What are the Benefits of Smart Building

Modern building technology installations can be a challenge to calculate a return on investment and are often seen as a major factor for slower-than-expected adoption. Smart building systems employ a wide range of technologies to encompass various building issues and determining the economic benefit and practical use can vary from project to project. Organizations calculating the ROI of advanced building technologies achieve accurate numbers by a proper technology consumption model. Investment costs Multiple costs are associated with determining the estimated amount for hardware, software, licensing and installation during the implementation of the projects. The costs can entail additional expenses to run more electricity, or improve wireless connection or Ethernet cable. A technology-integrated partner can be beneficial for the industry in calculating costs and completing operations within a day. Determining operational costs and benefits Licensing and maintenance of the technology is important because the life span of the building technology stays from five to ten years before a major update is required. Maintaining the system’s functionality and compatibility can increase the lifespan of the technology. The estimated costs after the maintenance process provide benefits for the investment divided into direct and indirect. ● Direct value: It depends on the implementation of tech to reduce consumption like water, energy and other utilities. The estimate is calculated based on the overall usage and operational hour costs by simplifying and automating tasks. ● Indirect value: This is calculated by the specific use of technology, which can increase property value and housing rates by meeting different regulatory standards. Accuracy to meet the estimates Operational costs can be overestimated when calculated inaccurately. Outsourcing the operations of the smart building technology is an accurate way to improve figures, which allows organizations to stabilize the expenses of system management and provides predictable expenses. A managed service provider (MSP) is well-versed in overseeing the lifecycle of technology resulting in lower operational costs during the operations and can be performed in-house which can be beneficial for the organizations. Perks of Smart Building Technologies Organizations can implement different techniques for additional benefits that impact the building’s bottom line. Optimizing space usage can save costs with data and analytics which can also improve employee satisfaction by creating a comfortable working space, inducing productivity and contributing to ROI. The advanced technologies increase recruitment facilities and focus on employee well-being, creating profits for the organizations. ...Read more

FREMONT, CA: Traditionally, the construction sector had been slow to integrate change into their business models. Lack of IT skilled staff, employee's uneasiness in using technology are pulling back the industry from embracing technology. A report by JBK points out that only 24% of construction employees are very comfortable with new technologies and 39% of companies lack IT, staff. However, early adopters realize the benefits of implementing new technologies—a strategic long term asset—as they look to gain an edge on their competition. And now, emerging technologies are making strides in the field of construction, and smart builders will soon sophisticate themselves. Read on! •  Internet of Things As there is a continued rise in the adoption of data-driven technology in construction, there are innovations in how this technology is harnessed to create efficiencies. Sensors on a connected worksite can create enormous opportunities for collecting and managing data on safety, material performance, and operational workflow. Smart devices, wearable, sensors and on-site cameras can be tied into construction management software and give a much more in-depth picture of progress and real-time reporting. •  Artificial Intelligence (AI) and Machine Learning (ML) AI and machine learning in the construction domain is going to become critical players for collecting and analyzing multiple sources of data from the digital workflow. Trained AI can categorize data rapidly than a human, reducing the time needed to get the complete picture of issues on a site. Machine learning is creating opportunities by aggregating visual information from job site cameras and uses AI to tag potential risks and safety violations. •  Virtual Reality and Augmented Reality Virtual reality facilitates real-time comparison of 3D models to physical spaces, overlay of location and position data during installation, and virtual walkthroughs with project stakeholders. VR and AR tools are also reducing error and increasing safety. It can be used to enhance the precision of complex installations and is opening up a new world of opportunities for collaboration between designers and builders. •  Autonomous Equipment Automation and robotics are providing more excellent safety and efficiency in construction. Sending a drone to inspect a site saves time and keeps the technician on the ground instead of navigating the potential hazards of a construction site. The drone can generate a 3D model of a site that allows calculation of area, the volume of earth to be moved, and other information that if done manually requires several human hours. Connected digital workflows redefine collaboration, allowing stakeholders and owners updated up to the minute information on project status and decisions. What the world is witnessing is a blend of old and new, as moving into the future as an industry. ...Read more

