Cloud-based data and analysis, learning modeling, and predictive control tempered with human capital offers industry a better building IoT
San Francisco – July 28, 2016 – BuildingIQ (ASX: BIQ) today launches its BuildingIQ 5i platform-enabled services, designed to deliver value to building operators at any stage of a building’s lifecycle. Compared to previous approaches, the 5i platform and services provide a better building IoT solution for owner/operators due to its five pillar approach of data capture analysis, advanced modeling, measurement & verification, closed loop predictive control and expert human analysis. The new platform could fuel growth for BuildingIQ and potential partners by providing a common technological underpinning for services and solutions that address market opportunities as they arise. The company’s extensible services can be deployed selectively to meet the needs of any building, are subscription-based and require little to no infrastructure changes to implement.
Navigant principal research analyst Casey Talon commented, “The human element is an extremely important piece to incorporate into an IoT-enabled intelligent building solution. The institutional knowledge of facilities staff can uncover the rationale behind the trends documented by the raw data. As the industry continues to grow and evolve, solutions that balance technological advancement with human engagement may be the most successful in transforming facilities into intelligent buildings to deliver significant business benefits.”
“The infrastructure and needs of buildings within a portfolio of properties can vary drastically from assets that are retired in place to state-of-the-art BMS implementations,” said Michael Nark, president & CEO of BuildingIQ. “With the unveiling of the BuildingIQ 5i platform, we are offering building owners and managers an ability to balance the sometimes opposed needs of energy optimization, operational efficiency, and tenant comfort – all on one platform. Services built on the platform work together synergistically, so owner/operators need not worry about BMS changes or market evolution. The 5i platform approach evolves with their needs.” The 5i platform learns daily to provide a powerful energy intelligence foundation for a building. As buildings evolve, so does the platform — accommodating new BMS, new feedback methodologies and sensors, and alternative generation such as solar and local storage.
BuildingIQ’s 5i platform and services use a holistic approach to meet the diverse needs of building owners – recognizing an increasingly difficult building system management environment, more demanding and sophisticated tenants, and the inherent enthalpy of large and complex building systems.
By leveraging a building’s internal data (occupancy comfort, building characteristics and meter data), external data (demand response signals, energy tariffs and weather forecasts), and 24/7 access to BuildingIQ’s expert team of operators, building engineers and data scientists, the 5i platform is able to deliver a unique blend of energy saving, operational efficiency and tenant comfort benefits. Current offerings within the 5i platform include:
Measurement & Verification
For more information on BuildingIQ 5i, visit www.buildingiq.com/products.
BuildingIQ (ASX: BIQ) helps building owners and operators worldwide lower energy use, increase building operations efficiency, and tenant comfort. The company’s 5i cloud-based platform and managed services deliver on the promise of IoT for buildings with none of the drawbacks. Over 60M square feet of building space is serviced by BuildingIQ. Investors in BuildingIQ include the Venture Capital unit of Siemens Financial Services, Paladin Capital and Exto Partners.
Sean Welch, +1-407-767-0452 ext. 228