Welcome!

News Feed Item

Schneider Electric Study Highlights Facility Managers' Willingness to Adopt New Digital Technologies to Improve Building Performance

- 63 percent of facility managers show interest in implementing analytics to better monitor their building systems, yet barriers still exist

ANDOVER, Mass., June 19, 2017 /PRNewswire/ -- According to a new study commissioned by Schneider Electric, facility managers are increasingly looking to leverage the Internet of Things (IoT) by implementing new digital technologies like intelligent analytics to improve maintenance decisions and operations, with 89 percent of respondents indicating they expect to achieve a return on their IoT investments within three years. Seventy percent of respondents expect the IoT will impact their building and maintenance policies within the next year, which corresponds with facility managers' new ability to measure success through the use of digital technologies.  

A new Schneider Electric study shows that more facility managers are open to implementing new technologies, such as the Internet of Things and intelligent analytics, to improve building performance.

"To make the most of building systems, forward thinking facility managers are making a shift toward predictive thinking and taking proactive approaches to maintenance that enhance both operations and energy efficiency," said Brian Ratcliff, U.S. EcoBuildings Services Director, Schneider Electric. "As the adoption of analytics and IoT becomes more regular, the use of digital technologies for predictive building maintenance will continue to expand, with steadily increasing ROI through the coming years."

While the study found that more than 90 percent of respondents thought connecting systems to the internet will ensure smart, productive, profitable operations and allow service providers to deliver better value and maximize energy and sustainability, facility managers are still split between taking a proactive versus reactive approach to building maintenance. Only 15 percent of respondents reported that they fully utilize predictive maintenance tools and only 35 percent indicated they are proactive in their approach to maintaining building systems by conducting regular preventative maintenance on equipment. The other half of facility managers categorize themselves as reactive.

The interest in new technologies and the connected services market is on the rise, with 42 percent of respondents expressing they are very interested in utilizing an analytics managed service to gain insight into their buildings and plan more effectively. However most facility managers are not maximizing the potential of these technologies, with only 32 percent of respondents stating they currently have analytics solutions in place. One third of those that say they fully utilize predictive maintenance tools have adopted analytics. By contrast, only 17 percent that say they are largely reactive currently have analytics in place, indicating there is a significant gap between proactive and reactive maintenance operations.

Although facilities managers are eager to utilize new technologies, barriers to achieving building maintenance goals still exist. Almost half (43 percent) of respondents stated the level of investment required is the biggest challenge they face in the adoption of digital solutions within their buildings. Nearly a quarter of respondents (23 percent) indicated the lack of internal resources available to interpret the data into actionable results was a key barrier, while 18 percent believe their buildings are not suited to the adoption of connected technologies and 14 percent indicated there was a lack of proof around ROI.

To learn more about the study, you can review a detailed summary of the results here. For additional information on Schneider Electric's building efficiency solutions, visit www.schneider-electric.us/buildingservices.

This survey was conducted by Morar Consulting in January 2017 among 300 U.S. facility directors and managers, as well as operations, maintenance and energy personnel. Results of any sample are subject to sampling variation.

About Schneider Electric

Schneider Electric is the global specialist in energy management and automation. With revenues of $26 billion US dollars (25 billion euros) in FY2016, our 144,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.

www.schneider-electric.us

Discover Life Is On 

Follow us on:
https://mobile.twitter.com/SchneiderElec
https://www.facebook.com/SchneiderElectric?brandloc=DISABLE
https://www.linkedin.com/company/schneider-electric
https://plus.google.com/+schneiderelectric
https://www.youtube.com/user/SchneiderCorporate
https://www.instagram.com/schneiderelectric/
http://blog.schneider-electric.com/   

Hashtags: #SchneiderElectric #LifeIsOn #InnovationAtEveryLevel #IoT #digitization #ConnectedServices #analytics #buildinganalytics

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/schneider-electric-study-highlights-facility-managers-willingness-to-adopt-new-digital-technologies-to-improve-building-performance-300475279.html

SOURCE Schneider Electric

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...