The Internet of Things (IoT) is a network of physical devices, such as sensors and devices, that are connected to the internet and can collect and exchange data. Advanced analytics, on the other hand, is the use of sophisticated statistical and computational techniques to extract insights and knowledge from data. When combined, IoT and advanced analytics can improve facility operations in several ways.
One way in which IoT and advanced analytics can improve facility operations is by providing real-time visibility into the performance of equipment and systems. With sensors and devices connected to the internet, facility managers can monitor the performance of equipment and systems and quickly identify any issues that may arise. This real-time data concerning the performance and functioning of equipment allows for issues to be quickly identified and reduces possible downtime. As a result, equipment failures and downtime can be greatly reduced, which can not only be inconvenient, but costly for facility operations.
Another way in which IoT and advanced analytics can improve facility operations is by enabling predictive maintenance and facilitating a safer environment by enabling the continuous monitoring of critical systems and alerting facility managers to potential issues before they become major problems. Predictive maintenance involves using data and analytics to predict when equipment is likely to fail and proactively scheduling maintenance before a failure occurs. This can help reduce the cost of maintenance and improve the overall reliability of critical equipment.
IoT and advanced analytics can also improve facility operations by providing insights into the usage and performance of building systems such as optimizing energy consumption and identifying opportunities for cost savings. Data collected by sensors can be used to identify areas of a facility that are underutilized or overused, which can help facility managers make more informed decisions about how to optimize the use of the space. Additionally, data can be used to identify patterns and trends in building usage, which can help facility managers make more effective decisions about how to manage and maintain building systems. For example, sensors can be installed on HVAC systems to monitor and adjust temperature and humidity levels, reducing energy costs and improving comfort levels for building occupants.
Overall, the combination of IoT and advanced analytics can provide facility managers with valuable insights and information that can help them improve the efficiency and performance of their operations. By providing real-time visibility into the performance of equipment and systems, enabling predictive maintenance, and providing insights into building usage, IoT and advanced analytics can help facility managers make better decisions and improve the overall effectiveness of their operations. CWE has the tools and expertise to ensure you are taking advantage of the latest advanced analytics. Give us a call or schedule a quick conversation with the link below and let’s discuss how to get the most out of your facility management program.