There is a major problem in the way that the facilities industry makes its decisions about equipment replacement.
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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.”
The third of the three KPIs that are our gold standard is the comfort of your occupants. We’ve saved this until last to discuss, but in fact, it should be top of your list as you work to create a high-performance building.
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.
It’s been quite a year for the PointGuard team. We started 2018 as Abundant Power and are ending the year with our new brand, PointGuard.
The PointGuard team made up of me (Shannon Smith), and our Chief Engineer, Derek McGarry recently exhibited at the leading event for content and connectivity in commercial real estate, the CREtech Venture Conference in New York City.
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.
The time has come. The U.S. government is updating ENERGY STAR scoring, which will cause most property’s scores to go down. Commercial buildings will see a drop in their ENERGY STAR score when the changes go into effect next Monday, August 26.
It’s budget season again. Time to decide where to use your limited operational budget on capital expenditures (CapEx) and upgrades.
No one stays in the same place forever. For many reasons, personal or professional, facility managers, asset managers and property managers will move on to the next job, next level or next building.
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.
The operating needs of buildings and the people who occupy them change every day. Building analytics produce the best results when experienced, knowledgeable people can accurately analyze data to maximize ROI.