Commercial building property managers are under pressure to maximise value per square foot and deliver optimal experiences for their occupants. The Internet of Things (IoT) can help solve these challenges by providing better insights and predictability for space usage including room occupancy, resource trends and traffic patterns.
Additionally, says Dave Weidner, senior director, ISG Market Development, Arm, property managers can leverage the physical data insights of IoT to design energy efficient and monetisable spaces, as well as increase employee safety, productivity and engagement.
Today we’re announcing Space Analytics as part of our Arm Pelion Smart Spaces solutions for property managers of hotels, co-working spaces and commercial buildings to see when, where and how building spaces are being utilised.
Based on our Pelion IoT platform, Space Analytics securely gathers and analyses data from off-the-shelf IoT devices (such as smart lighting, sensors, locks, IP cameras, badge readers) to deliver actionable insights and predict availability of space. Through the solution’s machine learning capabilities, we’re able to provide actionable data insights on space and resource usage, all of which work toward driving greater efficiencies and maximising revenue.
Let me give you a few examples of how a property manager could use these data insights: provide discounted pricing to customers for non-peak hours, offer the best and closest available working space, or reduce operating expenses related to energy, cleaning and lighting through a better understanding of usage and occupancy. You can also pair this with our Indoor Lighting solution to tailor room lighting based on users’ preferences.
Another example of where Space Analytics will provide immediate value is for the rapidly growing co-working spaces market. In fact, Europe is forecast to have 255 million square feet of commercial property dedicated to co-working spaces in 2019, due in large part to the growth of self-employees and startups looking for flexibility and cost savings.
This is why Ireland’s Dogpatch Labs chose Space Analytics for its Dublin Docklands start-up hub. The company is implementing the solution to improve dynamic management of spaces throughout its facilities. This will help Dogpatch Labs optimise the space and enhance usability for its community of around 400 entrepreneurs.
Our Indoor Lighting offering also enables the rapid deployment, remote management and security of intelligent lighting controls that reduce maintenance costs and provide energy savings. We’re already working to deploy this in our own Cambridge headquarters.
Space Analytics and Indoor Lighting are currently available and can be purchased as standalone offerings or in conjunction with one another. These Pelion Smart Spaces solutions provide a secure and scalable way for companies to easily obtain actionable insights, onboard any device, as well as rapidly incorporate new features from our vast ecosystem of application partners.