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.
At PointGuard we set a lot of stock in KPIs, given our focus on transparency and business case data for energy efficiency projects. Our analytics platform can measure just about any KPI related to your building’s performance, but there are three KPIs that we value above all else. In our experience if you get these three things right then everything else, including return on investment, improves.
It used to be the case that you couldn’t manage what you didn’t measure. But, in the past few years, thanks to the rapid development of sensor technology and the internet of things, we very rapidly gained the ability to measure anything and everything: how many steps we take; how long we sleep for; and even our hearts’ electrical activity thanks to the electrocardiogram capabilities of the latest Apple Watch.
Recently, we announced the launch of PointGuard, the rebranded analytics arm of our parent company, Abundant Power. Sit down with our CEO, Shannon Smith, and get to know a little bit more about the company, our rebrand, and our goals for 2019 and beyond.
At PointGuard, our company values are at the core of everything we do. We keep them every day - with our team, our families, our customers and ourselves. We keep it fun,real and play to win; keep on learning; keep our promises and our mission; and of course, we keep on giving.
As of 2018, 85 percent of facility managers (FM) were Baby Boomers or Gen-Xers. However, by 2020, 75 percent of the workforce will be Millennials or younger. This creates a problem. As FMs began to retire in the coming years, it will be up to Millennials to take their place. But as of now, they are not.