When was the last time you replaced an HVAC unit in your company? If it was within the past few years, the chances are good that the new unit has some energy-efficiency rating and resource ready for connection to the Internet of Things (IoT). The revenue stream through the IoT is set to exceed $300 billion by 2020, reports Adam Crowe of FacilitiesNet. Unless you have a smart building system in place, connecting data from across your entire enterprise, it lacks value. IoT-enabled devices only prove reliable and valuable with connected to other systems, and this technology begets smart facility environmental controls.
Self-Learning Technology in the IoT Reduces Workload and Risk
Connected, integrated systems can achieve self-learning by identifying patterns and typical behaviors that exist within a given space. This information is then compared against total usage patterns of certain systems, such as HVAC systems, to create automatic activation, deactivation, and adjustment schedules. As a result, the self-learning capacity continues to improve in accuracy over time, resulting in less human involvement and fewer risks in the system. Also, self-learning enables systems to recognize potential issues before they result in equipment failures. Therefore, overall costs of operating decrease.
Complex Feedback Loops Conserve Energy and Optimize Maintenance Schedules
Speaking of decreasing operating costs, continual feedback loops among IoT-enabled technologies conserve energy by only activating systems that are essential to a facility’s immediate occupancy or product-preservation needs.
For example, motion-activated systems can turn on systems automatically in zone-specific areas when a person enters the facility, eliminating costs of system-wide activation for minimal occupancy rates.
Detection of Issues Improves Equipment ROI
The return on investment of equipment, especially HVAC units, is determined by its initial cost, operating time before total failure, repair costs and impact on your environment. The IoT enables smart facility environmental controls by improving equipment ROI, including all these factors and more. When deployed in larger facilities, savings through data integration and analytics can grow even higher. Furthermore, the initial investment into cloud-based smart environmental controls is decreasing.
IoT-Connection Enables Managed Services
Cloud-based systems, which also serve to connect IoT-enabled devices, give rise to another aspect of smart environmental controls, managed services. Managed services are the compendium of resources leveraging the IoT through an outsourced company that monitors the system remotely and provides ongoing support.
This ensures a maximum ROI among the facilities management system, all connected pieces of equipment and fewer costs associated with overall facilities management, reports Edward Sullivan of FacilitiesNet. Due to declining costs of data and analytics through the cloud, small and independent companies can now take advantage of the power of managed services too.
Smart Facility Environmental Controls Are the Future
With growth in IoT-enabled devices, the potential savings will multiply. More companies entering this space and greater demand for stable, reliable and cost-effective smart environmental controls will naturally improve facilities management across all industries. The IoT Revolution has arrived, and it is ready to define your sustainability strategy.