EditorialDiscovering the Goldmine of SavingsTraditionally facilities management has been put on the backburner by many industries. Although the discipline has been persistent in providing essential services within tight budgets, it was considered a passive cost centre. Facilities management lagged behind other functions, including production equipment maintenance by both digital maturity and penetration of technology. However, recent trends indicate that facilities management is ripe for disruption. Increasing focus on optimisation processes and energy efficiency improvements have been the major forces for driving the growth of the facilities management market.In Europe, one of the significant trends disrupting the facilities management industry is demographic development. The growing population with increased migration and mobility calls is already challenging firms to develop culture-attuned models. Besides, outsourcing the facilities management is a well-established strategy on the rise thanks to an influx of vendors. Firms can maximise their value creation by finding the appropriate mix of insourcing and outsourcing based on capability, cost, and coverage. Further, with the fourth generation workplace becoming common in the European countries, it will be crucial for facilities management solution providers to understand the needs and interests of each age cohort. Among a slew of technologies utilised, robotic automation is a widely adopted trend that is well suited for eliminating repetitive and hazardous tasks. Interestingly, European companies, along with Asian companies, are leading in the adoption of robotics for services such as cleaning and security.It is also expected that sustainability challenges, including global warming, will impact supply and value chains along with building design, management, and maintenance in the coming decade, which calls for more focus on systemic design. Meanwhile, the implementation of IoT devices, such as motion sensors for lights and automated temperature controls, can enable more visibility into energy usage and management.As a final note, in order to pursue these disruptive trends and embrace facilities management as a transformation value addition, companies have to adjust their strategy, organisational capabilities, and culture. If done right, facilities management can be the goldmine of savings for businesses rather than a function put on the backburner!We hope the valuable insights from industry thought-leaders and the comprehensive services from leading as well as emerging facilities management solution companies featured in this edition will help you in making informed decisions for your organisation.Let us know your thoughts!Royce D'SouzaManaging Editoreditor@cioapplicationseurope.comEditorial StaffBen Jackson Ezra BenjaminJames SmithCalvin JamesSenior WritersLeah JaneClara MathewRoyce D'SouzaSalesJennifer Stephenjennifer@cioapplicationseurope.com510.996.5125Graphics & ArtIssac GeorgeJaxon Jase*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffContact Us:Phone: 510.996.5125Email:sales@cioapplicationseurope.comeditor@cioapplicationseurope.commarketing@cioapplicationseurope.comFEBRUARY - 19 - 2020, Vol 04 - Issue 4 (ISSN 2644-2531)Published by ValleyMedia, Inc.To subscribe to CIO Applications EuropeVisit www.cioapplicationseurope.com Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Royce D'SouzaManaging EditorRoyce D'Souza
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