"Disruption" a word that more and more people have started to fear and for all the right reasons. I think for most conventional sectors and industries it's been used in the wrong context or perhaps let's say overused.
Real Estate and Facilities Management sector is no different, it's been operating in a conventional manner for so long and is certainly exposed to disruption to business model, operating models.
Computer Aided Facility (or Facilities) Management (CAFM), Computerized Maintenance Management System (CMMS) or Integrated Workplace Management System (IWMS) markets have been dominated by incumbent giants and the new age start-ups are quite rightly calling for a disruptive change, change which is towards a more connected and agile framework.
It is quite tempting to think of making that change, but one might ask a few questions before attempting to go down that path of disruptive change.
- What do you expect from any CAFM+CMMS system? How much of that is being met currently? Is your team currently making the most of the technology available?
- Have you tried all integrations? Is technology the limitation or organisational culture?
- What restricts you from making the most of the network capabilities in place?
- How prepared are you to disrupt your business? Changing CAFM + CMMS is almost like changing an ERP system (i would like to think it that way), it needs much more than just a change in technology.
This blog is quite informative on this topic, you might want to give it a read https://www.erpsoftwareblog.com/2017/07/time-replace-erp-updating-wrong-reasons/
We at EnergyTech Ventures believe that there is a lot than can be done with existing investments that the Real Estate fraternity has made and transformative changes will start from integrations and not merely disrupting everything that's been built over time.
What are your thoughts?