PlaceTech

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The rapid acceleration of digital technology has transformed our industry, becoming a catalyst for greater innovation, better data, increased efficiency, and more technical expertise. It has impacted how we design, deliver and operate smart buildings and places.

Technology is one of the most impactful additions to our toolkit, addressing the myriad challenges owners, occupiers and investors face.

It can help us understand and address climate change through smarter carbon measurement and management. It can also help us learn about the experience of occupants and visitors, optimizing spaces to create healthier, productive environments where people thrive.

Combined, this data can provide a holistic view of an asset’s performance and guide smarter, more efficient decision-making and investments.

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The benefits of PlaceTech can be broken down into three key areas – Planet, People and Profit.

Planet: reduce carbon consumption and emissions

The climate crisis is forcing organizations to look beyond just financial returns and focus on the environmental impact of their energy consumption. One of the most widely recognized values derived from an intelligent building is energy savings.

Heating, ventilation, and air conditioning (HVAC) alone account for, on average, 40% of the total energy consumption within a building. Along with lighting energy, this can be significantly reduced through Internet of Things (IoT) devices and energy analytics software packages that support the Building Management System (BMS) and enable local controllers to operate these assets more effectively.

Profit: optimizing the space you occupy

PlaceTech can improve business performance. More specifically, intelligent building technology can support an organization by optimizing its built assets, both in terms of how the physical space is used and maintained and by helping to streamline operations.

A truly intelligent building can expand and contract to meet changing requirements, for example, through the creation of zones and neighborhoods that can be switched on and off via space booking applications.

People: improve productivity, well-being, and retention

The final—and most significant—benefit area focuses on how an intelligent building can improve the experience of all its users, including tenants, employees, visitors, operators (e.g., FM, security, IT) and even owners.

Most of an organization’s costs are spent on its people, so by delivering an asset that can positively impact productivity and well-being and attract and retain talent, it’s possible to realize significant improvements in business performance.