CAPSTONE PROJECT.pptx
- 1. CAPSTONE PROJECT on IBM TRIRIGA By : Shambhawi Akshita Agarwal Deeksha Bangia Bhawana Tripathi Aayush Kesharwani Shiv Verdhan Singh Vicky Kumar Mahato
- 2. About IBM Tririga • IBM Tririga is a computer software company that specializes in providing solutions for the management of real estate and facilities. In this report, we will provide an overview of IBM Tririga's business, including its products and services, market position, financial performance, and recent developments. • IBM Tririga is a comprehensive, integrated workplace management system (IWMS) that helps organizations manage their real estate, facilities, and assets. It is a cloud-based software solution that provides end-to-end functionality for managing all aspects of a facility's lifecycle. Tririga helps organizations streamline their operations, reduce costs, and improve overall efficiency.
- 3. • The IWMS platform includes several modules that allow businesses to manage their leases, capital projects, maintenance, space planning, and sustainability initiatives. IBM Tririga also provides consulting services to help businesses implement and customize their IWMS software.
- 5. Products and Services • IBM Tririga's primary product is its Integrated Workplace Management System (IWMS), which is a software platform that helps businesses manage their real estate and facilities. The IWMS platform includes several modules that allow businesses to manage their leases, capital projects, maintenance, space planning, and sustainability initiatives. IBM Tririga also provides consulting services to help businesses implement and customize their IWMS software.
- 6. Market Position • IBM Tririga is a leading provider of IWMS software, and it competes with other software companies such as Accruent, Archibus, and FM Systems. According to a report by Gartner, IBM Tririga is a "Leader" in the IWMS market, based on its ability to execute and completeness of vision.
- 7. Financial Performance • IBM does not report the financial performance of its Tririga division separately. However, in its 2020 Annual Report, IBM reported that its Cloud and Cognitive Software division, which includes Tririga, had revenues of $23.5 billion, representing a 6% increase over the previous year. IBM also reported that its Cloud and Data Platforms segment, which includes its IWMS software, had revenues of $9.4 billion, representing a 12% increase over the previous year.
- 8. Recent Developments • In recent years, IBM Tririga has focused on expanding its IWMS software capabilities to include artificial intelligence (AI) and Internet of Things (IoT) technologies. In 2020, IBM announced the launch of Tririga Assistant, an AI-powered digital assistant that allows users to interact with the IWMS platform using natural language. IBM has also partnered with IoT companies such as Cisco and Sigfox to integrate IoT sensor data into its IWMS software.
- 9. Modules offered by Tririga • Real Estate Management: This module helps organizations manage their real estate portfolio, including leases, contracts, and transactions. It also provides tools for managing occupancy costs and space utilization. • Capital Projects Management: This module helps organizations manage their capital projects, from planning and budgeting to execution and closeout. It provides tools for tracking costs, schedules, and resources, as well as managing project risks. • Facilities Management: This module helps organizations manage their facilities, including maintenance, repairs, and asset management. It provides tools for managing work orders, preventive maintenance, and asset tracking.
- 10. • Workplace Operations Management: This module helps organizations manage their workplace operations, including space allocation, move management, and service requests. It provides tools for managing occupancy levels, service requests, and space utilization. • Energy and Environmental Sustainability: This module helps organizations manage their energy consumption and environmental sustainability. It provides tools for tracking energy usage, carbon emissions, and sustainability initiatives.
- 11. Tririga's key features include: • Workflow Automation: Tririga automates processes and workflows, reducing manual effort and streamlining operations. This helps organizations save time and reduce errors. • Data Management and Reporting: Tririga provides comprehensive data management and reporting tools. This enables organizations to make informed decisions based on real-time data and analytics. • Mobile Access: Tririga offers mobile access, allowing users to access the system from anywhere, at any time. This increases productivity and improves collaboration.
- 12. • Integration with Other Systems: Tririga can be integrated with other systems, such as financial systems and building management systems. This enables organizations to have a single source of truth and avoid data silos. • Security and Compliance: Tririga offers robust security and compliance features, including data encryption, access control, and audit trails. This ensures that organizations meet their regulatory requirements and protect their data.
- 13. PESTLE Analysis
- 14. • Political Factors: Government regulations and policies can impact the use of IBM Tririga in certain industries and locations. Changes in tax policies can affect the cost of ownership and adoption of the software. Government spending on infrastructure projects can create opportunities for IBM Tririga to be used in the construction and management of buildings and facilities. • Economic Factors: Economic conditions such as recession or inflation can impact the demand for IBM Tririga and the budgets available for its adoption. The availability of funding and investments can affect the ability of businesses to invest in IBM Tririga.
- 15. • Social Factors: Trends in sustainable and green building practices can drive demand for IBM Tririga's sustainability management features. Workforce demographics and shifts in the workplace can impact the need for IBM Tririga's workplace management capabilities. • Technological Factors: Rapid advancements in technology can create opportunities for IBM Tririga to expand its capabilities and remain competitive. Changes in software development practices, such as the move towards cloud computing and agile methodologies, can impact the development and delivery of IBM Tririga.
- 16. • Legal Factors: Compliance with data protection and privacy regulations can impact the use and adoption of IBM Tririga. Intellectual property rights and patent laws can impact the development and protection of IBM Tririga's technology. • Environmental Factors: The impact of buildings and facilities on the environment can drive demand for IBM Tririga's sustainability management features. Changes in environmental regulations can affect the adoption of IBM Tririga in certain industries.
- 17. SWOT Analysis
- 18. • Strength: IBM Tririga offers a comprehensive set of features for real estate and facilities management, including sustainability management, workplace management, and lease management. IBM Tririga's integration with other IBM products, such as Maximo and Watson, allows for a more holistic approach to enterprise asset management. IBM Tririga has a strong presence in the real estate and facilities management industry, with a large and diverse customer base. • Weakness: The complexity of IBM Tririga's software can make it difficult for some users to fully utilize all of its features. IBM Tririga's pricing can be high, which may limit its adoption by some businesses. IBM Tririga may face competition from other software providers that offer similar real estate and facilities management features.
- 19. • Opportunities: The increasing demand for sustainable and green building practices can drive demand for IBM Tririga's sustainability management features. The growing trend towards remote work can create opportunities for IBM Tririga's workplace management capabilities. Expansion into new industries and geographies can help IBM Tririga increase its customer base and market share. • Threats: Rapid advancements in technology and changing software development practices may require IBM Tririga to continuously adapt and update its technology. Economic conditions, such as recession or inflation, can impact the demand for IBM Tririga and the budgets available for its adoption. The emergence of new competitors in the real estate and facilities management industry could threaten IBM Tririga's market share.
- 20. Conclusion • In summary, IBM Tririga is a powerful IWMS solution that helps organizations manage their real estate, facilities, and assets. Its modular approach and comprehensive functionality make it suitable for organizations of all sizes and industries. Tririga's automation, data management, and mobile access features help organizations streamline their operations, reduce costs, and improve overall efficiency. • It is also a leading provider of IWMS software, with a strong market position and a focus on expanding its capabilities through AI and IoT technologies. Its parent company, IBM, has reported strong financial performance in its Cloud and Cognitive Software division, which includes Tririga. With the increasing importance of real estate and facilities management in the modern business world, IBM Tririga is well-positioned for continued growth and success.
- 21. Q&A