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The industrial sector is responsible for more than half (54%) of the world’s total energy consumption. The factories, manufacturing units, and development processes are energy-intensive.

The demand for urbanization is constantly rising. Ensuring this aspect comes with a heavy price - a high level of energy consumption. Every day, an innumerable amount of energy is consumed in facilities.

Buildings require a tremendous amount of energy, much of which is wasted. IoT powered energy and asset management solution can avoid such wastages with quick ROI by providing the facility management team visibility into the energy consumption and wastages. Automation, on the other hand, reduces the risk of human error while also improving the efficiency of building assets and equipment.

Over the years, the Internet of Things (IoT) has grown rapidly. What’s the reason? The inclination towards maintaining the productivity of the equipment, manpower, and building operations.

Routine checkup of equipment is something that not every facility takes care of. As a result, they have to bear the costly expenses of unplanned machine downtime. Effective preventive maintenance saves facility managers from these hassles by providing real-time data insights and timely checkups of equipment performance.

The concept of energy data analytics is not new. It’s been there in the industries for quite a long time. Some facilities are already leveraging energy data analytics to optimize their processes and improve their smart grids.

Asset management is the most crucial aspect of businesses. Any negligence while managing assets can impact their performance. How to ensure this motive? Remote asset management is the solution! It helps businesses to collect and analyze information from devices and assets with an automated alert system and energy optimization.

Energy is undoubtedly one of the most debated topics of today. Whether it’s heating or cooling systems, lighting offices, or manufacturing of products, energy consumption is everywhere! However, overconsumption of energy resources is not just destructive to the environment but also comes heavily to the wallet of the management.

The proactive maintenance of the facility could result in reduced maintenance costs and the elimination of system breakdowns up to a considerable extent. What can be the result? 10x return on investment! Building fault detection and diagnosis can help facilities to achieve this goal.