Do they create any value at all?

The energy cost for commercial buildings and industrial facilities in the US is estimated at $400 billion. (Eia.gov, 2018)
The average building wastes 30% of the energy it consumes due to built-in inefficiencies.
Ongoing operating costs represent 50% of a building’s total life cycle expenses on an estimated 40-year life span (Rajagopalan et al, 2017).

 

Optimum management of energy consumption has been a huge headache for facility managers for decades. There are a myriad of electrical appliances from computers, phones, printers, scanners to vending machines and coffee makers. Hence, it has been a very difficult process keep track of the energy consumption of each and every electrical appliance in  office premises. More scientifically, it is very hard to keep track of plug and process load (PPL) energy usage of each appliance.

Sensors in buildings are becoming cheaper, smarter, and more widely used. New connections are being forged, not just between devices in a system, but among systems in a building and buildings in a portfolio. And the unprecedented volume of data coming from buildings is being converted into useful information by sophisticated analytics. For facility managers, there’s nothing new about the idea of connecting devices to enable data sharing and control. But the Internet of Things, or IoT, changes the game in important ways.

 

The IoT devices remain interconnected with some vital areas of the building that leads to better utilization of resources. In terms of energy saving, the IoT devices are interconnected with self-powered meters. Smart sensors can control basic building elements like light, temperature, management of the run-time of escalators and elevators, and others, thereby reducing the energy consumption. Real-time monitoring of processes in a building can be done successfully with IoT solutions.

 

 

Employee standards are changing and the roles of facilities managers are evolving too. According to an independent report by Gartner, 25% of all businesses are using a chief digital officer as an extension of traditional facilities managers and have increased the efficiency in providing quality facilities and service to the occupants by 50%.

Do they create any value at all?
Are they worth it?

 

One of the many benefits of IoT and analytics in facility management is the ability to do more with less. Well, this means that the applied technology reduces energy reliance and optimizing the workforce of facility management companies.

  • Optimise wastage
  • Manage risks
  • Enhance occupant experience

Facility managers have been provided with the opportunity of optimizing this PPL energy usage and thereby, minimise the expenses incurred in facilities management. In this process, advanced power strips, load shedding devices, and occupancy sensors allow for remote and automated measurement and control. As an example, the facility manager can monitor and manage PCs remotely, setting automation protocols that change their power settings when not in use. The advanced power strips can sense when a workstation has become inactive and power down the equipment at that station, allowing the facility manager to save the energy.

By accompanying IoT with facilities management, organizations are able to harness these extra savings that were not easily achievable before. Smart devices are readily available today and we hope to continue research and development in this area to figure out how and where these devices can be most effectively used.

blockHQ is committed to enabling our partners and their organisation with technological support to build, test ideas using cutting edge technological advancements. We help build simple business solutions using software and hardware. Data is everywhere and we believe in the opportunities created by transforming data into information. Our teams are experienced in research & developments as well as versed in product/ solution design. Using a secret mix of lean and agile methodologies, artificial intelligence, cloud computing, integrated systems, sensors and devices we deliver quick and effective solutions.

 

References
Eia.gov, 2018. CBECS 2012: Building Stock Results. [Online]
Available at: https://www.eia.gov/consumption/commercial/reports/2012/buildstock/Rajagopalan, R., Hameed, T., Rajamani, B. & Sethuraman, B., 2017. Embracing Smarter Facilities Management, s.l.: s.n.
Service Futures, 2018. 5 major factors that are driving growth in the FM industry. [Online]
Available at: https://servicefutures.com/5-major-factors-driving-growth-fm-industry
image credits – https://aethon.com/hospitals-play-offense-against-rising-costs/ 

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