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Feb 14 | Insights

Why does my building need IoT?

Why does my building need IoT?

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.

How does IoT work?

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.

Why is IoT important?

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.

What are the benefits of IoT?

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.

  • Improved productivity of staff – Mundane tasks can be automated ensuring staff can focus on more complex tasks that require human resource. This can lead to reduced costs and increased profits.
  • Efficient operation management – The interconnected nature of IoT devices offers automated control over a range of operational areas such as inventory management.
  • Better use of resources – Automated scheduling leads to the higher efficiency of resource and asset use such as improved power management and water consumption.
  • Cost-effective operations – By reducing downtime periods with automatically scheduled maintenance, companies can achieve high production rates which result in more profit. IoT can facilitate management within individual departments or across a whole enterprise.
  • Improved safety – Scheduled maintenance is greatly advantageous when complying with safety and operational regulations. Environments that promote safe ways of working can make a company more attractive to stakeholders. Technology can also reduce the risk of human error during many stages of building operation.

Why does my building need IoT?

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.

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 is committed to delivering value and making a positive difference to your business. Learn how Twinview can optimise operational performance, reduce carbon, increase productivity and improve space utilisation.
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