Building and building system automation is not a brand-new concept, having been around since the early 2000s and has evolved into what we today know as ‘smart homes.’ These smart homes usually utilize IoT systems to obtain the benefits of automated home systems like motion-sensing lights, temperature, and humidity checks. Residential spaces, especially complexes, have almost the same building compositions and setting as commercial spaces, including utility equipment system, which makes up for the bulk of the management and maintenance segment.
Residential complexes often face issues like equipment breakdown, poor maintenance or service schedules for the power and water supply lines leading to resource wastage and poor distribution, outdated security systems, etc. These issues often snowball into liabilities for the residents and the residential complex managers. IoT-based solutions help in troubleshooting these problems by offering actionable insights.
IoT solutions for residential spaces are mostly focused on:
- Total Utility equipment management
- Cost-effective functions
- Resource consumption
- Safety and security
These 4 points are the basis of any building system. Still, for residential spaces, it plays a more significant role as issues in the points mentioned above directly affect a person’s living conditions. It is essential to know the overall working condition of your utility equipment. The granular visibility provided by IoT can achieve this. Such total visibility can lead to solutions like:
- Tracking energy, fuel, and water consumption across multiple segments (premise-wise, location-wise, office-wise, etc.
- Checking the condition of every piece of utility equipment from the facility level to the individual machine level.
- Comparative data collection and analysis for actionable insights.
- Offering assistance for intelligent surveillance of the residential spaces.
Alerts are often the primary segment of any IoT solutions as it not only notifies the management about problems but also can help keep track of pending issues that may require attention. Such alerts can be general or customized according to the needs of the building system. Alerts to convey ongoing maintenance or recent servicing of any asset.
Apart from alerts, IoT solutions also provide detailed reports in the form of insights on the functions and conditions of the various actions within the building system, including the utility equipment. This helps in creating and maintaining timely servicing schedules to rectify any damage or fault in the equipment, thus saving equipment breakdown and cutting down any extra expenses.
All of this can be easily accessed through a single web-based application that allows the user to get data on multiple segments, leading to overall monitoring and management of the building systems.
Conclusion
Efficient and cost-effective management of residential complexes and their systems is essential to gain a complete and uninterrupted comfort of a smart home. While residential complexes are more spread out and have multiple sections, it is possible to have an innovative and sustainable grid of IoT-managed utility equipment systems and other facilities for better building management. The primary point for the integration of IoT into residential areas is to create better and sustainable living spaces that are affordable as well as manageable.
While many companies provide many IoT solutions, our end-to-end utility equipment management solution, Tor Shield, provides all the necessary answers for your building management needs.
