This month, a gathering of leaders in the built environment space took place at London’s City Hall to discuss the future of the facilities management industry. The discussions primarily focused on the integration of technology, data, and ESG in the industry to achieve net-zero carbon emissions by 2050. A new whitepaper, “Technological Disruption in Facilities Management: Achieving Net Zero by 2050,” was launched by Cloud, a ranked firm in the PropTech 50 list, to guide the industry’s transition.
According to Cloud’s whitepaper, the FM industry needs to prioritize investments in AI, IoT, and big data to tackle the challenges of climate change and economic headwinds. The document also advocates for greater collaboration across the industry, continuous workforce upskilling, and education to improve the industry’s adaptability to future demands.
The mindset of business leaders must shift to achieve all of this. For instance, ESG principles must become integral to the boardroom’s decision-making, not just an afterthought. Cloud’s head of ESG, Kat Christoloulos, and Chris Judd, Partner and Head of Sustainability at Burson Buchanon, highlighted that sustainability should be a part of what businesses do, not a separate entity.
The building blocks to adopt futuristic technology such as AI, AR, and predictive maintenance are already available today. Cloud’s Mindsett Prism box and Freedom platform enable users to identify any issues with their assets in real-time, call an engineer the same day, and prove that the problem has been fixed. Adopting these solutions earlier in the built environment strengthens their evolution, and we will be closer to achieving net-zero carbon emissions and mitigate the worst climate crises’ impacts by 2050.
Read Cloud’s roadmap to 2050 and download their whitepaper to learn more about achieving net-zero carbon emissions.
