In the
last two decades, people and businesses have been witnessing unprecedented
growth and development in every aspect needed for sustainable survival. To have
sustainable survival, everything has to be managed professionally. This has
ensured specific place for management professionals. From the consumer to
non-consumer goods industries, from residential to commercial, management
professionals are essential in ensuring effective performance of facilities,
property, assets and building.
This
observation prompts Infoprations to
investigate the primary place of the facility management industry, an infancy
industry in most countries in the world, along with the property, real estate,
building and asset management. To many in the developed world, facility
management is not new. In countries like Nigeria, Ghana and others in Africa,
facility management as a profession has been misconstrued. It has been
associated with property, real estate, asset and building management over the
years.
Infoprations’
analysis indicates that the world’s interest in facility management in the last
5 years is incomparable with asset and property management. Analysis reveals that
between 2013 and 2018 (till July) facility management search interest threshold
was 24.47 score behind asset management which had 77.64 score.
The connectivity
analysis suggests 58.5% connection rate for the facility and asset management. This
establishes that people and businesses perceived FM as part of AM. Separating
FM from building management seems untangle, analysis suggests. It was
discovered FM connected with BM by 40.5%. For the real estate and property
management, the differences are easier to spot out, analysis reveals.
As at
the time of writing findings of the analysis, facility management in the news
is 8.6 million while asset management, which has the highest connection with
the profession, is 18.6 million. In the academic field, scholars have studied
issues on facility management than asset management. Analysis shows that
facility management appears as keyword in 561,000 academic publications while
asset management was used in 500,000 publications between 2013 and 2018. Analysis
also reveals that building management is better than the facility and asset
management in the news and among the academics.
Insights
have shown that professionals and companies in the facility management industry
need holistic approach towards awareness creation on the meaning, functions and
important of FM on sustainable human, industrial and country development.
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