{"id":21687,"date":"2019-03-01T05:00:24","date_gmt":"2019-03-01T13:00:24","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=21687"},"modified":"2020-12-25T01:40:17","modified_gmt":"2020-12-25T09:40:17","slug":"yardi-smart-energy-suite-interview","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/yardi-smart-energy-suite-interview\/","title":{"rendered":"Energy Boom"},"content":{"rendered":"<p><em>Christy Cannon, <\/em><em>a Yardi Energy account executive and holder of the Certified Energy Manager designation from the Association of Energy Engineers, <\/em><em>discusses how integrated systems are streamlining building operations. The exchange below includes excerpts from an interview published in Commercial Property Executive.<\/em><\/p>\n<figure id=\"attachment_21688\" aria-describedby=\"caption-attachment-21688\" style=\"width: 281px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-21688 size-medium\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2019\/02\/ChristyCannon-281x300.jpg\" alt=\"yard-energy-executive-christy-cannon\" width=\"281\" height=\"300\" \/><figcaption id=\"caption-attachment-21688\" class=\"wp-caption-text\">Christy Cannon<\/figcaption><\/figure>\n<p><strong>Q: How do building managers perceive the network of physical objects that can sense, communicate and interact with the external environment, otherwise known as the Internet of Things (IoT)?<\/strong><\/p>\n<p><strong>A:<\/strong> The principal appeal is the opportunity to reduce operating costs, increase NOI and ultimately increase property value for the building owner. Our retail clients also face pressure to provide space that helps their tenants cultivate an image of environmental stewardship.<\/p>\n<p>I see people who do the heavy lifting every day being excited about IoT.\u00a0It\u2019s like giving them a superhero cape.\u00a0IoT devices help facility managers perform predictive maintenance and optimize heating, ventilation and air conditioning (HVAC), which not only reduces the number of comfort calls they have to deal with but also lowers repair and maintenance costs and extends the life of expensive equipment. Energy managers can view utility consumption in real time.\u00a0They can manage peak electric demand and save 20% or more off their unregulated\u00a0utility bills, or immediately identify a water leak.<\/p>\n<p><strong>Q: What\u2019s the relationship between the IoT and artificial intelligence (AI)?\u00a0<\/strong><\/p>\n<p><strong>A:<\/strong> The IoT architecture looks something like a wheel with hundreds or thousands of spokes, with each spoke representing an IoT device. Multiple network structures enable IoT devices to get their data to software that can use it. AI takes all the big data buildings collect from IoT devices, building automation systems and submeters, and learns how to predict future outcomes or make decisions based on the best available options.<\/p>\n<p>Consider all the factors that contribute to a building\u2019s comfort: the building envelope, such as insulation and window type, and environmental conditions like humidity, direct sunlight and occupancy, and more. AI can learn the cause and effect between data it\u2019s getting from IoT devices to make decisions that not only ensure the next five minutes are comfortable, but also the next five hours\u2014using the least possible amount of energy.<\/p>\n<p>The consensus at the <a href=\"http:\/\/www.energycongress.com\/\">World Energy Engineering Congress<\/a> in October 2018 was that AI is fueling the fourth industrial revolution. There is virtually no aspect of energy that AI won\u2019t influence, especially regarding demand management.<\/p>\n<p><strong>Q: How do connected energy solutions benefit building owners and managers?<\/strong><\/p>\n<p><strong>A:<\/strong> Integrated systems link building operations data in new ways by pulling more intelligence from the same data sets.\u00a0An example is linking monthly utility bills to real-time consumption data.\u00a0An asset manager looking into utility budget variances sees that electricity costs increased by 30% one month but doesn\u2019t know why.\u00a0He or she can drill into a graph online, all the way to the meter level, to see which meter caused the cost spike, then link to the meter\u2019s 15-minute-interval consumption data during the service period.\u00a0Now the manager can easily see exactly when the consumption spike occurred and work with the facility manager to address it.<\/p>\n<p>This type of integration also ties financial data from utility bills to operational data on utility consumption. You can show your CFO a savings of $55,000 versus 460 megawatt-hours.\u00a0Dollars and cents is the one language everyone speaks.<\/p>\n<p>Most of our clients have diverse portfolios with big buildings, small buildings, central chiller plants or rooftop units. Some have HVAC optimization, others have only real-time metering or fault detection and diagnostics or central control. By pulling all of those products and operations into a single portal, you can manage your entire portfolio and see all your faults and alerts in one place. You can compare a big building with a chiller plant using HVAC optimization and a small building with rooftop units using central control on a consumption-by-square-foot basis.<\/p>\n<p><strong>Q: What is Yardi Energy\u2019s contribution to the AI\/IoT evolution?<\/strong><\/p>\n<p><strong>A:<\/strong> We\u2019re using AI and IoT to automate manual processes. When a fault alert automatically generates a work order and requires a purchase to resolve it, for example, the purchase order request goes automatically to Accounting, the item is shipped to the site, Maintenance completes the action and the work order is completed. The facility manager doesn\u2019t have to manually create a work order, nor do Accounting or Facilities Management have to go online to place an order.<\/p>\n<p>In the near future, tenants will be able to make after-hours HVAC requests through a portal, which sends a schedule change to the building automation system, after which a charge is posted to the tenant ledger. Accounting puts a fee on the tenant\u2019s next bill, which is paid via the portal. This happens with no human interaction beyond the tenant request and paying the charges. The facility manager doesn\u2019t have to slip a piece of paper to Accounting or send an email listing all the tenants who requested after-hours HVAC support.<\/p>\n<p>As we remove people from these simple manual processes, we give them the bandwidth to focus on more complex activities.\u00a0This level of enterprise solution is available because of the proliferation of the IoT, combined with AI and the connectivity of systems.<\/p>\n<p><em>Read CPE\u2019s interview with Christy Cannon in its entirety: <a href=\"https:\/\/www.cpexecutive.com\/post\/energy-operations-and-the-iot-factor\/\">Part 1<\/a> and <a href=\"https:\/\/www.cpexecutive.com\/post\/energy-management-and-iot-solutions\/\">Part 2<\/a>. Learn how the <a href=\"https:\/\/www.yardi.com\/products\/smart-energy-suite\/\">Yardi Smart Energy Suite<\/a> helps building owners optimize energy management and occupant comfort<\/em>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christy Cannon, a Yardi Energy account executive and holder of the Certified Energy Manager designation from the Association of Energy Engineers, discusses how integrated systems are streamlining building operations. The exchange below includes excerpts from an interview published in Commercial Property Executive. Q: How do building managers perceive the network of physical objects that can [&hellip;]<\/p>\n","protected":false},"author":442,"featured_media":21688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2472,4],"tags":[15,1675,16,2559,1946],"class_list":["post-21687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news","tag-yardi-employee-profile","tag-yardi-energy","tag-yardi-insight","tag-yardi-pulse","tag-yardi-smart-energy-suite"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"Christy Cannon, a Yardi Energy account executive, discusses how integrated systems are streamlining building operations\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Boom\" \/>\n<meta property=\"og:description\" content=\"Christy Cannon, a Yardi Energy account executive, discusses how integrated systems are streamlining building operations\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/yardi-smart-energy-suite-interview\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-01T13:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-25T09:40:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2019\/02\/ChristyCannon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3014\" \/>\n\t<meta property=\"og:image:height\" content=\"3218\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yardi Blog Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yardi Blog Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/yardi-smart-energy-suite-interview\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/yardi-smart-energy-suite-interview\/\",\"name\":\"Energy Boom - 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