Buildings Beyond IoT in the Retail Sector
14 May 2019
While the deployment of IoT has created tangible benefits for businesses we need to think beyond IoT for ongoing cost avoidance. An increase in cost savings can be attained by the collection of valuable data teamed with IoT.
Why is this? Because IoT needs big data storage and analytics to be its most valuable asset for businesses.
From the retail sector to the railway industry everyone is aware that energy is a high spend commodity and within the retail sector, energy is the third-highest overhead after people and property. This is where IoT comes in and when it is coupled with big data analytics it can provide insights into energy consumption, equipment performance and use.
Data is key. Data creates smart buildings. But all of the data from all of the IoT devices within the building needs to be brought together on a single platform for analysis. Here is where accurate analytic frameworks sit to help create tangible business benefits.
Looking beyond IoT is crucial for businesses and considering the data and the value this data can deliver to businesses, this can be done with CODA’s IoT solution – CODA:
- CODA streamlines processes, improves efficiency and supports predictive maintenance while also boosting energy efficiency and cost savings.
- CODA can connect with a multitude of devices within a retail estate either globally or locally to provide full visibility and digitalisation of the operations.
- CODA delivers substantial, and speedy, tangible business benefits from energy to financial savings, maintenance and operational performance.
Taking the data and delivering actionable insights that allow the business and building occupiers to meet their objectives. The CODA platform effectively models patterns of usage and equipment performance to identify opportunities for improvements in energy efficiency, preventative maintenance, process control, management of internal environmental conditions, wellness etc.
This data analysis is where the insight into the energy waste and opportunities for energy efficiency measures comes to the forefront.