Facilio CEO, Prabhu Ramachandran.
Disrupting Building Operations and Maintenance
New York-based facilities operations and maintenance data-based platform, Facilio Inc., has been named as an emerging challenger in separate IoT for Smart Buildings and IWMS analyses.
The ‘Verdantix Green Quadrant IoT Platforms For Smart Buildings 2019’ and ‘Integrated Workplace Management System Market - Global Forecast To 2024’ by Markets and Markets make positive assessments of the company which maintains operations in the UAE and India as well as the United States.
The only independent benchmarking of software vendors with IoT based products in the facilities management space, the ‘Verdantix Green Quadrant IoT Platforms For Smart Buildings 2019’ report was created on the basis of live product demonstrations and a comprehensive 108-point questionnaire, which surveyed 304 real estate customers. Facilio’s addition to the quadrant as a Challenger is particularly noteworthy as it’s the youngest company, positioned against long established industry leaders like JCI, UTC, GE and Siemens.
"Facilio is not encumbered by legacy approaches and has built its solution with IoT in mind from the outset", says Dennis Callaghan, Principal Analyst at Verdantix. "Facilio’s centralized IoT platform unifies disparate data, from multi-vendor automation systems and equipment, across a portfolio of buildings, and delivers a suite of cloud-based solutions for operations and maintenance. Being able to deliver machine-learning based predictive and real-time optimization of assets makes a compelling case for a relatively recent entrant to be identified as a clear challenger to the status quo. We found their interface intuitive and simple, with highly customisable dashboards. Customers shouldn’t have much of a learning curve. Facilio was built for the modern IoT enabled world."
A similar conclusion was reached by the authors of the ‘Integrated Workplace Management System Market - Global Forecast to 2024’ report by Markets and Markets. Aimed at estimating the size of the IWMS market and its future growth potential across segments, the exhaustive report that analyzed the North America, Europe, APAC, MEA and Latin America regions, acknowledges Facilio as a strong challenger globally, a young company with a clear vision and established financial strategy, and well positioned to disrupt the industry by providing a unified O&M solution and end-user oriented platform. “By giving commercial real estate businesses a means to unify asset performances, across their entire portfolio and in real-time, Facilio creates the possibility of predictive control and agile operations” Mayank Bhushan, Lead Analyst (ICT) of Markets and Markets says. “The advantages aren’t limited to reducing operating costs, but rather to be able to turn data into insights that can be visualized in different ways, and used to optimize efficiency and sustainability with a single platform.”
Facilio CEO and founder, Prabhu Ramachandran, says:
"Since our inception, Facilio has been driven by the desire to deliver decisive advantages for all stakeholders in the real estate industry. Our solution helps buildings and workplaces leverage data from existing automation to deliver superior tenant experiences and unprecedented sustainability outcomes”, “We directed the venture capital we attracted into bolstering the pace of our innovation and expanding product capabilities rapidly, and this is what has led to us being recognised by leading industry analysts operating in two different segments. Data-driven continuous efficiency and unified operations is an emerging need in the industry and Facilio is at the forefront of helping customers usher in this evolution".
"As the industry seeks to reconcile enhanced customer expectations, demanding sustainability targets and competitive performance requirements, Facilio offers a solution that resonates with these market needs."