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Wireless Building Management System – Why Does Your Real Estate Need It?

Garima Bharadwaj
Garima Bharadwaj

6th September 2022

Introduction

In the contemporary business world, every property owner wants to minimize operational costs while enhancing tenant security and comfort. Smart building management systems can create a unified and smart building framework by integrating facility systems using IoT technology and operating them from a single location, allowing property owners to uncover untapped prospects. In addition, building owners nowadays are increasingly looking for information that gives them a clear image of the operations, machinery, and efficiency potential in their buildings. 

A wireless building management system, which manages all aspects of an establishment’s operations and improves the quality of life for its residents, is a common place for building managers to start. Building contractors and technical specialists can help clients fully realize the benefits of building system management systems and open up opportunities for additional automation throughout their operations by installing a smart building analytics management platform. In this blog, we’ll learn about the wireless building management system, including its benefits for real estate.

What is a Wireless Building Management System?

The growth of Internet of Things (IoT) devices and advanced technology in buildings has made our environment more wireless, which facility managers are highly aware of. Choosing whether to wire sensors and controls for smart building systems, such as facility automation and information technology, might be difficult for each individual construction project. The easiest approach to choosing between wired and wireless is to see which choice best suits the requirements and business plan of each specific facility. 

Obviously, when compared to wired networks, wireless building management systems are highly preferred due to their flexibility and reliability. Sensors, software, a network, and a cloud-based data repository are often installed as part of a BMS deployment. In addition to controlling lighting, security, and safety operations, BMS also wirelessly manages HVAC, lighting, and ventilation systems. Because of this, the most enticing feature of a building management system is its proven ability to lower energy use and save money.

Features of a Wireless Building Management System

Affordable Wireless Networks and Systems

Traditionally, only large commercial buildings have been able to use BMSs due to their high cost. However, nowadays, the cost of equipment like sensors and controls has also decreased. As wireless technology becomes more widespread, installing BMS is made simpler and more economical, and internet connectivity has improved the chances of implementing a BMS. Hardwired connections are being replaced by data networking for communication between individual devices or entire systems. A new generation of sensors powered by ambient energy sources is now possible because of recent advancements in wireless building management systems.

Grid-based Demand Management

Businesses are increasingly required to adjust their load and energy consumption in accordance with price signals and shortages during extreme weather as the grid’s nature changes. Additionally, building owners are upgrading their on-site grid-connected generation and storage systems. BMSs are being combined with specialized energy management systems or application-based, grid-responsive demand management systems. These developments make it possible to optimize energy output, export, storage, and consumption.

Predictive Potentials

Maximum demand costs, which account for a sizable amount of the energy bills for many businesses, might be decreased by a BMS. With the help of a BMS, large building loads can be anticipated and avoided by making the necessary modifications. A web-enabled BMS can forecast favorable or unfavorable weather and modify HVAC sequences for the best result. For instance, if the BMS predicts a day that will be hotter than usual, it can pre-cool the building automatically to use off-peak energy.

Optimization and Automated Controls

Machine learning (ML) capabilities on analytics platforms create prospects for automatic control and command over all BMS-connected devices. Furthermore, smart analytics will enable effective, coordinated, and automatic responses in accordance with user preferences by gathering and standardizing pertinent data from modern and advanced sensors. For instance, the platform can modify the lighting and temperature prior to your arrival based on anticipated users as it learns the behaviors of inhabitants across your building or portfolio. Whether you want to cut down on energy use, reorganize internal systems, or improve the occupant experience, a sophisticated wireless building management system reduces the requirement for manual involvement and aids in your performance goals.

Comprehensive Fault Diagnosis & Troubleshooting

System failures lead to unnecessary downtime, energy losses, and frequently high fees from service providers who must constantly respond to emergency repair requests. An interconnected building management system with analytics that allow for cutting-edge fault detection and diagnostics reduces these incidences. It increases the value of the alarms you receive for problem-solving, recognising or even anticipating problems before they become major breakdowns, and providing reports to track developments or problems and adjust strategy as appropriate.

Benefits of Wireless Building Management Systems

Using wireless technology monitoring and data processing, the Internet of Things (IoT) provides live information communicated in real-time for proactive building management and maintenance. Now that you have a basic understanding of wireless technology and the Internet of Things, let’s explore how these advancements might help building management.

Promotes Effectiveness

It goes without saying that technology advances much more quickly than people. Modern software virtually eliminates “human errors” by accurately gathering, analyzing, and storing data.  With wireless technology, you can see your building resources in real-time. As a result, facility managers will be able to keep an eye on their facilities in real time and react more quickly to unforeseen downturns or preventive maintenance.

Cost Effective

The capital expenses now have greatly dropped and are continuing to get cheaper since the internet of things is incorporated with building management systems. With its low-powered networks and affordable sensors, the internet of things is assisting in limiting the cost of smart buildings. Also, it is estimated that the cost of installing IoT-based controls and monitoring in a building is also less expensive. According to Intel, an IoT-based BMS utilizing wireless sensors can lower deployment costs around 30% when compared to a traditional BMS.

Easy Installation

Since no cables need to be connected, tested, or maintained, and also because wireless connections occupy significantly less space than wired connections, installing a wireless system is quick and economical. In light of this, there won’t be any potential issues or concerns because wireless technologies minimize construction-related surprises like uncovering hidden obstructions in walls and ceilings or detecting dangerous materials.

