First off, what is a Smart Building? It is a network-enabled building management system leveraging a number of sensors connected to internal equipment, that helps automate building operations. People spend most of their time inside buildings whether it’s their residences, offices, factories, academic campuses or hospitals. IoT connectivity is leveraged in smart buildings and integrated with automated access control, security, lighting, HVAC systems, advanced audio/visual systems and more.
Smart Buildings are bringing people together in the digital workplace. Before your company joins the Smart Building bandwagon, here are a few benefits and pitfalls to be aware of.
- Reduce Cost / Increase Profitability. A properly implemented smart building solution should have a strong ROI component. You can now perform maintenance as needed as opposed to on schedule and will typically know about an issue before it hits critical mass. This reduces your ongoing maintenance costs and prevents any type of internal productivity loss due to unavailable resources.
- Increase employee comfort. Smart buildings will make it easier for your employees to do their jobs more efficiently while increasing their productivity. Employees will have easy and secure access to offices, be able to see which conference rooms are available for meetings and even buy their lunch by simply waving their phone across a contactless payment terminal.
- Increase Safety and Security. These days safety is at the forefront of employers and employees’ minds. Smoke detectors will not only go off but pinpoint the danger zone and provide the safest route to leave the building. Cameras strategically placed within your facility will increase security while enabling footage to be downloaded to your laptop in mere minutes.
- Strategy. Proceeding without a solid strategy. Implementing a Smart Building strategy is important but remember to take baby steps. Rome wasn’t built in a day!
- Security. Make sure you deploy your solution to a standalone LTE enabled network, and do not hook into internal networks. This limits your risk and reduces demands on your internal IT staff.
- Humans + Technology. Always remember to put your employees first. Understand what will make them happy and more productive. Make sure once your strategy is in place that your employees are ready for this change and know how to interact with it and/or have the proper training to utilize the new systems.
- Metrics. Measuring your savings and facilitating a way to do this before fully enabling your connectivity is important. Would you jump without making sure your bungee cord was fastened correctly? I don’t think so.
- Flexibility. Technology is ever-evolving. Ensure your Smart Building initiative(s) are flexible so that you may make changes to the system in the future.
And, if you think things may slow down, you couldn’t be further from the truth.
According to the Statistics above, by 2020, the IoT enabled smart building market is expected to reach almost 31 billion US dollars in revenue.
Technology is moving at an optimal speed and Smart building’ capabilities that we know of today will exponentially grow even more in the next few years!
Wireless Analytics is here to bring your IoT Product to market. We will help you drive every part of the process from start to finish, ensuring it’s launched on time, under budget and more importantly, with risk mitigation in mind. Our subject matter expertise crosses every vertical market. Contact us today for a Product Consultation or a go-to-market strategy session for your IoT implementation today!