Smart building solutions and energy management systems (EMS) leverage massive amounts of data to increase brand value and reduce total cost of ownership in modern facilities management. Powered by unique energy management technology, like the Internet of Things (IoT), descriptive, predictive, prescriptive analytics, big data, Software-as-a-Service (SaaS), and cloud-based technologies, energy management is turning facilities managers into predictors of the future. To make informed management decisions, facilities managers need to understand how energy management technology can enhance predictability.
Energy Management Technology Builds on Insights Through Analytics
Analytics are the common component in most energy management technologies, but the insights derived from their use as descriptive, predictive, and prescriptive analytics build on existing information and asset details. This increases the usefulness of information, so facility managers can be proactive keep equipment running efficiently.
Analytics Focus on Historical, Real-Time and Futuristic Data
Analytics do not just rely on historical data; as Kellton Tech explains, they use advanced algorithms to conduct asset efficiency, root cause, warranty lifetime, carbon emission, and correction or exception analyses. They allow facilities managers to generate predictions about how data will likely change in different scenarios. Ergo, analytics enable better forecasting in all aspects of facilities management, as well as energy management.
The Role of Facilities Managers Changes in Response to Energy Management Technology
Facilities managers traditionally focused on responding to the needs of the facility, like malfunctioning equipment or customer and occupant complaints. The digital age allows facility managers to oversee multi-site portfolios; since systems can now run automatically, facilities managers can focus on preventing issues, and not just resolving them as they occur, Innovation Enterprise explains. In addition, energy management technology transforms energy management into a value added service.
For example, energy management technology connects to the internet of things (IoT), reducing the workload of facilities managers. Artificial intelligence (AI) and machine learning (ML) allow facilities managers to free up even more time to focus on preventing issues. When applied across an entire enterprise, energy management technologies have the potential to dramatically reduce energy and resource consumption to achieve a net-zero cost. By leveraging additional energy resources, such as installing solar panels, companies may even achieve greater profitability and transform energy management from cost-centered to profit-centered.
Leverage Industry-Leading Energy Management Technologies Now to Stay Competitive
Implementing smart building solutions and energy management technology significantly reduces the carbon footprint. Existing technologies, like electrochromic windows and air conditioners without compressors, reduce cooling and heating costs for facilities, increase insulation and reduce energy demand along the way. As global energy costs increase, facilities managers need to take advantage of today’s opportunity to digitize energy management systems and implement technologies that enable energy reliance reductions and cost savings. Find out how your organization can gain insights into energy usage by visiting ENTOUCH online today.