Although they are not a new phenomenon, the Internet of Things (IoT) has grown in popularity in recent years due to greater accessibility and affordability. Many industries are beginning to use IoT so they can improve efficiency and make better business decisions.
An IoT ecosystem is a system of interrelated computing devices that can connect and exchange data with other devices and systems via the internet. They are commonplace within smart buildings as they can be embedded with sensors, processing ability and software. These devices can communicate with one another and act upon the information they receive without the necessity for human intervention. In terms of Twinview, (connecting different systems together/all your data in one place) IoT can integrate with artificial intelligence and machine learning to streamline data collection processes and make them more dynamic.
IoT will play a pivotal role as our world becomes more digitalised no matter what industry. In terms of the built environment, IoT helps people to live and work smarter. It is essential to the modern business by providing them with real-time insights into how their systems are working such as the performance of assets.
It is the key to reducing operational costs and improving efficiency within buildings due to its ability to offer remote control and the automation of processes. As technology advances, IoT will continue to flourish.
The benefits associated with IoT implementation are vast. Many companies are increasing the rate at which they implement IoT in order to improve their overall operations and reduce costs.
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 ensures a useful way to reduce a building’s energy consumption as well as maintenance and operational costs. Twinview utilises sensors throughout a building enabling property owners to collect data at building level in order to regulate systems such as air conditioning and lighting in real-time, essentially optimising the environment.
Twinview continuously monitors and predicts outcomes by pre-empting repair and maintenance issues allowing facility managers to act before tenants notice any problems. The use of sophisticated artificial intelligence ensures building operators can learn when assets are due to break down, enabling them to arrange maintenance on multiple assets at once when it is most cost-effective and convenient.
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