Smart buildings and intelligent companies are a hot topic right now, and for good reason.
By 2026, there might be 115 million buildings operating with smart technology worldwide, a 156% increase.
In order to run more effectively, a smart building leverages technology. Building management system expenditures can be reduced by using IoT sensors to monitor electrical systems. Examples of smart building technology include thermostats that can regulate themselves, automated locks or lights, and remote-controlled security cameras.
Without a question, smart commercial buildings are a crucial component of your company’s strategy for cost reduction and increased sustainability. In addition to the energy savings, your company requires insight across the board of your complete operation to manage risk, cut losses, and protect your brand.
Any savvy organization must utilize data to minimize risk, reduce expenses, and increase income.
Also Read: Automatic Truck Loading and Unloading Systems: The Future of Shipping
How do you uncover unknown risks in the use of smart technology?
Knowing the Risks Associated with Smart Technology
Being aware of the commercial forces supporting smart buildings is one thing. It takes a different level of understanding to truly appreciate how risk may be reduced through smart technology utilization.
Or, how do you know what you don’t know?
Mandates From The Government For EV Fleet Integration
Businesses who run fleets, such as delivery trucks or shuttle buses for hotels, would be well to keep an eye on what’s going on in California. The Advanced Clean Fleets (ACF) legislation requires that medium- and heavy-duty fleet vehicles be converted to zero-emission vehicles (ZEVs). Businesses that fail to comply will be subject to heavy penalties and other remedial measures as early as 2024.
Companies are exposed to downstream risks from regulations like ACF. Electric fleets owned by businesses must be able to be charged. The installation of EV chargers for fleets, in turn, poses concerns for companies that don’t effectively manage their demanding energy requirements.
Collection of Data and Compliance
For EV charging infrastructure projects that employ its government subsidies, the National Electric Vehicle Infrastructure (NEVI) Formula Program specifies particular criteria and conditions. These comprise:
Interoperability: EV chargers must be able to interact easily with other devices, electric automobiles, and external charging networks.
Data management: On a regular basis, the Joint Office of Energy and Transportation will gather a lot of data. This covers details regarding the availability, dependability, and price of charging stations.
Network connectivity: These regulations cover requirements for safe remote monitoring, testing, management, and upgrades.
Location: Data on the availability, cost, and accessibility of EV charging infrastructure is made available to third-party mapping apps.
Business Risk and Data Visibility in Decision-Making
The NEVI rules apply to EV infrastructure projects that are located up to one mile from alternative fuel corridors, but they also emphasize risk-reduction strategies for any companies interested in installing EV charging stations.
For instance, hotels that want to provide EV charging to overnight visitors require access to information on power use in order to decide on room prices. Data from IoT sensors in smart buildings may have an influence on occupancy decisions in the workplace, such as which floors can reduce heat or lights at specific times.
How does smart technology lower costs while managing risk?
Cost reduction through data-driven business decisions and smart hardware
The management of energy is a key aspect of corporate risk. However, having a continuous parameter monitoring system (CPMS) or other apparatus that does nothing more than measure and record is insufficient. Data collection is only the first step. Analyzing your data and applying it to cut expenses and increase efficiency is part of risk management.
Cost Reduction With Data Intelligence
A sophisticated software program named Interface is provided by Future Energy. A single pane of glass may be used to fully connect, automate, and control all of your intelligent systems with the help of Interface, a cloud-based data visualization and energy management program.
Interface notifies users of power utilization on a property, right down to the hardware component level. For analysis and management, it makes use of both manual parameters and artificial intelligence. Your company’s kilowatt load and energy expenses are reduced thanks to this study.
Controlling Power to Prevent Surprise Costs
Interface offers an automatic means to transfer power across systems to prevent going over peak load, which is especially important as organizations integrate EV charging technology into operations. Your annual power prices are determined by peak energy consumption.
A hypothetical company’s electrical load profile conducted by Future Energy revealed that the use of EV chargers increased peak demand by 228% and associated power costs by $30,000 as a result. Peak demand is constrained by the usage of Interface, preventing such astronomical rises in energy costs.
However, the price of electricity is simply one factor in the situation. For instance, Interface arranges your EV fleet’s charging, guaranteeing that your cars can get where they are needed on schedule. The potential harm to your image outweighs the expense of electricity if your vehicle runs out of juice and misses a delivery.
Monitoring Use Following Installation
Future Energy is still operating as your partner in maximizing energy consumption and cutting expenses following the successful integration of Interface. Your data is used by our Client Success Team to deliver energy insights. Based on the data your smart devices supply through Interface, you utilize the information to decide on the optimal energy and business strategies for your company.
How Do Intelligent Systems Boost Revenue?
Controlling Power to Prevent Surprise Costs
Interface offers an automatic means to transfer power across systems to prevent going over peak load, which is especially important as organizations integrate EV charging technology into operations. Your annual power prices are determined by peak energy consumption.
A hypothetical company’s electrical load profile conducted by Future Energy revealed that the use of EV chargers increased peak demand by 228% and associated power costs by $30,000 as a result. Peak demand is constrained by the usage of Interface, preventing such astronomical rises in energy costs.
Increasing the loyalty of customers
Customers are more ready to pay more while charging in public, according to studies, which helps balance the expense of the building management system. In fact, 57% of drivers said they would be ready to pay more than the cost of charging at home in order to use a public charger.
In a similar vein, a poll by Multifamily Executive found that 58% of renters are prepared to pay more to live in a place that has EV charging. Multi-unit property owners may draw renters by providing EV charging.
Increased Brand Experience
Future Energy specializes in working with companies to design EV charging experiences that enhance brand recognition.
EV Charging Data Helps You Fine-Tune The Pricing For Public-Facing EV Chargers To Maximize Revenue While Customers Wait For Their Evs To Charge.
Additionally, clients will associate you with being environmentally conscientious if they see your company logo on EV chargers, which is significant in these era of sustainability.
Operating Efficiencies Using Future Energy
Beyond building management, smart technology is increasingly being used. Future Energy collaborates with your company to use data to improve operational effectiveness and strengthen your brand. To learn how EV charging may help smart businesses save expenses and increase income, get in touch with Future Energy right now.