Back to the office? Nuvolo has a plan for that
Everything in the business world points to decentralization.
It’s the concept that runs in the background of crypto and blockchain. It is the guiding practice behind telemedicine. Who Needs a Central Bank? Who needs a doctor’s office? There is no reason why the principle of decentralization should not apply to office work, and it does. The pandemic has produced positive evidence that a central office is overrated for most companies.
But now the pandemic is waning and the workplace is facing another series of changes. Will office work remain scattered across living rooms, kitchen tables, and cafes? We will see. But one problem existed before the pandemic and will be for a long time afterwards. Central offices are difficult to manage. The discipline of integrated workplace management systems (IWMS), which combines facility management systems, workplace management systems, asset management systems, people management systems and many more, requires a digital redesign.
As an IWMS platform Nuvolo‘s CEO Tom Stanford PYMNTS said many of its customers require five, six, seven, eight, nine, and up to twelve different different solutions on multiple platforms. And the problems only grow from there. Other concerns include the incorporation of legacy technology, third-party inputs, and the result of the inorganic growth that comes with mergers and acquisitions. The result may be that companies maintain and support completely third-party technology platforms separately instead of integrating them into their own.
It’s inefficient, difficult to manage, and can even be dangerous in industries like healthcare. The problem is also something Nuvolo wants to solve by offering a cloud-based networked workspace solution that replaces a multitude of different platforms with a single platform to manage all people, physical locations, assets and work – and data transfers between formally isolated ones Segments not only possible to make, but seamless.
Health care healing
Nuvolo works with companies in industries such as life sciences, financial services, retail, government, academia, and corporate. But healthcare provides clear examples of where and why its services are needed. It is a segment of inorganic growth, he said, with most of the notable expansion activity in the sector being done by companies buying out each other to gain market share. That means the company has to deal with some wild scenarios, like a new client hiring the company to combine the 51 different digital recording systems it currently manages into a single effective platform to get them all in ” a single platform, a database, a mobile experience with a naming convention and a data mode, ”said Stanford.
And this single platform not only takes away a lot of redundancy and inefficiency from the system, but also allows customers to better manage their businesses as they are not forced to make separations between things that don’t make sense, like facilities maintenance and medical care.
“If you’ve been walking into a modern emergency room recently, where does the medical equipment end and where does the physical equipment begin?” Asked Stanford. “How can you safely ensure good patient care for the patient when the facility’s equipment is in one system and the medical equipment is in a second system that are completely separate from each other?”
The best care is best provided when all systems are housed in a single, secure, and easily accessible system that moves data efficiently between points, he said.
And this free flow of data on a single platform not only makes the system more efficient, but also more secure, as fraudsters and other security risks can no longer rely on hiding in corporate data silos, he said. Connected workplaces, at best, make it better to identify a risk, assign an asset to that risk, and create a work order to eliminate it.
“That’s the essence of cross-functional data sharing on one platform,” he said.
The accelerated future
Nuvolo raised $ 31 million earlier this month Series C funding, Money that Stanford says will primarily be used to advance the company’s vision for connected workplace innovation. That will mean roughly three years of effort spearheaded into a year and a half to get its offerings as the company hoped by 2024.
It’s an aggressive target, but there’s one thing the market demands in particular as the pandemic comes to an end and employers are involved in negotiating how to get their employees back to work and how to do it safely and securely for everyone. This, he said, requires the ability to manage every part of the workplace experience from a single data-enriched point.
“We believe that our networked workplace platform with all these IWMS functions is available on a single platform, fully modern and mobile ready – what we wanted to do in three years, we now plan to be ready by the beginning of next year, that is ours new core focus, ”he said.