THE INTERNET OF THINGS (IoT)
The Internet of Things, is it the next revolution of the century? From the amount of people already connected and using it, without knowing it, the IoT is a major industry just waiting to explode. The Internet of Things is a simple concept; any object where an interface and processor can be installed and connected to the internet can be classified as part of the Internet of Things network. One possible feature for car keys with the IoT is if you’ve set your keys in an odd spot, the keys could notify you where they are. No more searching for an hour to find them because you didn’t leave them on the key ring or the cat knocked them off the counter. The keys could tell you exactly where they are.
HOW THE CONVERGENCE OF IoT AND IAQ HAS INFLUENCED ENERGY EFFICIENCY PRACTICES
Energy costs in commercial buildings is reaching record highs due to a host of factors not limited to increased competition, boom in technology initiatives, increased use of HVAC systems, lighting, and other building control systems. To put it into perspective, a commercial building consumes 90% of the 75% of the electric form of energy in lighting, office equipment and HVAC systems.
THE IMPACT OF THE IoT ON ENERGY EFFICIENCY
IoT for everyone
One distinct benefit of the IoT is that it's generally available to every area of the economy, and this particularly holds true for energy efficiency improvements. Connecting devices, gathering data and personalizing the technology is the same basic premise of the IoT, regardless of whether we’re looking at a large commercial office tower, a medium-sized apartment building or a single-family home. The IoT’s scalability results in energy efficiency benefits for all.
IoT OPENS DOOR TO ENERGY EFFICIENCY - NOT JUST IN LARGE BUILDINGS
Large building owners have been investing in intelligent building technologies and leveraging these data-driven solutions to reduce costs, improve operational and energy efficiencies, and achieve broader corporate objectives like sustainability. Small and medium building (SMB) owners, on the other hand, often struggle to maintain profits and sustain slim margins with more traditional approaches. Most of these smaller buildings lack the technology to generate the kind of data that ties energy consumption to operational and bottom-line performance. As a result, there is a lost opportunity for these business owners. The Internet of Things (IoT) concept, however, is changing the conversation around building management and delivering impressive results. There are three ways that IoT is opening new doors for SMB energy efficiency and business improvement.
BENEFITS OF ENERGY MANAGEMENT
Companies with energy management programmes generally achieve far greater savings than those without, because they review and manage energy use across the whole organisation, on an ongoing basis. The savings go straight to your bottom line which can free up your capital for other things like business development.