Smart devices are now a part of everyday life. They can interact and share data automatically, making life easier. Retailers have already acknowledged the multiple benefits the loT offers in their industry, but can the loT have a significant impact on other sectors? The answer is yes, absolutely. In particular, the loT provides a multitude of benefits for facility management.
The connectedness of the IoT and its ability to monitor energy, predict maintenance needs, track inventory, and more is starting to draw attention in the industry. Let’s explore some these benefits and how they can impact facilities.
How the loT is Making Buildings Smarter
Smart building technology is expected to grow 34 percent annually over the next five years. That means by 2021, the total market for loT integrated smart buildings is predicted to be $24.17 billion. With the investment of that amount of money, smart buildings must offer a vast amount of benefits to companies. And they do. For example, the loT and smart buildings allow predictive maintenance in many forms.
The loT receives data from multiple building functions to predict maintenance needs. By processing past and present usage, apps can identify problem areas and correct them automatically, or alert facility management teams of any potential issues in advance. Predictive maintenance like this isn’t limited to a single building function, either. For instance, IoT connected devices can monitor and communicate data from HVAC systems, lighting, elevators, and more. which saves more than just energy; loT predictive maintenance is estimated to save a company 15 percent of their capital asset spending.
loT and Simplifying Facility Management Problems
Smart buildings with loT capabilities not only predict maintenance needs, but they also diagnose and locate current maintenance issues. With every facility device reporting […]