Benchmarking has been a topic of interest and discussion for a long time now. In this blog, we look at what is benchmarking and why it necessary to achieve results. This is part one of our deep-dive into benchmarking. Stay tuned for the next one where we look at how to benchmark for building efficiency!
Are you looking to improve your building or workspace by implementing the Internet of Things?
Internet-connected devices offer sensing, actionable data insights, remote monitoring and automation to make buildings work smarter for the people who own, manage and occupy them...cutting costs and improving comfort, health and productivity. At first, the concept of deploying IoT in your building may seem like a complex, unreachable goal. However, it's more affordable and easier than ever!
You might be able to improve the efficiency of your HVAC system with a renovation and recommissioning, but then you're spending several times more money than you could spend on a smart HVAC retrofit. Additionally, you'll miss out on the benefits of improved system monitoring, scheduling, control and zone customization.
You know you're about to read about the energy cost savings that can be achieved by implementing predictive technologies, but do you know they can also help to boost your top line revenue and operating margin? Consider the fact that more comfortable employees are more productive. More comfortable shoppers and diners tend to stay longer and spend more. Satisfied hotel guests tend to return and may spend more money at your lobby bar or restaurant.
Commercial tenants and consumers increasingly view LEED-certified / green buildings and sustainable business practices as positive differentiators for which they are willing to pay extra. More productive employees and happier customers are revenue positive. Higher wages, other employee/customer retention initiatives and new investments become more achievable as your margins grow, aided by reduced energy costs.
It never seems to end, does it? Half the year, the outdoor temperature is as pleasant as a frozen tundra (speaking for us Northerners). The other half of the year, we must defend ourselves from the onslaught of air conditioning so heavy we get goose bumps sitting at our desks or dining in public. How embarrassing! How revolting.
What's worse is that half the office (ahem, men) usually prefers the Arctic air stream all summer. However, at 6'0" and 150 lbs., I am often on the side of goose bumps. Now that the dog days of summer are upon us, we're fighting back!
When was the last time you performed a diagnostic check on your Energy Management System (EMS)? Have the complaints about heating, cooling or ventilation increased? Are they manageable? Can you see HVAC and lighting schedules and usage on one user-friendly dashboard?
Many buildings use EMS technology created in the 1990s or early 2000s. This limits building management and automation capabilities, exposes your business to avoidable cyber security risks, and frustrates building occupants. You don't have to deal with lackluster EMS performance when cost-effective, smarter solutions are available.