A study in the Harvard Business Review
offers some stark insights into energy consumption in the business world. According to the U.S. Environmental Protection Agency
(EPA), companies waste 30% of the energy they consume.
That’s roughly the equivalent of $100 billion of wasted economic activity per year with over $30 billion in the commercial sector
The Harvard study cites several reasons for this, including decentralized and siloed control over utility budgets in many corporations and the complexities of managing utilities in an increasingly complex and fragmented energy landscape.
Whatever the reason for energy waste, corporations face a significant challenge. To quote the Harvard Business Review study, “Eliminating the 30% of unnecessary consumption can improve profitability, reduce equipment downtime, become a competitive differentiator and lower carbon emissions. The marginal effect on profit through reducing utility costs can be significant. Every dollar saved in utility costs becomes an additional dollar of net profit.”
IoT solutions for smarter energy and utilities management
An IoT-enabled smart office building in Bangalore, India, that Intel completed in 2016 makes a compelling case for how technology can be used to monitor energy usage and control cost. To provide real-time tracking and control of temperature, lighting energy consumption and occupancy, the 10-story, 630,000 sq. ft. office structure is equipped with approximately 9,000 sensors—70% of which are located in the ceiling. From data collected by the sensors, the Intel facilities team gains actionable insights into how to:
Better control leads to greater efficiency
- Generate automation rules for the HVAC and lighting systems to reduce energy and water consumption
- Implement a mobile cubicle model to accommodate more employees and increase cubicle use rates
- Develop protocols to maintain a consistent temperature in all areas of the building
An IoT-enabled smart building solution now makes it possible for the facilities management team to remotely read the energy meters that are connected to the lighting, HVAC, fans and other utilities and, with the touch of a button, change energy usage throughout the building as necessary. All energy consumption and generation are now monitored and controlled according to a pre-established energy load profile.
By implementing these improvements, Intel forecasts that it will save $645,000 per year with an ROI payback period of less than 4 years. And, by creating more efficient workspace through its mobile cubicle model, the company has managed to increase employee capacity by more than 30%.
The smart next step for your customers
The Intel example should provide your customers with compelling reasons
to consider smart building solutions to help them manage energy usage, improve efficiencies and control costs. Visit Ingram Micro IoT Marketplace
for smart building solutions that are ready to implement right now.