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Showing posts with the label asset management

COP29 and Its Implications for Real Estate, Building Construction, Engineering, Infrastructure, and Cities

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  As the global community grapples with the escalating impacts of climate change, the Conference of the Parties (COP) continues to serve as a critical platform for setting international climate policy. COP29, held in 2024, addressed critical concerns for industries tied to real estate, building construction, engineering, infrastructure, and urban development. These sectors not only contribute significantly to greenhouse gas emissions but also face the brunt of climate-related risks. Here’s a closer look at what COP29 could mean for these fields. Real Estate: Navigating a Carbon-Constrained World The real estate sector, accounting for nearly 40% of global energy-related carbon dioxide emissions when considering construction and operations (source:  World Green Building Council ), is under increasing scrutiny. COP29 emphasized  sustainable and energy-efficient buildings , as outlined in commitments made during the conference, with a focus on stricter regulations for new dev...

Everything about developing BIM scope for Property Owners

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  Introduction Though most property owners implement  BIM  (Building Information Modelling) technology in their capital project development, but most conclude that they did not benefit enough from BIM. One of the major reasons is the lack of strong BIM scope embedded into the contractual scope of the Architect or Other consultants or contractors on the project. Let us together understand how to develop a robust BIM scope as a property owner, developer, or consultant developing BIM scope for your client. Before we dive into the topic let us define a few boundaries for the discussion: 1. Article's primary beneficiary is the property developer or owner or Owner’s representative like project management who is developing a BIM scope of service for the capital project. 2. BIM means Building Information Modelling (BIM) which is a collaborative design development method that leverages 3D geometric embedded with object properties for various use cases during all project/property s...

Condition Based Maintenance

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  Condition Based Maintenance Maintenance plays a vital role in optimizing an asset's performance and achieving efficiency. However, maintenance actions are always associated with time, resources, materials, and cost. Also, often critical machinery costs are higher in their breakdowns and scheduled maintenance downtimes. Frequent maintenance of Machineries increases operational costs while scarce maintenance can result in unexpected downtimes and compromised efficiency. Hence it is essential to optimize these actions and bring up optimized maintenance instances. Modern industrial machineries are highly complex and are equipped with advanced technologies to meet their demands. Most of the manual works are automated using automation and technology resulting in the production of vast streaming data. This is where we can leverage the use of Artificial Intelligence for  Maintenance management . The field device information from various sensors and actuators will be analyzed to pred...