In 2020, the New York State Energy Research and Development Authority (NYSERDA) found that integrating smart technologies and real-time energy management solutions can reduce energy costs by around 15% while boosting ROI and increasing employee productivity. With results like these, it’s no wonder smart buildings are considered the future of the commercial real estate. But smart building energy management system benefits go beyond cost savings.
Building Energy Management System Benefits
A smart Building Energy Management system (BEMS) is a powerful tool that relies on the integration of energy-related building systems and the addition of:
- IoT devices: IoT devices collect vital data about building conditions and equipment performance.
- Intelligent building management platform (IBMP): An IBMP continuously interprets data from building equipment and IoT devices to detect and diagnose faults, identify inefficiencies, recommend solutions, and make automatic adjustments. The best IBMPs give you single-pane-of-glass control over all connected assets.
By combining IoT technology with an IBMP, you gain new ways to understand and manage how, when, where, and why energy is used throughout your portfolio.
Smart building energy management system benefits include:
A smart BEMS allows you:
- Benchmark each property
- Identify waste
- Implement efficiency-focused automation
- Objectively assess the impact of changes
- Track progress toward goals
By giving you the information and the capabilities necessary for optimization, an IBMP-driven BEMS allows you to significantly reduce energy consumption and shrink your carbon footprint.
An IBMP-driven energy management system with advanced FDD empowers you to take a proactive approach to maintenance. By replacing reactive maintenance with preventive and predictive strategies, you can resolve issues as early as possible—often long before they can impact energy consumption.
Reduced energy consumption means lower utility bills. But a smart building energy management system benefits you in other ways that reduce costs. For example, a data-driven maintenance approach can extend the lifespan of building equipment and minimize the risk of expensive emergency repairs.
With an IBMP, efficiency and comfort can go hand in hand. By continuously monitoring variables like temperature, humidity, and air quality and automating building systems to account for occupant needs, a smart BEMS makes your building a more comfortable place to be.
A smart BEMS makes it easier to comply with energy use regulations and ensures you're ready for any future policy changes.
Energy-efficient buildings are attractive to both buyers and tenants. Research has found that smart, sustainable buildings command premium lease rates and sales prices, have higher occupancy rates, and yield better ROI than other structures.
onPoint: A Better Building Energy Management System
While a smart BEMS can transform how your building operates and reduce your bottom line, conventional BEMSs typically fail to have this impact.
A smart IBMP, like onPoint, overcomes these challenges.
onPoint is a cloud-based IBMP that offers real-time monitoring, in-depth insights, and proactive solutions. This innovative platform turns building data into a powerful force for change and allows you to realize the full benefits of a smart building energy management system. With onPoint, you can create a greener, more sustainable portfolio while getting the most out of your investment.
Want to see onPoint in action? Watch a 5-minute demo video here.