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07 Jul 2021 | Industry Insights

Leveraging IoT to create value through efficiency

The utilisation of data through connected systems can drive efficiency within the real estate sector.

Tried and trusted methods of achieving cost savings and operational efficiency are no longer fit for purpose with the rise of IoT and its increased accessibility and affordability. 

Building Management Systems (BMS) are an established feature of the commercial real estate industry and when integrated with IoT technology, it can enhance building performance as well as improving portfolio and liquidity management. 

Integrating IoT with BMS can be a useful way to reduce energy consumption, maintenance and admin costs. Twinview’s use of sensors enables property owners to use the data collected at a building level to regulate things like air-conditioning and lighting in real-time, optimising the environment. Research vice president at Gartner Inc, Bettina Tratz-Ryan, said: “Especially in large sites, such as industrial zones, office parks, shopping malls, airports or seaports, IoT can help reduce the cost of energy, spatial management and building maintenance by up to 30 percent.” 

The continuous monitoring and predictive capabilities of IoT-enabled buildings can pre-empt repair and maintenance issues so building managers can take appropriate action before a tenant notices a problem. Twinview uses sophisticated artificial intelligence to predict when an asset will be due for repair, not when it is on the verge of breaking down. This will allow the facility manager to arrange maintenance on multiple assets at a time that is most cost-effective and efficient. According to a Johnson Controls survey of the company’s Building Efficiency Panel, 70 percent of respondents believe that the ability to predict and diagnose problems and provide or propose solutions will be a ‘game changer’. 

Twinview is a browser-based digital twin platform for the property sector connecting building systems’ data to a 3D model viewed on a single dashboard. Twinview becomes your first step to achieving Net Zero by providing continuous live data and an optimised building performance whilst reducing costs and improving the user experience. Book a demo today.