants and factories are therefore likely to be looking for such solutions to keep things running.

But is predictive analytics a natural sell in the world of commercial real estate? There is certainly some evidence of this. Since 2009, UK-based retailer Sainsbury’s has used software provider Verisae’s (now part of Accruent) predictive maintenance solution to reduce product loss from refrigeration failures. Since 2016, engineering firm KONE has partnered with IBM Watson to embed intelligent analytics in its elevators and escalators to improve their performance and reduce instances of unplanned maintenance.

Nevertheless, such examples are not necessarily the norm. According to our 2016 Global Energy Leaders Survey, 46% of the 250 facility managers surveyed said improving the collection, analysis and reporting of energy data from their electrical assets is a very important priority. In contrast, more granular asset-level energy management was only considered very important by 22%. And in our 2015 Green Quadrant for Building Energy Management Software, only 18% of the customer panel we interviewed considered maintenance scheduling and predictive maintenance to be a very important asset management functionality.

The average facility manager is therefore more likely to be concerned with basic data capture than advanced solutions like predictive analytics…

[Admin: This post is related to the 07.13.17 post and 03.16.17 post about IBM Watson Analytics, and the 08.01.16 post about the competitors of IBM TRIRIGA. To see other related posts, use the Verdantix tag.]

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FM:Systems: Five new features of the FM:Interact 2017 release


We are very excited to announce the release of FM:Interact 2017. With this release, we’ve enhanced previous functions to improve user experience, and created brand new ones in order for organizations to get the most effective utilization of their space. So let’s get to it. What are the new functions?

1. Scenario Planning

You’ve been hearing some whispers about it, but now it’s fully developed! The Scenario Planning module provides you with the ability to create, visualize and “try on” potential space situations, such as build-outs, expansions, reorganizations, consolidations or reconfigurations — so you’ll be prepared no matter what happens…

2. FMx5 Markup & Measure

Markup and Measure provides users with the ability to draw and create spaces DIRECTLY on the FMx5 floor plan. After you save, you can see those changes reflected in AutoCAD real-time. This one is my personal favorite…

3. Data Change Request

To maintain the integrity of your Space Data, the ability to make changes are usually limited to Power Users and Space Planners. With this release, general users can now request changes to space while allowing planners and administrators the ability to review, accept or reject those changes before they ever hit production…

4. Data Auditing

You now have the ability to track everything that happens to your FM:Interact data by having visibility into all data actions performed by system users. This gives you insight on why a record has been modified, who modified it, and when…

5. FMx Sensors

Get real-time space utilization analysis on your facility data with our integration with seat utilization sensing technology and 3D Stereoscopic cameras. This gives you an unprecedented level of insight on how their facilities are really being used…

[Admin: To see other related posts, use the FM:Systems tag.]

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Verdantix: Solution providers step up IT security in smart buildings


One of the biggest barriers to growth in remotely accessing building management systems (BMS) – one of the key features of a smart building – is IT security.

The IT industry has established a sophisticated process for monitoring and protecting IT networks, but these concepts are not as well developed in building systems and many of the equipment that make up the Internet of Things (IoT). Additionally, there is often lack of communication and collaboration between the IT department and the facilities department. There is also increasing pressure on service providers to provide an out-of-the-box security solution.

Smart buildings are particularly vulnerable as every added connected device is another potential door into the building’s wider network. Even one of the most high-tech companies in the world, Google, was hit by a cyberattack in 2013 through a building management system. Retailer, Target was hacked through the HVAC system in 2014. This year, we have seen severe ransomware cyberattacks, such as the WannaCry ransomware attack that affected computers in over 150 countries.

This type of attack now feels very regular with a similar one occurring as we write. Individual buildings such as hotels have also been targeted and hacked through building automation systems (BAS) – witness the attack on a luxury hotel in the Austrian Alps in February, where the card system got breached, shut down, and a ransom demanded to restore the system to enable guests back into their rooms…

To learn more about the market for remote monitoring solutions see our recent report – Now Is The Time To Implement Remote Monitoring Solutions.

[Admin: To see other related posts, use the Smart Buildings tag or Vulnerability tag.]

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