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Companies worldwide are significantly reducing costs and risks and improving uptime and asset lifespan by using Internet of Things (IoT) systems not only to prevent and react to problems but to predict when an issue or failure is likely to occur.
A small water pipe leak in a wall, floor, or ceiling can easily be the costliest type of water damage you will ever experience in a commercial building.
Could anything be more stressful than knowing a pipe in your commercial building is leaking water but can't find exactly where?
A tiny sensor could save many large buildings enormous amounts of money and make the difficult work of facilities management substantially more straightforward.
Building Management Systems (BMS) or Building Automation Systems (BAS) are the central control units responsible for maintaining operational efficiency and occupancy comfort. This usually includes control of HVAC, fume collection, steam systems, plumbing, lighting, electrical systems and fire safety (Ref).
Hotels are an indispensable part of today’s travel industry. Even after the impacts of the pandemic, there are more than 700,000 hotels and resorts worldwide [ref] that have a current global market worth $800 billion [ref].
When thinking about commercial buildings, the terms ‘larger-scale’, ‘more expensive’ and ‘more stakeholders’ may come to mind. These qualities are exactly why the impact of water leaks can be so devastating and is reflected in the average loss for commercial buildings at $1.4 million, compared to domestic homes at just under $4,000 [ref].