How IoT-enabled Smart Buildings cut down energy costs
Whether it’s the rise of artificial intelligence or the demise of antibiotics, traveling in autonomous cars or the arrival of 4D printing – science and technology is changing the world at a remarkable pace.
Just look at the buildings.
It was just yesterday when the value of buildings, particularly of commercial real estates, was all in…
- the location
- extravagant building amenities like golf simulators, rooftop pool lounges, and spas, and
- highest and best use of the property.
Tomorrow your buildings’ value will be in…
Let me explain that with a scenario.
Start from the moment your occupants’ cars enter into the building. Vehicle detection sensors sense their cars and direct them to an available parking spot. Biometric devices recognize their faces, when they enter into a building and let them pass through the security. How convenient is that! Now let’s suppose, one of the CEOs from another company is going to address a few C-suite executives of your tenant’s company. Your tenant makes a conference room reservation online. When the appointed time arrives, the air-conditioning system in the room will be turned on in advance. What if a conference room is able to adjust lighting levels according to the nature of conferences like conference mode, presentation mode, and video mode? In fact, during the entire conference, the temperature will be monitored at all times and automatically adjusted. At the end of the conference, all power settings will return to the original state.
Now that’s the best example of 21st century buildings. Whether you own a retail store, a restaurant, a commercial real estate, a warehouse, a hospital, a higher education campus, an industrial building, or even an American foursquare – tomorrow your properties’ value will be in data, and how your facility managers can use that information to strengthen tenant engagement.
Over 80% of companies expect their commercial real estate teams prioritize technology improvements to enhance workplace productivity. – Jones Lang LaSalle (JLL) Inc.
Then why are not more property owners adopting it?
Although IoT-enabled technology advancements have seen plenty of traction in the press, many property owners are still trying to figure out what opportunities such technology improvements will provide to their business. And there’s nothing wrong in that.
There are building owners who view the cost solely as an expense, while others consider IoT-enabled technology advancements as investment yielding ROI, as a potential source of disruption for their business and as a source of distinction from their competition.
IoT Based Smart Building Solution to Reduce Energy and Operational Costs
Building management has become one of the top most concerns for building owners
For the ones who want to do more with less; who want to create profitable and sustainable business models that add lasting value to customers, employees, shareholders and civil society; and who want to keep up with the ruthless pace of change forced by the current digital technology disruption – Softweb Solutions Inc. has developed a Smart Building Solution.
Technologically advanced, Softweb Smart Building Solution is retrofit-friendly and can turn any building, old or new, into a smart building. Whether you want to increase the efficiency of your building systems, monitor asset utilization, decrease operational costs, increase energy savings, improve tenant experience, or support environment-friendly practices – Softweb Smart Building Solution is the answer for all.
How smart building is taking operational and energy efficiency to the next level
- Biggest challenges of a typical commercial building
- Core components of a Smart Building solution
- How to reduce the carbon footprint and increase the operational efficiency of the existing building
- Real-life use cases
- How artificial intelligence and machine learning can add value
This is how a smart building makes occupants more comfortable and productive
Yes, property owners have been installing sensors and automating activities for some time, primarily aiming to make occupants more comfortable and productive at the lowest cost, while managing energy and operations more efficiently.
1. Improves energy efficiency
Offices tend to use around 40% of their space at any given time during the business hours, according to U.S. Department of Energy (DOE) studies on achieving operational efficiency. So, data collected by motion and occupancy sensors at a building level can be used by facility managers to regulate air-conditioning and lighting level in real time, thereby reducing energy costs and optimizing the internal environment for its intended purpose.
In large sites, such as shopping malls, office parks, industrial zones, airports or seaports, IoT-enabled buildings reduce energy consumption, spatial management, and building maintenance by up to 30 percent. – Gartner
2. Enhances comfort and efficiency of occupants
For each zone individually, a system can handle the temperature and lighting level, akin to that of a conference’s nature. This is how it offers tailored experiences for users based on their temperature preferences throughout the day and optimize their efficiency.
3. Increases operational efficiency
Powering down lights in zones with zero activity, adjusting cooling systems based on weather, and managing other material resources can now be automated. This not only ensures that facilities are used more efficiently but also brings an improved experience for building users.
4. Predictive maintenance
Continuous monitoring and predictive capability of IoT-enabled buildings can enable a building manager to take appropriate corrective action before tenants even notice a problem. According to U.S. Department of Energy (DOE), predictive maintenance can:
- Reduce maintenance costs up to 30%,
- Eliminate 70% to 75% of equipment breakdowns
- Reduce equipment downtime 35% to 45%
- Increase production up to 25% and
- Achieve a 10x ROI on predictive maintenance to facility managers.
70 percent of companies believe that the ability to predict and diagnose problems and provide or propose solutions will be a “game changer.” – Johnson Controls EEI survey
If you need more motivation
Originally, The New York Times’ 52-story building in Manhattan was designed to use 1.28 watts of lighting power per square foot. However, the publisher went to implement a ‘Smart Energy Management System’ to create a dynamic and energizing work environment. The payoff is: from 2009, the building uses only 0.396 watts/sq. ft. That’s precisely, a 72% reduction in energy usage! AT&T too lowered spending on lighting by integrating LED lighting with smart sensor systems. The environment-friendly system is saving the company approximately $8 million a year. Nevertheless, my favorite example is, “The Edge.” With some 28,000 sensors (dedicated to tracking lighting levels, humidity, and temperature), building’s main tenant, Deloitte is remarkably optimizing the efficiency and productivity of its employees. That’s why it is dubbed as “The Smartest Building in the World” by Bloomberg.
The point is…
With rapid advances in the Internet of Things and Cloud Computing technologies, buildings are no longer perceived merely as brick and mortar. Buildings can now talk to people and economize personnel and material resources in alignment with the priorities of property owners, facility managers, and building users.
What are you waiting for? Get in touch with our experts and make your building smarter.