We are excited to invite you to the Number 13 th presentation by Christopher B. Willis, MSE, for digital supply chain/value chain transformation for optimizing business and industry ROI optimizing performance, value and growth. Join us for lunch to learn the value proposition of next generation industrial marketplace for stakeholders, investors, and customers for the Future of Web3 Industrial Internet connecting B2B and B2C Supply Chains for the Value Chain future-the solution for today’s challenges as production lags finished product distribution by our estimation, 13 years. Join the revolution for optimizing ROI exposed by recent challenges. Event Details: 📅 Date : November 13 th , 2024 ⏰ Time : 11:30 AM (CST) – 1:00 PM (CST) 📍 Location : Metro Tech EDC Room 123, 1700 Springlake Drive, Entry 13-Oklahoma City, OK 73111    Virtual: Register now to attend or watch via YouTube Live at https://lnkd.in/ekyamJWG . 🎟️ Ticket Price : $50 / each How to Participate: ● Purchase your tickets: https://ovf.org/event-5767322 ● If you’re unable to attend but still want to inquire about Gogolean Supply Chain Intelligence, a helpful link is: Gogolean Video Demos - Gogolean  for Value-added Video Demos and Contact Us: support@gogolean.io. Who Is It For: ● Commercial, Industrial, and Multifamily Business & Industry Construction and Real Estate Stakeholders plus Fleet, Third Party, Private Equity and Capital Finance and Insurance Stakeholders. ● B2B, B2C, and End Customer Supply Chain Infrastructure for Building the Future of B2B2C All-In-One Business & Industry Marketplace serving the End Customer. ● Integrated Category Supply & Demand-Side Stakeholders Digital Commerce B2B ‘Business and Industry E-Commerce Market is estimated to be valued at $27.03 trillion. That is over 5 times greater than B2C E-Commerce, as B2B marketplace sales is the fastest growing with 359.8 percent over the past 3 years. Digital 360 Commerce’ conveys  B2B E-Commerce Marketplace projected growth to exceed $2 trillion in 2024 .  Past 3 years  the  annualized growth rate  ranged  between 17 to 19 percent  via B2B ecommerce.  Let’s transform and revolutionize industry together to the next generation. This is just the starting point as we have strategic product roadmap for scaling blockchain, integrating supply and value chain stakeholders, Artificial, Business, Industry, Supply Chain and Employee Intelligence along with Machine Learning for the Digital and Omnichannel procurement future with our 18-interconnected value chain roadmap. We look forward to seeing you there!   ...Read more

Smart buildings increase productivity and work efficiency while lowering operating costs.  A smart building is a structure that incorporates modern technology such as connected sensors, IoT devices, AI or building management systems to collect and relay data, enabling real-time monitoring and control of building systems. Transforming properties into intelligent buildings can benefit both the property owner and the building's inhabitants. Advantages of smart building Decreased energy consumption and energy bills: Turning one's building into a smart building, which optimizes building performance based on real-time data insights, can drastically reduce energy consumption and energy bills. Smart buildings accomplish this by implementing energy-efficient lighting, heating, and cooling systems that are optimized depending on occupancy patterns and real-time data. For example, if a room is unoccupied, the lighting and HVAC systems can be adjusted automatically to save energy. Furthermore, by identifying areas of energy waste, building managers can make efforts to minimize consumption and lower energy costs. This not only benefits the bottom line but also helps the environment by lowering carbon emissions. Predictive maintenance and reduced risks: Smart building technology offers predictive maintenance strategies, drastically minimizing downtime and the likelihood of equipment failure. Building managers can identify possible concerns and take preventative action by monitoring equipment performance in real time. Predictive maintenance also decreases the need for emergency repairs, which may be costly and inconvenient for building residents. Building managers can reduce downtime and ensure peak performance by addressing equipment concerns ahead of time. Diminished operational costs: Smart buildings can save money on both energy and operations. It requires fewer maintenance and manual interventions since they use real-time data to enhance building performance. This leads to cheaper labor expenses and fewer downtime problems. Furthermore, automated building management systems can improve operations by reducing the need for manual intervention. For example, building managers can remotely monitor and operate building systems from a central dashboard, avoiding the need for on-site visits and manual modifications. IoT technology enables digital services that help businesses comply with government regulations. Enhancing the security of one’s building: Smart buildings can improve building security in various ways. IoT devices, such as cameras, motion sensors, and access control systems, may monitor and regulate building access while identifying and responding to possible threats. BMS systems can also identify and notify building management of unusual activities, such as changes in temperature, humidity, or air quality, which could indicate possible security issues. Smart buildings can also automatically respond to security threats, such as locking doors and setting alarms. ...Read more