TMCnet Feature
August 10, 2020

Benefits of a Smart Building Over a Normal Building

With the evolution of new technology such as the Internet of Things (IoT), our world is making great leaps in efficiency. One of the most prevalent areas of advancement is in building management. This technology has allowed the development of smart buildings, which when compared to older buildings are far more efficient, productive and secure.

A smart building uses IoT to control, monitor and report on a range of systems such as lighting, security, heating and cooling, ventilation and much more. Being able to direct energy where it’s needed most is one of the reasons smart buildings are so attractive. Here’s some of benefits of a smart building.

Reduction in energy use

The energy costs associated with running a building are huge, but smart buildings use much less power. This is due to better delivery of services and smarter energy consumption. Obviously, the savings will vary depending on the size of the building, but you’ll certainly see a reduction in energy costs for all smart buildings.

Smart buildings also have the capacity to generate renewable energy such as solar, and distribute it more effectively. In turn, this saves plenty of money by accessing the national grid less often.

Predicting maintenance requirements

All building systems need regular maintenance, and building owners understand these costs. However, the unexpected costs come when maintenance is neglected and more complex issues arise. For example, if your heating and cooling system required significant repairs, the cost would far outweigh that of keeping up with regular maintenance.

In a smart building, however, the performance reporting available to building managers can alert them to maintenance requirements before an issue arises. With preventative maintenance, you can save a fortune on costly repairs.

Increased building efficiency

Smart buildings use IoT technology and sensors to control several normal building functions, such as temperature, security and lighting. This means the building will automatically operate these things without human intervention. For example, the lights can be turned off in an entire section of the building until a sensor detects movement in the area. Efficiency increases drastically with IoT technology.

Better decision making

The data and reporting available from a smart building’s management system is easy to understand and extremely informative. Not only can building owners use the data themselves without hiring costly analysts, but they can make better decisions as a result.

Increased tenant retention

Smart buildings are more efficient, more comfortable, and even allows tenants to be involved in the reduction of energy consumption. But most of all, the building is more comfortable, promotes higher productivity, and tenants are happier. When your tenants’ health and safety needs are being met with better technology, they’re far more inclined to stay.

On the flipside, if tenants do move on, finding new ones is far easier because businesses are now understanding the benefits of being in a smart building.

As you can see, the overall benefits are significant. With a smart building software company supporting the access, control, monitoring and decision making for key building systems, the future is looking bright.

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