You need an indoor map, but your CFO disagrees?
We like to think indoor mapping is a no-brainer for everyone, but the truth is that it is not. While the adoption of hybrid work has made many business leaders recognize the need for indoor maps, they are still considered a nice-to-have for others - and we do not blame them.
Guiding a business through these turbulent economic times is anything but simple, and investments must be carefully considered. However, indoor maps contribute to one of two overarching goals: cutting costs or increasing revenue.
In this blog post, we will dig into the first goal and show you (and your CFO) how indoor maps can help you cut costs.
How indoor maps help you cut costs
Optimizing Space Utilization
Have you considered how much money you are spending on unused office space?
According to a 2022 study by Density, office spaces remain unused for over a third of working hours (8 a.m. to 6 p.m.). The study involved an analysis of approximately 502,000 cumulative working hours across various types of spaces, including private offices, open-floor plan areas, and conference rooms of varying sizes.
Extrapolating that out for the 2,000 office spaces in the dataset, Density’s CEO, Andrew Farah, says that this equates to more than $25 million a year that is being spent on office real estate, which is sitting empty.
There is no doubt that hybrid work is here to stay. Office attendance has stabilized at 30 percent below prepandemic norms and individuals are even willing to leave their jobs if faced with the requirement of daily in-office work. This means that you need to adjust your spaces for hybrid work unless you are prepared to bear the cost of unused office space.
The implementation of an indoor map can help you visualize how your spaces are being used so you can optimize them accordingly, allowing you to reduce the amount of unused office space or even downsize to achieve significant reductions in real estate costs.
The COVID-19 pandemic showed us that remote work does not necessarily hinder productivity.
However, the same cannot be said for hybrid work, unless you provide your employees with the tools they need to efficiently locate available desks, rooms, and colleagues.
Studies show that 40 percent of workers in large organizations waste up to 30 minutes a day searching for a space to collaborate. Add to that, the 18 minutes workers in shared desk offices waste every day hunting for a desk. When you also factor in the time lost trying to locate colleagues in environments where there are no designated workspaces, the impact on productivity becomes evident.
An indoor map can help you solve these challenges by providing employees with a clear overview of your spaces including available and booked meeting rooms and desks. With its read-write capabilities, the indoor mapping platform MapsIndoors goes even further, enabling employees to book shared resources directly through the map.
If your company runs a big office, chances are you have got more than one map floating around.
Big buildings need a bunch of different tools to work smoothly. Things like facility management systems, workplace management apps, security setups, employee software – you name it. A lot of these tools come with their own indoor maps. That does not sound like a big deal, right? But having a bunch of different maps actually wastes a ton of time.
Imagine this: bigger companies update their floor plans up to 30 times a day. Now think about how much time goes into updating and managing maps every single day, especially if your company uses four different ones. If you invest in a single indoor map that can talk to all those other tools, you will end up saving all that time. MapsIndoors supports profil-based map views which ensures that everyone has access to the information they need, but not to the data that does not concern them.
If you want to know more about how you can save money, get more stuff done, and make everything run smoother, reach out to us and let us chat about how to make your office work better.