21st Century Property Management and the Intelligent Building

November 25, 2010

Electricity is getting expensive very quickly. Prices in the US commercial market have risen 25% over the past 5 years, and are projected to rise another 50% over the next 5 years. Real-time pricing is being introduced that rewards those who closely monitor their energy use and punishes those who can't. Property owners and managers need to be able to make tenants accountable for their energy use through cost allocation — while giving them the tools to reduce consumption and costs. Tenants are becoming aware of the impending impact of rising energy costs and are flocking to properties that help them manage its use.

Intelligent Buildings integrate Building Automation Systems (BAS) with IT systems and metering platforms to provide a detailed picture of a building's state. This unified system tracks, informs, and controls resource use while integrating with business systems — allowing property stakeholders (building owners and others) to closely monitor and manage their energy consumption and participate in energy and Green House Gas (GHG) markets.

Intelligent Buildings provide granular control and monitoring of energy use in an open environment — with a fluid exchange of information between a rapidly evolving Smart Grid and the commercial systems owned by stakeholders. As the Smart Grid and commercial systems continue to progress, an Intelligent building needs to be able to adapt to these changes. Open systems that can integrate with multiple systems through standard protocols and interfaces are a must.

The bottom line is this. The key to profitably managing multi-unit (commercial or residential) properties is to rapidly adapt to changing business and technological landscapes. The systems used in an Intelligent Building should be open and flexible, allow for staged and affordable evolution, and protect building owners and managers against ever evolving industry standards and business requirements.

Gord Echlin, VP Sales and Marketing, Triacta