Cut office costs drastically with smart technology solutions

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Buildings are notoriously inefficient and expensive to run – they’re responsible for a massive 40% of global energy consumption and 33% of greenhouse gas emissions. 

Office buildings across five UK cities are losing £60 million in wasted energy every year, and it’s estimated that buildings across the US waste as much as $100 billion on fossil fuel consumption annually.

Luckily, with the right technology, it’s actually relatively easy to make buildings more efficient. There’s loads of smart tech out there, but we’re most interested in the use cases that drive building efficiency and bring the biggest value to customers. 

In this blog post we dive into three solutions that generate a big return on investment: occupancy monitoring, energy monitoring and predictive maintenance. 

Make better use of office space with occupancy monitoring

Occupancy monitoring uses smart sensors to gather data about how your office space is being used. It’s a very easy and cost-effective way to get a lot of accurate information about your building’s usage.

Having access to real-time data takes away the need for guesswork, providing facility management teams with a complete overview of space utilization. Historical patterns can then be used to forecast future growth, ensuring occupancy remains at an optimal level.

All of this avoids office space being wasted – something which could save businesses around the world a whopping $1.5 trillion in reduced rental costs.

Improve efficiency with energy monitoring

Office space is underutilized by 30-40% on a typical day, so energy is wasted despite some areas being completely empty. Energy monitoring quickly gives companies a complete picture of their usage, allowing them to take steps to reduce consumption.

Once energy meters are installed, you can monitor usage trends from an individual device, a floor, or an entire building. And this provides granular detail, both real-time and historic, around consumption so that action plans can be developed to improve efficiency.

Energy monitoring solutions reduce consumption by 20 to 30%, equating to annual savings of thousands – or even hundreds of thousands of dollars – depending on the size of your business.

Reduce downtime with predictive maintenance 

Predictive maintenance is a very effective type of condition-based maintenance that uses sensors to monitor the condition of assets, predicting  when they will require maintenance.

With time-based maintenance, organizations run the risk of performing either too much or not enough maintenance. And when it comes to reactive maintenance, maintenance is performed when needed – but at the cost of unscheduled downtime. 

Predictive maintenance solves these issues, as maintenance is only scheduled when specific conditions are met. Equipment failure is therefore prevented – an absolute win-win for everyone involved when it comes to saving both time and money.

The numbers speak for themselves: having a robust predictive maintenance program in place can reduce breakdowns by 70%, reduce downtime by 35-45% and reduce maintenance costs by 25-30%.

It’s time to cut your office costs with smart technology solutions

With the right technology in place, it’s easy to make your office healthier, more efficient and more sustainable – all while saving you money.

Get in touch with us today to find out how we can help you to create a data-driven office that’s fit for the future.