Smart Buildings Are the Solution for Cutting Costs and Boosting Business


We live in an age where more and more people are migrating to live and work in cities and this means that buildings in cities are under pressure to operate as efficiently as possible. Smart buildings that wholly embrace the Internet of Things (IoT) look like the way forward in order to achieve this goal.
The Internet of Things can have huge implications in both the construction process of the building and the operation of the building once it is complete. It can save energy, re-engage workforces, boost investment and improve sustainability. But, how does it all work and how can we use it in our buildings?
Formerly, the most important thing for a business headquarters was location. Nowadays, this priority is competing with operational efficiency for the top spot. Investors, government and the urban population all want to see buildings comply with environment regulations as well as going above and beyond to be efficient. It is clear that smart buildings are the way forward.
So, what is a smart building? A smart building uses an automated system to control its processes. This would be the IoT. It will control lights, heating, power outlets and more. What’s more, the system is integrated and will collect data, which can then be analysed with regards to usage and then used to reduce energy waste and maintenance costs. It will indicate when more power is needed and when some power outlets can be switched off. This will ensure that the building is running at maximum efficiency. The value of using a system like the IoT is invaluable and could save over $6 trillion by 2025 according to McKinsey Global.
But smart technology isn’t just helping us operate buildings, it can also help us build them. This technology is already changing the way we design and develop new buildings. Back in 1982 Autodesk developed the first proper computer design system AutoCAD. 36 years on, the software is continuing to develop and evolve in line with new technologies that become available. It now incorporates augmented reality allowing designers to analyse every step of the design process with realistic detail. This allows them to detect any issues or look for improvements before any costly construction begins.
IoT advances means that companies can make their buildings’ operations increasingly autonomous. This reduces costs not just from manpower but also from reducing energy wastage. Furthermore, the integrated connectivity of such a system can react to the needs and requirements of its occupants in order to boost efficiency. Aside from just heating and lighting, IoT can help in a number of other areas. For example, meeting room windows that tint when it is in use or windows that tint according to weather conditions outside could be highly valuable. Indeed, research shows that 82% of millennials said that workplace technology would be one of the deciding factors as to whether they accepted a job or not.

Finally, it is not just companies that will benefit from more efficient buildings. Currently, buildings account for roughly a third of the world’s energy consumption. Building automation would help reduce the amount of energy offices and other buildings consume and help the world in its battle against climate change. 

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