Getting smarter

IoT drives the transition to a smarter world, writes Robert White, head of technology and innovation, ENGIE Solutions Middle East

- Robert White

We are approaching a future when all building assets will be connected, making traditional facilities management processes obsolete. Therefore, real estate companies should put together a proper transition plan to ensure a smooth switch with minimal effect on service delivery.

Such a transition may seem overly complex and costly to building owners initially, but it shouldn’t be. A lot of installed equipment is already integrated, and owners are unknowingly sitting on top of thousands of useful data points. By adding IoT sensors, owners can bridge the gap by collecting additional information from existing assets.

The decreasing cost of IoT technology also makes it cheaper than ever to deploy advanced technology. According to a Statista report, average sensor prices dropped more than 300% between 2004 and 2020.

Further cost and performance optimisation can be realised by choosing integrated solutions providers. Combining operations, sector-based processes, smart technology, energy management, and alternative energy solutions provide much value to clients.

Outsourcing offers another excellent value proposition for clients. Outsourcing allows companies to concentrate on their core business, whilst service providers bring their knowledge and expertise to keep things running in the background with minimal disruption. Clients see the benefit of combining services and utilising global standards and best practices.