Smart technology is in growing demand for large commercial buildings and it is easy to see why: the American Council for an Energy Efficient Economy led a study that found users had a cost savings of 24-32% just by switching to energy-efficient smart HVAC and lighting. Smart technology, energy efficiency, and savings are all linked together with commercial buildings.
Most businesses struggle at first with deciding whether they should utilize on-premise deployment, cloud-based, or a hybrid approach — a blend of both cloud and on-premise solutions.
According to The Insight Partners, in 2017, 46.7% of the market utilized on-premise energy and utility analytics solutions. This is anticipated to trend downwards in the future, with cloud-based and hybrid solutions gaining more market share.
How does upgrading to cloud-based technology compare with on-site analytics? Delving deeper into on-site versus cloud-based quickly reveals the better choice.
Because of the amount of hardware that needs to be set up, on-site analytics is a heavy lift from the beginning to set up. Even once a business has the on-site analytics set up, it takes a significant amount of time and manpower devoted entirely to security. In fact, the average company spends 18 working days each month just managing on-site security alone.
Many companies do not have the time or resources to spend setting up and constantly maintaining their analytics software. Cloud-based technology, on the other hand, is maintained by the suppliers themselves. From set up to security updates, businesses no longer have the burden of trying to run and keep the software secure. It can save corporations significant amounts of time that can be used elsewhere.
The data that on-site analytics produces can be intimidating. Most executives find they cannot understand it and have to leave the interpretation up to the engineer. On-site analytics can be particularly technical in its reports because it is in extremely raw form.
In cloud-based technology, though, the data is displayed in layman terms so that leaders understand directly what is going on. With the help of technology, the data is displayed in KPI metrics to make it easy to understand for those without technical training. KPIs not only allow executives to see where their businesses stand in energy efficiency, but also identify where they can improve. Energy efficiency is a matter that is extremely important for cutting costs and increasing asset value; most executives want to understand what is going on so they can implement effective change where it is needed.
Emergencies can happen when it comes to energy. By utilizing cloud-based technology, building managers can access all of the information from wherever they are. For example, on Entic’s cloud-based platform, the main dashboard can be accessed on any web browser, mobile device, or tablet. In addition, alerts can also be sent out through text, phone, or email.
Businesses no longer need to worry about being able to access important information during an emergency. Changes are able to be implemented on the fly and ensure that organizations have optimal flexibility.
Learn how The Diplomat Beach Resort was able to save $460,000 in energy costs with Entic.
Many companies do not have the time or resources available to allow their staff to spend significant amounts of time maintaining the technology needed for a smart building. The staff also may not have the expertise needed to oversee the areas that may need upgrades for energy efficiency, such as the HVAC system (which can use up to 40% of a building’s energy usage).
By leveraging cloud-based technology, however, experts can take over the maintenance and bring their specific expertise to the field. They can present real-time data and help businesses understand where they can improve their efficiency the most by providing prescriptions.
For corporations that understand the importance of energy efficiency, making the switch to cloud-based technology will give them more time, better understanding, flexibility, and needed expertise without hiring a team dedicated to it. Don’t waste time on cumbersome on-site technology — contact Entic today to learn more about how cloud-based technology can help you.