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A building with increased levels of automation and integration, enabled by advanced electronic and information technologies is smart. All thanks to the ability acquired by IoT devices that collect, process, and analyze the data from different locations within the building.

IoT-powered solutions not only help reduce overall operational expenses by reducing energy consumption but also provide multiple other benefits like reduced equipment breakdown, improved comfort compliances, automatic anomaly alerts, digital ticketing mechanism, etc.

The industrial sector is responsible for more than half (54%) of the world’s total energy consumption. The factories, manufacturing units, and development processes are energy-intensive.

The demand for urbanization is constantly rising. Ensuring this aspect comes with a heavy price - a high level of energy consumption. Every day, an innumerable amount of energy is consumed in facilities.

Buildings require a tremendous amount of energy, much of which is wasted. IoT powered energy and asset management solution can avoid such wastages with quick ROI by providing the facility management team visibility into the energy consumption and wastages. Automation, on the other hand, reduces the risk of human error while also improving the efficiency of building assets and equipment.

Over the years, the Internet of Things (IoT) has grown rapidly. What’s the reason? The inclination towards maintaining the productivity of the equipment, manpower, and building operations.

Routine checkup of equipment is something that not every facility takes care of. As a result, they have to bear the costly expenses of unplanned machine downtime. Effective preventive maintenance saves facility managers from these hassles by providing real-time data insights and timely checkups of equipment performance.

The concept of energy data analytics is not new. It’s been there in the industries for quite a long time. Some facilities are already leveraging energy data analytics to optimize their processes and improve their smart grids.