Enhanced Adaptability

In addition to making installation simpler, wireless building management systems continue to offer benefits throughout a building’s life by addressing customers’ increasing demands. Sensors can be installed anywhere and moved whenever necessary. Facilities management may be able to relocate wireless controls with the least amount of money and time, making it simple to rearrange or even reconstruct spaces when significant changes in an organization prevent the relocation of equipment.

Predictive Maintenance

Real-time asset monitoring offered by wireless systems like the Internet of Things (IoT) enables you to predict machine failure and spot worn-out components. You can plan maintenance work, anticipate accidents before they happen, and get real-time notifications so you can react quickly.

Trustworthy Systems

Wireless solutions generally offer more dependability. In contrast to cable or wired systems, which run the danger of having a single point of failure, the wireless sensor network model provides several channels for wireless devices. In a wired-drive system, a single point of failure could result in several devices losing communication with one another as a result of bad connections or termination, making troubleshooting more challenging.

Why Does Your Real Estate Need Wireless Building Management System?

Wireless Building management systems are a crucial component of both commercial buildings and retrofit projects as smart technology develops and energy efficiency rises in importance for building owners. In fact, the $6.65 billion market for building management systems in 2016 is predicted to grow to $19.25 billion by 2023. Building management systems (BMS) can provide remarkable volumes of information on what is happening in a building. In addition, there are various key advantages that bring building management and automation to a new level and add genuine value for your customers when you combine a BMS with the appropriate analytics software.

Although building space configuration is something that building owners, operators, and users have long considered important, it is becoming more and more crucial for mechanical, electrical, and digital infrastructure systems—controlled by a building management system (BMS)—to dynamically adapt to changing necessities. Several stakeholders, including building owners, real estate professionals, facility managers, and tenants, can benefit greatly from building management system technology. Intelligent buildings can provide both cost-effective and functional advantages. 

The advantages of smart building management technologies are valued by building occupants, who claim that they have increased value. The best characteristics emphize two main areas. The first aspect focuses on creating a more welcoming environment (lighting, HVAC, security, and access), while the second aspect concentrates on developing services that will guarantee increased effectiveness as well as efficiency. To create a comfortable environment, one must improve the heating, ventilation, and air conditioning systems, control lighting, and install a highly secure system that is all connected to parking, elevators, and private spaces. Furthermore, infrastructure should indeed be connected to a high-speed internet connection to provide the simplicity of use, speed, and efficiency. This will ensure uninterrupted contact with facilities that can be quickly accessible to improve the quality of access control by the ultimate users to a full suite of communication services. Building operators and occupants can establish security links, such as authorizing visitors to enter the building and certain locations within it. The operator and the inhabitant can also easily control the visitors’ progress and location. In the end, a structure that is more precious, superior, and coveted is created.

5 Ways how Smart Buildings are altering the Real Estate Market

To accommodate the modern advancement in wireless building management systems, real estate developers must diversify their business models. The causes are obvious: land prices and construction costs are rising, and demand for occupant comfort, scrutiny, and oversight of new development projects is growing. The remedies are obvious as well: spending money on smart buildings increases efficiency, lowers costs, boosts tenant happiness, and enhances energy efficiency. It implies that the value of the commercial property is no longer only determined by location and that, in order to compete, landlords and developers must now offer effective spaces that deliver outstanding user experiences, encourage well-being, and increase productivity.

Encourages Adapting to Modern Technologies

Tenants find smart wireless building management systems to be an appealing option. Businesses often expect some level of smart technology as the default. Therefore they are ready to spend substantially more for a really smart building than for one that has been retrofitted because many organizations are embracing the new technology because of its significance for productivity and efficiency. The expectation that smart technology will be included in modern office buildings means that real estate developers whose projects do not satisfy this new requirement will quickly become obsolete.

Boosts the Energy Efficiency of Buildings

Energy efficiency should be a top priority for commercial real estate managers in the current climate crisis. Inefficient temperature control operations are handled automatically in smart buildings; for example, they will turn off energy-guzzling lights and HVAC systems when not in use or in accordance with measurements of heat, light, and occupancy. This has been a significant driver of investment in wireless building management systems and aids in cost-cutting and regulatory compliance.

Offers more Advanced Services

Real estate experts may more precisely satisfy the unmet needs of their tenants by using the data they acquire from smart buildings to deliver a sophisticated, personalized service. To stand apart from the competition, they can provide special services that, for example, optimize the wellbeing of their tenants. Even during the planning stage, they can leverage data gathered from existing smart buildings to make effective choices about how to use the space and even where to put the building. This information can then be given to renters to help them make informed decisions about how to use the property.

Cost Efficient

Wireless Building management systems that are IoT-connected offer significant efficiency gains for real estate organizations. Smart monitoring and defect prediction skills assist in lowering administrative expenses, automating decision-making, predicting errors, and performing maintenance. Using real-time monitoring systems, they may generate a lot of data that can be utilized to control the lighting and air conditioning, anticipate repairs, and increase security. All of this reduces costs and improves the effectiveness of administration.

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Conclusion

In the HVAC industry nowadays, there is a growing demand for wireless control and sensor devices. Wireless solutions provide lower installation costs, significant energy savings, flexibility unlike anything else, and brand-new, ground-breaking services. Another important aspect is the recent environmental laws and regulations that compel producers to design flexible, energy-efficient products. Without a question, wireless technology has transformed how facilities management in a variety of industries operates today, simplifying previously labor-intensive operations and almost eliminating the numerous human errors. Because of this, you must collaborate with a reliable facility or building management service provider like Know Your Building™ to implement your preferred technological building management actions.


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