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How do IoT-driven construction sites gain efficiency and save money?

By Construction Tech Review | Friday, September 20, 2019

If you work for the construction sector, facilities management, hospitality, or retail industry, it's time to shuffle up and adopt IoT technology, about its advantages and efficiencies that help the industry to gain success.

FREMONT, CA: Internet of Things (IoT) technology is gaining interest these days. Although the smart construction building initiatives have been underway for some time in the commercial real estate, the movement has gained attraction with the upcoming IoT technology. Construction and facilities management professionals realize the cost, efficiency, and energy-saving benefits of adapting and installing IoT sensors, switches, and analytics to make buildings digitally smarter. Here are different ways IoT innovations have begun to change the smart building.

Asset digitization

The rapid ability for IoT sensors help attain the data in real-time about critical HVAC assets like chillers, cooling towers, and rooftops units (RTUs), and also critical information about the fan speed, vibration and flows rates, compressor run times, and the total energy consumption.

AI and Big Data

The potential for the inexpensive wireless sensors to manufacture an actionable intelligence that can be used for predictive maintenance has vast implication for the building managers and the owners. Having ongoing data about various HVAC assets, for example, allows them to take proactive measures to prevent emergency outages and eliminate the need for repair costs down the line. It’s a welcome change from reactive maintenance that can save businesses anywhere from 12 to 18 percent.

Energy Efficiency

IoT enabled monitoring of electric, water, and gas meters is not only a vast improvement on the manual meter reading. It also provides the ability to control energy usage throughout a building. The energy savings can also be enormous.

IAQ

Research has shown that poor ventilating and air quality in an office building can have a major effect on workers' concentration and productivity. Poor air quality can also cause serious problems related to the health of workers. It can cause nausea, headaches, nasal irritation, and breathing difficulties. Indoor Air Quality (IAQ) monitors in real-time. The IoT sensors help the building managers and the owners to evaluate temperature, relative humidity, and carbon dioxide level in the office, and thereby take effective steps to improve them.

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