Buildings often go through a commissioning process when they are built. But over time, equipment gets replaced or degrades and systems stop working as well as when they were originally designed. That is why retrocommissioning has become an important process for building managers and owners.
A contentious point with many facility management software platforms is that they’re portrayed as able to take care of buildings better than or “equal” to (but with more efficiency and less overhead) than the teams that are and have been running the buildings for years and even decades.
If you’ve had an ear to the news or economists recently, you’ve heard we’re heading towards a downturn. While there are many ways to prepare for such a change, one often overlooked way is building operational expenses. OpEx is seen as sunk costs and unchangeable but, fortunately, that’s not true.
Comfortable people are more productive and there is no bigger building expense than unproductive occupants.
If you have gone to a real estate conference, read any commercial real estate articles or even opened an internet browser in the last year you have likely heard of Artificial Intelligence (which can be henceforth called AI without further explanation at this point I think). Experts in both the technology and property industries have created a steady amount of buzz content around how AI can and is changing how buildings are managed. There is talk of industry disruption and of failed businesses for those that didn’t invest in AI.
There is a major problem in the way that the facilities industry makes its decisions about equipment replacement.
There is a joke about a mechanic that charged his customer ten thousand dollars to fix their car. On the invoice, the charges broke down to one penny for a screw and $9,999.99 for the labor to replace it. The customer, of course, questions the mechanic, “why does the labor cost so much, you only replaced one screw?!” The mechanic gives the same explanation that software engineers often have to: “I had to know which one to replace.”
At PointGuard we value three KPIs related to your building’s performance above all others. In a previous article, we spoke about managing energy savings using the insights gained from the powerful analytics offered by our automatic fault detection and diagnostics (AFDD) service, and its ability to unlock insights in your BMS data. You can read that article here.