While many businesses are embracing smart building technology to increase energy efficiency and lower costs, they fall short of their goals due to an inability to master the data.
A survey of more than 500 facility managers that have adopted this technology found users only scratch the surface of the features available to them.
Commissioned by building management solutions provider Toggled, the survey found facility managers need to capitalise on their performance data to enjoy the full benefits of the technology.
Toggled chief operating officer, Daniel Hollenkamp, said it is clear the battle for smart building adoption has been won.
“But we can't stop there. By helping facilities establish a complete tech-to-intelligence loop, they can fully optimize energy and cost efficiencies," he said.
“Most businesses are only scratching the surface of what the technology can do. Once facility managers start to capitalise on what their performance data is telling them the true business value of a scalable and flexible IoT-enabled smart building network comes to life."
While the results demonstrate businesses are making great progress in lowering energy use and costs, nearly two-thirds of facility decision makers (64%) say they are still looking for ways to monitor and analyze their carbon footprint or greenhouse gas emissions in their facilities. Only 36 per cent have seen measurable results in decarbonisation.
An estimated 34 per cent of respondents lack the talent and skills to integrate data science into their smart building platforms. This underscores the importance of businesses choosing a system capable of customising analytics to the facility and providing simple actionable information in a timely manner.
"So many of the issues underscored in the survey results are something we see every day which is why we developed our solution with a focus on simplicity, customisation, and integration," Hollenkamp said.
"By giving users a customisable data analytics dashboard that generates real-time overviews on building efficiencies and anomalies, they gain complete control over their smart building environment so they can optimise performance."
Toggled provides iQ Analytics a web-based application which helps facility managers get maximum efficiency from their networked building controls.
HollenKamp said decarbonisation goals will only get more aggressive which means using data analytics to track progress.
“Now more than ever, customers are demanding smarter tools to help them make better, data-driven decisions about the operation of their buildings. Toggled iQ Analytics is the kind of solution our customers are hungry for, and we’re excited to provide the full Toggled iQ portfolio.”