DO YOU KNOW THE ROI ON YOUR BUILDING ANALYTICS?
The data are out there through the multitude of streams available - alongside traditional data sources such as energy meters and the building’s controls network. The explosion of connected devices and the Internet of things has revolutionized the way owners, operators, and consultants interact with the built environment.
Even with the readily available data and control, many executives struggle to maximize the capabilities of their available resources. Simply calculating year-over-year returns don’t capture the potential savings and systems optimizations.
Having all of this information, equipment, and systems can be like owning an exotic sports car. Owning one by itself can be a pretty cool thing. Having that sports car sit in your garage feels like car abuse. But, unless you have racing skills, an appropriate course, and fine-tuning, you might as well leave it in your garage. Your infrastructure resources are no different. Without proper management, they’re simply shiny toys and impressive numbers.
The millions spent on HVAC, Building Automation Systems (BAS), connecting devices, and monitoring systems can be just as stagnant as that garaged sports car. Here are some examples:
18-30% Of every maintenance dollar is wasted
30% Of energy expended is lost
20-36% of useful life of equipment is reduced due to improper service
On the other hand, investing in the optimization of those resources through enhanced software programs and analysts who can translate and sort out the disparate languages and configurations, can quickly pay positive dividends. Connecting to a building’s existing data sources with the right tools and appropriate expertise and enhanced analytics program can yield an incredible 2-4x ROI within the first year alone. Additionally, focused system management can yield:
20-40% Energy Usage Reduction
8-9% Operating Cost Reduction
7.5% Building Value Increase
5%-10% average first year energy savings
50% improvement in HVAC related O&M hours
40% reduction in HVAC related complaints
10% Reduced asset breakdown and lifecycle extension
Improved sustainability scoring and energy efficiency best practice recommendations
While all that potential is inside your walls (literally), can it be extracted that easily? Like most solutions, throwing more money at the problem isn’t necessarily going to yield the expected results. Here are four things to consider.
Do all of your hardware systems need to be from the same brand? Some building intelligence systems require each type of hardware to “speak” the same language or provide data in a consistent manner. If you have several locations or campuses, do they all have the same hardware or generation of hardware?
What will be the impact on your existing hardware? If you’ve already invested in the latest hardware or switching to a new platform will incur significant costs and costs associated with downtime. Often, these conversions incur unanticipated disruptions that can be catastrophic for some operations. Those costs need to be factored in your ROI calculations.
If your systems are not compatible, can your analytics software bridge the gap and translate or reformat the data so that you can analyze the impact of changes to each within your infrastructure systems?
Do you have the personnel to optimize the nearly infinite amounts of data that can now be available? Even if your systems are harmonious or your software can compartmentalize the data, will you be able to properly analyze, respond, and reflect to truly maximize the efficiencies that are now possible.
The good news is that those questions can be somewhat easily evaluated and answered. The better news is that the rewards can far outweigh the effort to find those answers.
Frankly, no one is going to compare infrastructure system automation and exotic sports cars, but saving tons of money, increasing efficiencies, and elevating employee satisfaction can turn even more heads without the whiplash.
How much can enhanced analytics and evaluative expertise save you? Click here for an evaluation.