The world’s buildings are significant consumers of energy. Residential buildings alone account for 40% of energy use. Commercial buildings, including offices, retail stores, schools, hospitals, shopping malls, and hotels, among others, use approximately 30% of energy resources on average.
With the growing number of energy regulations and certifications, the demand to reduce energy consumption and greenhouse gas emissions as well as the business need to combat rising energy costs energy efficiency has become an important aspect of building management.
This evolution has earmarked the global building energy management systems industry to reach $9.32 billion by 2023.¹ And advances in Internet of Things (IoT) technologies will further fuel and change the industry through smart building energy management systems. Here are three ways smart technology is changing building management.
1. IoT Sensors Provide Better Data for More Effective Energy Efficiency Strategies
Smart building energy management systems built on IoT technology have become the heartbeat of smart buildings. They go beyond more traditional building management systems that monitor and control a building’s power-sourced systems – think lighting, HVAC, air ventilation, elevators, room equipment and more. Instead, these systems use IoT sensors to collect, analyze and translate energy data into information that can be sliced and diced to make educated, actionable decisions that will improve energy efficiency.
Dynamic data on energy consumption can be combined with other connected sensors and devices that collect data on local weather, street traffic and more, helping building managers automatically adjust building temperature, ventilation and lighting. HVAC and other systems can be optimized for energy savings without sacrificing comfort for those working or living within the building. Such steps can return a 25% reduction in operating costs.²
2. Smart System Data is Improving Business-Level Decisions
Backed by connected technologies, smart building energy management systems can integrate data collected and analyzed from the building’s energy-based assets into larger enterprise systems and infrastructures. In turn, the data can be used to help organizations make intelligent business decisions that can create process and cost efficiencies that go beyond energy.
For example, Navigant Research explained integrating this data at a strategic level can help “inform IoT use cases such as occupancy data for space utilization, location data for behavior analytics in the retail sector, security and access control via smartphone applications, and more.”³
3. Connected Devices Are Expanding Energy Management
Our world of ever more connected devices and sensors is expanding building systems and enterprise assets beyond the traditional definition of energy. This includes a wide range of building systems from smoke alarms, security cameras, motion detectors, secured entrances and more. Connecting these components to a smart building energy management system with IoT devices not only expands the range of management systems, it also increases the potential for energy savings.
Improve and Protect Your Building with a Smart Building Energy Management System
Building energy management systems built with IoT technology are the next stage of energy efficiency for commercial facilities. They can help you reduce energy use and cut utility bills, providing higher ROI faster than traditional systems.
Research your options for a building energy management system and the best way to connect it to the infrastructure you already have. Finally, consider security before buying. The right cyber protections will help ensure the data collected by your energy management system is secure and transmitting in real-time.