As retailers face a challenging future, smart building management could help the sector make significant cost savings. Managing everything from utility bills to energy consumption is an opportunity for retailers to monitor and control their buildings' electrical and mechanical equipment and gain valuable actionable insights.
Numerous systems feed into the management of a single building: lighting; electrical power; heating, ventilation and air conditioning (HVAC); access control, and more. Retailers often need to manage multiple locations including offices, stores and warehouses, increasing the challenge of effectively monitoring all of these systems. But not having control of these systems is costly: inefficient energy usage alone is costing UK businesses as much as £60 million per year in unnecessary costs, according to a Green Alliance 2020 study.
