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Facilities Management invests 75B riyals in AI
The Facilities Management Plan aims to transform its systems to rely on data and artificial intelligence, with the goal of predicting failures before they occur. This approach helps reduce energy consumption, cut down on emergency maintenance costs, extend asset lifespan, and improve space utilization. The strategy emphasizes collecting data from sensors and analyzing it to detect abnormal patterns and anticipate early failures, thereby supporting enhanced economic performance of the facilities and promoting sustainability. The plan cautions against common mistakes such as purchasing technologies before clearly identifying problems, or poor data integration. It recommends starting with pilot projects to measure results before scaling up, and emphasizes the importance of having specialized staff in data analysis and cybersecurity to achieve the desired benefits.
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