Smart
Building

Smart metering & Building automation

In every facility, utilities like electricity, gas, and water are some of the greatest operations expenses. Smart metering enables facility managers to remotely monitor utility meters and submeters. This empowers businesses to analyze usage patterns, identify wasteful consumption, and detect anomalies. Depending on how it’s structured, smart building IoT can even isolate problems to specific pieces of equipment or infrastructure.

Smart submetering also enables landlords to charge individual tenants for their energy consumption. Each submeter records and transmits the corresponding unit’s energy usage, making utility billing simple and fair in multi-tenant housing.

This reduces ongoing costs and helps businesses quickly recognize and respond to failures like burst pipes, open valves, electrical failures, and gas leaks. Whether a malfunction or human error is to blame, facility managers can solve the problem before it leads to significant waste.

Read more about our solution for Smart Metering.

Occupancy management
& Failure detection

Increasingly, companies are investing in IoT for space management purposes. Light Detection and Ranging (LiDaR) strips and blurred vision cameras with IoT sensors help managers and administrative staff measure space utilization, detect overcrowding, and optimize their space according to what employees need and how the facility actually gets used. With better occupancy analytics, companies can repurpose underutilized space or even downsize their real estate portfolios.

Failure detection

Installing IoT sensors on critical systems and equipment empowers facility managers to detect failures the moment they happen. IoT-enabled devices can identify power outages and surges, leaks, and other issues that result from malfunctions, then send alerts and troubleshooting recommendations through an application.

Predictive maintenance

Maintenance is a major challenge for modern facilities, but smart buildings are solving this tenance. Using sensors to measure each asset’s performance in real-time, facility managers can detect when equipment and machinery need maintenance before there is a failure. Unlike preventive maintenance, which operates on a predetermined schedule, predictive maintenance only initiates maintenance procedures when they’re needed.

Preventive maintenance can greatly reduce unscheduled maintenance and equipment failures. But it also leads to wasteful usage of maintenance resources. You do the work according to the schedule, even if everything is still in peak condition. Predictive maintenance minimizes downtime by ensuring that it only happens when an asset needs to be cleaned, repaired, maintained, or replaced based on its performance.

Since there are countless types of assets and equipment that are often unique to different industries and kinds of facilities, this is arguably the aspect of smart building IoT that has the most room for innovation.