When it comes to keeping your business afloat, one key element is cost savings. Any way you can help your business cut costs and save money will financially help in the long run. One easy way to save is by tracking and reducing your energy usage, but what happens when that is not enough. Research shows that almost 30% of energy in commercial buildings is wasted. It may seem that no matter how hard you and your business try to cut back, the savings just aren't happening, tracking energy isn’t enough.
There is a new trend in commercial businesses: Smart buildings. This new technology can monitor and track exactly where the most energy is being wasted in your building and correct it for cost savings. With smart buildings, you no longer receive data about your energy usage, you receive solutions.
Why does my business need a smart building?
As many energy industry experts will tell you, getting data about your energy use from a meter or smart meter is one way to reduce your energy use, but at the end of the day the information you receive is just flat lined data. Knowing what to do with the data is crucial.
To put this in perspective, think about the stock market. In the stock market, you are given the price of a stock, the trading fees, the history of a specific stock, and the status of how the market is doing overall. If you were only given the last bit of information, how the market was doing overall, you wouldn't have enough information to purchase a stock confidently.
For example if Dow Jones is up overall that doesn’t ensure the individual company stock is doing well. When deciding when to sell or buy, you need to know the individual price of the stock. Thus, how can you cut back on your energy when you don’t know where and how to do it in a streamlined and effective manner? Smart buildings know how to take the overall data from a meter and create cost saving solutions.
What other benefits are there besides cost savings?
Even though the prospect of saving money is an ever present one, there are many more ethical benefits to a smart building than many realize. The environment is a huge benefactor. Due to the fact that these new technological advantages are coming about in the environmentally aware age, one major reason for these buildings is to create an environmentally efficient place to work. Thus, this helps the planet and your wallet.
The bottom line
Overall, to many the idea of a “smart” building is something of the future. They imagine buildings in the Jetsons with futuristic designs, but this isn't the case. These buildings are just one way new technology can be installed in the system of a building, making it better for your wallet and the environment. With smart buildings, the future of cost savings is now.