Why You Should Be Thinking About IoT Part 2
In my last blog post I discussed IoT (Internet of Things) and how business, municipalities, and State/Local Governments should be looking into the benefits of IoT. What I did not realize is how pervasive IoT has become in the home, and how far behind most businesses are in IoT, and that there are some funding programs coming to bear that will help us all make IoT a part of homes and workplaces.
It started with me looking for some “unique” gifts for my family that would leverage some of the latest features available from the amazon Echo we have in our kitchen. A simple search brought up thermostats, lights bulbs, dimmers, switches, security (door locks, video doorbells, …)and connected car.
If all of this is available for the home, at a “digestible” price, we should start looking at it for our businesses. Not to mention, the ROI on smart ceilings, both soft costs and hard costs are not bad. A simple ROI calculation for an office with 100 bulbs showed that by simply moving to LED lighting, one could reduce energy bills by ~$86 per month. The ROI was less than 18 months. This is assuming the same daily burn time for the lights. If we incorporate “smart” lighting (lights only turn on when people are in the room, and are powered by PoE), the cost to retrofit almost triples, but the ROI remains less than 24 months. This does not even account for reduced maintenance costs and other “soft” savings.
The unfortunate thing is that calculators don’t address the additional savings that can be achieved by utilizing the “data” that can be gathered from a true “Smart Ceiling” implementation.
Assume your business is growing, and you are thinking of expanding to a larger facility. Could you defer the move by pulling data for conference/huddle rooms, salvage and then reclaim the floor space for new employees work areas? How much money could be saved by reclaiming unused spaces? Could you leverage data to calculate how many employees are using their work areas for more than X hours per day, and optimize usage by leveraging shared working spaces or a hoteling system? The data is there, it is just a matter of leveraging it.
Another benefit is that smart ceilings, LED lighting and smart thermostats all fall under many federal, state, and federal funding programs for “Green Buildings.” More programs are coming on-line every year.
If you are moving to a new space or building a new space this is something that can save you money up front by removing retrofit expenses. Even a retrofit can have a very solid ROI as IoT is something you should of as not only a cost savings opportunity, but an opportunity to gain intelligence on how your workspace and buildings are truly being used.
Below are a few helpful links to further explore IoT devices and advantages for your home or business:
Noel Barber is a veteran of the IT industry and serves as the Director of Implementation Technology at ABS. In addition to staying on top of industry trends and changes, Noel works to ensure ABS continuously brings the best Data Center, Enterprise Networking and Collaboration solutions to our clients.