IoT Reshapes Traditional Property & Building Management

With Gartner predicting the number of smart objects to reach 25 billion worldwide by 2020, and Machina Research estimating the global Internet of Things (IoT) Market opportunity to reach USD 4.3 trillion by 2024; it’s no wonder that the IoT is the new trending buzzword. Considered to be the most innovative technology concept since the Internet itself, IoT promises to change the role of technology in everyday life.

Simply put, IoT is the concept that interrelated devices, machines and objects can connect and communicate with one another, exchanging information and data over the Internet, without human-to-human or human to computer interaction. A Gartner press release published last year mentioned that “IoT deployment in commercial buildings will continue to grow at a rapid pace over the next few years, and will reach just over 1 billion in 2018.”

That’s all great, but what does it really mean for building and property management?

IoT AND THE CONCEPT OF CONNECTION 

At the very core of IoT is connection and the ability to connect smart gadgets/devices/sensors through the Internet without the need for human intervention. This creates new ways for us to connect and engage with everyday objects and tools – from cell phones to washing machines, gadgets, printers and sensors. Imagine if your cellphone calendar could synchronise with your GPS and your car would know where you have to be on any given day. And what if your laptop would automatically order flowers for your wife’s birthday and your home appliances could start cooking dinner before you arrive home.

In the case of commercial and residential buildings, IoT connects property owners, managers and tenants to data. More specifically, the IoT devices and sensors placed in buildings and on assets, provide property managers and owners with information about their buildings’ status and performance, as well as space and energy usage patterns.

For instance, smart sensors and devices can provide property managers and owners with information about their building’s ambient temperature, potential problem areas for flooding, temperatures coming out of HVAC units, office lights, desk and office usage and so much more. This information is important because it enables property owners and building managers to take data-driven, performance- based decisions to cut costs, reduce risks and improve their building’s space utilisation and energy consumption.

While traditional building management systems rely on hard wired points, are expensive to install and difficult to modify once in place, IoT smart sensors are incredibly easy to install and can be moved from one location to another seamlessly. Small, sleek and powerful, these smart gadgets have clear benefits:


1.INSTALLED IN MINUTES WITH NO SKILL OR EQUIPMENT REQUIRED

Leveraging IoT, Urbanise Smart Sensors can be retrofitted into any building or facility within minutes. When combined with Urbanise’s remote monitoring technology (or integrated to a 3rd party solution), sensors trigger the automatic creation of jobs and tasks based on environmental factors (eg: a cooling fan is vibrating outside acceptable tolerance so a technician is despatched). This means that sensor technology can be used in locations that were previously inaccessible or on ageing assets with no condition monitoring. And it gets better. These Smart Sensors can be commissioned from any smart phone, without special training or equipment, with one touch commissioning services.

2.SMART ALERTS SPEAK DIRECTLY TO MAINTENANCE TEAMS

Not only do smart sensors offer instant visibility of building health but they also monitor asset performance and raise alerts as soon as irregular behaviour is detected. Field staff are automatically dispatched to effect repairs before a failure event occurs – preventing significant business interruption and ensuring higher system uptime without the need for dedicated onsite support.

3.BUILDING AND ENERGY PERFORMANCE

Instant access to temperature, humidity, vibration, flood, meter count, motion, light, voltage and numerous other metrics helps track building usage patterns including energy consumption within units, buildings and across building portfolios. This insight helps optimise energy consumption and associated operating costs.

4.ULTRA SAFE DATA TRANSFER

With concern about IoT data safety; Urbanise Smart Sensors offer a secure alternative. The wireless sensors use low frequency radio technology to connect to nearby 3G gateways which in turn send data to the Urbanise cloud-based Platform via a mobile telephone network– ensuring safe data transfer.

Urbanise offers the only comprehensive property management solution that leverages cloud technology and IoT to deliver advanced building operations and 21st century customer service to buildings and communities.

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