Technology evolves faster than anything else on the planet. Where great supercomputers once controlled the most complex operations, now the smallest, hand-held devices can achieve the same computing power. Technology begets greater technology, and the Internet of Things (IoT) is no exception. The IoT is changing, and energy management technology leverages the power of the IoT to produce the greatest benefits imaginable to companies of any scale. In fact, the IoT is empowering five unique aspects of energy management.
Actual Devices Are Becoming Smarter
From lighting systems that automatically turn on and off to account for energy usage to centralized networks of HVAC units, individual devices are gathering more information about their function and surroundings. This information can be applied to generate specific energy consumption reports and forecasts, allowing businesses to modify their carbon footprint on a nanosecond-basis. But, what about the actual energy usage of these connected devices?
Energy Management Technology and Smart Devices Require Less Power Than Their Traditional Counterparts
The generation of data through connected devices for energy management technology requires power, and to some degree, this power impacts your overhead operating costs. However, the key to this problem also lies with smart devices. They can be automatically disconnected from the power grid remotely when not necessary, and applying predictive analytics to data gathered results in “schedules,” as explained by Edward Sullivan of Facilities Net, which eliminate usage and switch devices back on when appropriate. In other words, the whole process is more manageable and energy efficient than the IoT’s devices of the past too.
Everything, Everywhere Is Impacted by the IoT Revolution
The IoT is not just something that is using data from one location and applying it to realistic, real-time changes in a single facility. Connected devices deployed around the world, as explained by the U.S. Department of Energy (DOE), provide continued feedback on customer actions and device usage patterns. Meanwhile, this data enables enterprise-wide benchmarking in relation to customer needs, so your business can run more effectively and prepare for what the market may do. Consequently, your internal facilities management processes can be outsourced and controlled remotely, and the continual feedback loop from millions of connected devices provides you with the latest insights and trends globally, giving you more power to improve your building’s operations with fewer resources needed.
Building Standards Become One With IoT-Based Energy Management Technology
The overwhelming majority of businesses continue to resist the IoT revolution, but that notion will change within three years. Per Gartner, more than half of all new and upcoming businesses will deploy IoT-based technology for energy management solutions, facilities management operations, market feedback and more by 2020. Thus, the sheer volume of connected devices will start to rival the number of nonconnected devices. In other words, there will be more devices utilizing the power of the Internet of Things than disconnected, traditional devices.
The Big Picture
The trend toward more technology shows no signs of stopping. More devices are being built. New systems are coming online, and more companies are tuning into the IoT enabled energy management technology for better ways to manage everyday operations, including energy management initiatives. So, your business should go with the flow if you want to stay competitive in an ever-more-advanced market and economy.