Intelligent Tech Channels Issue 16 - Page 41

INTELLIGENT GREEN TECHNOLOGY How IoT will make buildings intelligent Connecting a building and all its subsystems and sensors to the Internet, will enable decision making benefitting the user, explains Tracy Courtemanche at Schneider Electric. T he Internet of Things is getting a lot of attention these days. A reason is the size of the economic Tracy activity generated Courtemanche at – as much as $11.1 Schneider Electric. trillion by 2025 in an analysis from the McKinsey Global Institute. According to McKinsey Global, the IoT economic impact on factories, retail settings, work sites, offices and homes could total as much as $6.3 trillion by 2025. Some of that impact will be in the form of sensors and other hardware that goes into buildings. Some of it will be building management software, applications and services. This makes buildings more efficient, which in turn makes people more productive. IoT helps make enterprises smarter. The arrival of IoT means that the old way of doing things will not work. Building management systems will have to evolve. But beyond the smart building itself, there will also be data available from weather monitors and financial information – like the price of electricity, other utilities, and even commodities. That data can factor into how buildings are managed. So, buildings will be more intelligent and systems will be able to make adjustments on-the-fly. According to the 2016 Navigant Research report, Data Integration for Intelligent Buildings, one impact of IoT is that people are going to expect buildings to be smart. They are going to demand data- driven solutions that improve energy and operational efficiencies, facility planning, preventative maintenance, fault detection, occupant comfort, and safety in buildings. But this requires more than sensors. You need data integration. The data may be in various formats, with different naming 41