Converting to smart-building technology has a range of benefits for organisations. By using advanced technology and data, building performance can be improved across several areas, including:
By deploying an intelligent infrastructure, this enhanced building performance leads to a smaller carbon footprint, reducing energy costs and minimising an organisation’s impact on the environment. Another key benefit is the improved building environments for occupants, visitors and employees. There have been several studies showing how an improved office environment is crucial for improving employee well-being and performance.
Whilst many organisations are aware of the benefits building automation could provide them, however, are often under budgetary pressures, and struggle to see building automation as a priority. However, new finance solutions are emerging from the private sector to counter-act this. One of these solutions allows organisations to convert to smart buildings without the need to commit capital, using techniques known as “Smart Buildings as a Service”. Primarily, this solution targets three areas:
For financial managers and CFOs, these new solutions represent a shift in mindset when it comes to building investment, and many are identifying the potential to enhance energy efficiency and employee productivity. With these new finance solutions, organisations are essentially paying for the outcomes smart building automation will achieve over the long-term. Because of this, buildings owners are often able to realise these energy savings at lower or zero net cost relative to their existing set-up.
These new finance solutions from the private sector are only going to accelerate the growth of the smart building automation market. Organisations are continuing to realise the long-term advantages of implementing smart technology, however still struggle to commit to the capital investment the installation of this technology requires. Instead, many CFOs invest in other business or other operating requirements, where the ROI is quicker, without understanding the huge ROI automation offers when considered over longer periods of time. Smart Buildings as a Service is a fantastic solution to this, allowing organisations to achieve conversion sustainably, completely removing the obstacle of capital commitment.
With “Smart Buildings as a Service”, organisations can finance the conversion of their buildings into smart buildings, whilst still being able to retain capital to invest in other business areas.