Long-term Building Operating Cost Reduction Strategies
There are countless ways for commercial property owners to lower their building operating costs....
Maintenance keeps equipment working and is an important factor in making a building more sustainable. But when maintenance is data-driven, it becomes even more powerful.
Sustainable building maintenance is critical for protecting the value of an asset. It helps keep building systems working efficiently, extends the useful life of equipment, and keeps buildings comfortable while cost-effectively managing operations. With a building management system (BMS) supported by IoT technologies and analytics, maintenance offers both sustainability and greater return on investment.
Several types of maintenance are necessary to create an overall building maintenance strategy. These include:
A smart BMS assists with each of these. For example, it can issue reminders when scheduled maintenance should occur and keep track of previous vendors used for repairs. However, it is the data-driven preventive maintenance model where smart building systems particularly excel.
Building maintenance seeks to sustain the systems and equipment used within a built structure’s operations. Truly sustainable building maintenance, however, means much more. With the right strategy, maintenance becomes a meaningful way to reduce waste, achieve energy efficiency, and mitigate potential environmental issues.
Sustainable building practices include:
Your strategy should be customized to meet the specific needs of your structure and locality.
Modern smart technologies allow for detailed management and optimization of building systems remotely and at any time. This is achieved by adding analytics to your BMS, allowing for easy implementation of preventive maintenance strategies.
By continuously collecting, organizing, and analyzing data from all connected systems, an advanced analytics platform identifies anomalies and inefficiencies and makes recommendations for corrective action. It also uses machine learning to predict future performance. With these insights, facility managers easily manage systems, first by enacting minor changes to optimize as needed, then scaling up sustainable maintenance practices as more data becomes available over time.
Historically, seasonal maintenance has been a core feature of building maintenance. However, these schedules were based on only a best guess of when issues would arise. If an issue emerged outside the schedule, it could go undetected until it becomes a major problem and requires costly repairs.
Smart systems change this.
When maintenance is guided by data, there is no need for arbitrary, time-based intervention. The data produced by building equipment offers great visibility into how that equipment is performing, eliminating the need for physical inspection and unnecessary intervention. With a system that alerts you only when problems occur, you avoid wasting resources on maintaining equipment that is already in perfect working order. You also gain the ability to take corrective action as soon as issues arise, long before they develop into catastrophic equipment failure, unexpected expenses, and occupant complaints.
The traditional maintenance plans offered by service providers are interval-based, and the recommended intervals are extremely conservative. Callouts outside this schedule are considered emergencies and billed accordingly, inevitably costing more. Having data-driven, sustainable maintenance practices in place eliminates reliance on such plans. Instead, it becomes possible to perform maintenance only when needed and at a more predictable cost.
This fundamentally changes the relationship between building owners, facilities managers, and service providers. When you have real insight into how your building is functioning, you are empowered to make smart decisions about service contracts and manage costs more effectively. You are also able to verify fixes based on objective data to ensure you are achieving your sustainability goals and getting value for your money.
Building IOT’s Jetstream allows building owners and facilities managers to achieve seamless integration of building systems, smart monitoring devices, and analytics software, enabling more agile responses to maintenance needs. The true centerpiece of this system, however, is onPoint. With onPoint, you gain a deeper understanding of how your building is performing in real time, reliable predictions of future performance, and the insights necessary to create a sustainable building maintenance plan. By harnessing your building’s data, onPoint allows you to streamline and optimize building maintenance for meaningful cost savings and a greener future.
Laura draws on her experience in commercial real estate to cover trends in occupancy, indoor air quality and operational efficiency.