6CIOReview | | DECEMBER - JANUARYEditorialCopyright © 2022 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.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com DECEMBER - JANUARY , Vol 11, Issue - 100 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer : * Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithGina ClumskyYenny TurnerTiffany HayworthRussell ThomasFacility management automation is fast replacing the traditional approach that considers facility management an auxiliary function that provides the required conditions to run an organization. Aimed to streamline workflow reliably while seamlessly running in the background, facility management automation allows businesses to focus on improving their core competencies. By leveraging facility management software, managers can access a variety of tools for the digital transformation of the way companies manage and maintain their realty, vehicles, and other property.According to a report by fortunebusinessinsights.com, the global facility management market was valued at $1,239.99 billion in 2021 and is expected to reach $1,856.44 billion by 2029, registering a CAGR of 5.7 percent during the period.This prolific growth can be attributed to the initial increase in urbanization and industrialization. At the same time, the increasing awareness of cleanliness, management, maintenance, and security, driven by the pandemic, has also triggered the demand for facility management solutions.To adapt to the changing customer needs, facility managers need technology that unifies siloed building automation systems, resolves critical issues, and enables the effective use of existing data. Leveraging AI and predictive analytics tools, organizations can use data insights to bring together operations, maintenance, and sustainability for intelligent operations, everyday sustainability performance intelligence, and occupant engagement and productivity. IoT and machine learning-driven tools enable efficiencies of scale in management by reusing existing siloed investments in buildings like automation systems, fire safety, power systems, and security systems.This edition of CIOReview delivers a bird's-eye view of the recent developments in the facility management arena and insights into how organizations are aligning with these trends and adopting new ways to shape the future of the industry.We have curated thought leadership articles from industry experts, including the Global Head of Manufacturing & Risk Strategy at Alcon and the VP of Enterprise Business Continuity at Freedom Mortgage Corporation.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative facility management solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as City Facilities Management and Cloudbooking, help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of CIOReview's facility management solution providers help you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts! Embracing the Future of Facility Management
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