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Why are Businesses Betting Big on Smart Building Technology?

Construction Tech Review | Monday, September 06, 2021

To assist businesses strategize about methods to cut running expenses on a hot day, smart building analytics platforms can factor in data from utility companies and meteorological data, as well as the building’s HVAC operational data.

FREMONT, CA: One has probably heard the term ‘smart building’ a few times as a building owner or facility manager. Like many other things that have become smart in recent years, smart buildings are all about providing people greater control—in this case, control over the environment and operations of the building. Imagine relocating occupants out of space if particulate levels rise or saving thousands of dollars on the electricity bill just by operating the HVAC more strategically. These acts yield real outcomes that are extremely helpful to the occupants, the profitability, and the environment.

Smart buildings employ Internet of Things (IoT) devices—sensors, software, and online connectivity—to track various building attributes, analyze data, and derive insights about usage patterns and trends that may be used to improve the building’s environment and operations. While smart technology allows one to control the building, it is much more than merely sophisticated ‘command and control’ methods (like the Building Management System or BMS).

Here is an example of smart building technology versus a regular BMS to give a better idea of what it is:

A BMS can be set up to turn the building’s HVAC system on and off at predetermined intervals throughout the day based on established temperature levels.

One can have more control over how they operate the HVAC system thanks to smart building technology. Sensing CO2 levels in real-time can guide the BMS to turn the HVAC on and off as required throughout the day. The technology automatically reduces the outside air intake if CO2 levels are within building requirements. It draws in more outside air if CO2 levels are approaching the limit. To assist businesses strategize about methods to cut running expenses on a hot day, smart building analytics platforms can factor in data from utility companies and meteorological data, as well as the building’s HVAC operational data. With this level of control over the HVAC system, one can save energy and money while still keeping the occupants comfortable.

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