DECEMBER 2019CIOAPPLICATIONS.COM8GAME CHANGERS: NEW ENTERPRISE ASSET MANAGEMENT TECHNOLOGY DEVELOPMENTS ARE TRANSFORMING EMPLOYEE AND BUSINESS EFFICIENCY TSIMON DAVIS, EXECUTIVE MANAGING DIRECTOR, TECHNOLOGY SOLUTIONS, NEWMARK KNIGHT FRANKhe number of technology solutions supporting Enterprise Asset Management (EAM) has grown exponentially in recent years, as service providers look to help organizations manage and optimize their asset portfolios. Among the factors driving this trend are the increased availability of augmented reality, automated intelligence and machine learning technologies, the movement of investment dollars to startups in the space and the falling costs of sensors and other enabling technologies. EAM is about the end-to-end lifecycle management of assets, from installation to decommissioning. It's commonly split into five categories: (1) asset lifecycle management, (2) supply chain management, (3) core EAM, (4) monitoring, and (5) maintenance planning and scheduling. The technological developments in each of these categories highlight emerging capabilities that could potentially be gamechangers in the future. Some of them are highlighted below.Through our New Generation Management Trainee Program, we give middle managers the skills to adapt to operations across our various destinations. We maintain this existing talent pool of qualified managers from which we can readily staff new hotels and segue the properties from ramp-up period to profitability that much more quickly.Digital Design Creates Aesthetic and Practical Delivery OpportunitiesEven before procurement, technology plays a vital role in helping companies plan their asset strategies as part of a holistic design process. Sophisticated digital design tools are helping all stakeholders understand the requirements and costs associated with meeting their needs. Designing space in a virtual world requires more than a focus on aesthetics. While the particular design elements of a space distinguish it, Newmark Knight Frank Global Corporate Services (GCS) Executive Managing Director, Simon Davis, is a 20-year+ CRE technology expert, leading business development for the firm's GCS Technology Solutions division.Simon DavisIn My View
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