smart office

Smart Buildings Need to Have the Intelligence to Adappt

What would you say is the most important aspect of a smart building or of a company working in a Smart Building? Desk booking systems and conference room booking software? Maybe occupancy analytics? Or connected lighting? HVAC control? According to a white paper by Navitas Capital, a venture capital firm focused on technology in real estate and construction, the most important factor is environmental control.

Navitas Capital states the smart building movement began around 2014 with a heavy focus on energy efficiency. The movement arose out of a desire to be green and eco-friendly, to reduce emissions, and to cut costs through efficient appliances, such as LED lighting. By 2016, asset efficiency emerged. In addition to energy usage, productivity became a crucial factor. With increased performance, companies have the opportunity to cut costs as well as upgrade their office space. Cutting costs will always be important, as that is the primary incentive for higher-ups such as facility managers, space planners, or even the CFO to implement a new program or strategy. However, by 2018, the new need is for an all-in-one package. In addition to improving efficiency and productivity, companies are increasingly searching for systems that simultaneously boost health, wellness, and happiness. Navitas Capital argues that the focus of the Smart Buildings space has evolved from energy efficiency to asset efficiency and now, finally, to asset management and portfolio returns.

Tangible benefits arising from the use of various technologies in smart buildings include increased rents, higher occupancy rates, reduced operating costs, accelerated decision cycles, and improved productivity for employees. If employers can cut real estate costs with occupancy data alone, why should they care about improving employee happiness and wellness?

JLL would respond by stating the 3-30-300 rule of real estate. The cost of people is typically about ten times the cost of rent, which is usually about ten times the cost of energy and utility bills. That is, if a company spends $3 on energy and utility bills, their rent is likely $30, and their personnel costs are $300. Therefore, it makes sense to seek to optimize employee happiness and productivity, as it ends up being the largest expense of the three. Therefore, a single solution that has a dashboard tracking several environmental conditions of a workplace as well as providing occupancy analytics would be ideal for an enterprise. Efficiency, simplicity, adaptability and comfort for all.

At Adappt, providing a single solution is the name of the game. We have a robust array of sensors and accompanying software providing granular utilization and temperature data. With humidity and noise sensing soon to follow, not to mention integration with air quality sensors, Adappt is attempting to cut costs for the company while simultaneously optimizing the employee experience.
Why refer to us as Adappt anymore? You might as well call us Advil with the amount of headaches we’re relieving.

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