IoT creates opportunities for new energy solutions for every building

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Large building proprietors have been putting resources into intelligent building technology and utilizing these data-driven ways to lessen costs, enhance operational and energy efficiencies, and accomplish more extensive corporate objectives like manageability. Small and medium building (SMB) proprietors, frequently battle to keep up profits and manage thin margins with more customary methodologies. Several small sized structures do not have the innovation to generate the kind of information that binds energy utilization to operational and bottom-line execution. Thus, there is a lost opportunity for these entrepreneurs. The idea of Internet of Things (IoT), however, has initiated a discussion around building an administration and conveying great outcomes. The IoT system is opening new entryways for SMB energy proficiency and business advancement.
Intelligent Lighting Controls for commercial buildings lightings is one area where IoT system is finding its best application. Accompanied by the ongoing transformation from previously dominant fluorescent light to more efficient and flexible LED lighting, the market for lighting controls has expanded broadly. Development has occurred in conditions of both the variety of control systems that are available and the sheer number of the system which are to be installed. Building energy requirements are largely driven by the adaptation of more basic light controls such as occupancy sensors and photo sensors. However, those codes also create the scope for a light project to upgrade to a more comprehensive control system against a humble price increase.
To meet the growing demand for lighting control systems, different types of vendors have moved into the light controls market. Leading the ground breaking side of this move are the pure-play startup companies that are largely in charge of the proliferation of creative ways to visualize energy consumption and devise new strategies to manage energy consumption. The large, traditional energy companies have begun offering a range of energy control products, as well. Finally, the established building controls companies have also been broadening their capacities to include lighting controls along with other building wide control systems.
Some of the key benefits that IoT system is expected to deliver are as follows-
• Safeguarded, Scalable, and Easy to Install
IoT system is a concept that spans practically every area of our economy. It is about the connection of information, data, and personalization of technology. IoT is an influential concept when it comes to energy management and operational efficiency in smaller facilities because it is a way to cost-effective technology application. The significant cutbacks in cost from this technological approach–as compared to traditional controls and automation–make benefits associated with developing intelligent buildings attainable for smaller and medium sized facilities.
IoT-enabled intelligent building systems are secure, measurable and interoperable. They help by open communication and standards within buildings, assisting with reduced costs and improved integration options. Security is gaining importance of a high-profile aspect of intelligent building investment decisions. The solution providers are installing network-secure IoT platforms that range to compliment the same opportunities for improved efficiency and reduced costs in small and medium-sized buildings that are available in large buildings. IoT can deliver essential data, down to the asset level, to support better directives via the (Building Energy Management System) BEMS.
The essence is that those IoT solutions deliver data-driven insights to SMB decision makers without significant business disruption for installation–and at a cost that is justifiable.
• Apparent Benefits beyond Just Strength Efficiency
The main factors that drive customers to buy IoT solutions can vary in each situation, but there are a few common patterns which have recognized. It is clear the vendors that are interacting with SMB customers are pitching benefits over and above just energy efficiency. A few examples are as follows-
Ø Retail: The centralized data of an IoT system can be translated into information that is critical for shop owners. Occupancy and environmental data provides insight into the consumer experience: How long do shoppers stay what route do they travel, and how long do they wait for help? These are evidently non-energy benefits, but impact retail customers’ bottom lines. Even though the IoT solution may help optimize the environmental conditions as they are energy efficient, the cost savings on energy bills are only amplified by longer or more streamlined customer experience.

Ø Small and medium-sized office buildings: Energy efficiency is foundation of calculating intelligent building ROI. Fewer kilowatt-hours used mean fewer dollars spend on those monthly utility expenses. There is an important soft ROI for IoT-enabled solutions for office areas, albeit a squishy metric of productivity. There are many use cases for intelligent lighting controls, HVAC optimization, and indoor air quality that tell the story of enhanced worker productivity.

So, finally who can make use of the report generated out of IoT system?
Lighting and light controls vendors
Commercial building owners and managers
Builders and engineering companies
Electrical utilities
Energy service companies (ESCOs)
Standards development organizations
Investor community
It’s the simple narrative that happy users are more fruitful. The IoT system provides the data-driven insight to create the necessary environments to increase customer satisfaction.

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