Integrated Workspace Management System or IWMS as it is fondly called is a term coined to address the key functions of a Real Estate and the automation technologies associated with them.
An IWMS comprises of the following:
- Real Estate Management
- Capital Project Management
- Facilities Management
- Maintenance Management
- Sustainability and Energy Management
According to HBR, technology penetration in Real Estate has always remained low and is accessible only by a few and that too in fragments. Even though there are technologies available for affordable automation across the board, the real penetration has had its challenges always.