This is the third article of our four-part series on revolutionary new strategies and technology in corporate real estate for achieving true Operational Efficiency. In case you missed them, check out parts one and two.
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By now, we’re all well aware of the tectonic shift from “9-to-5, Monday-to-Friday” at the office to a whole new era of personalized Hybrid and Flex employee work experiences. Post-pandemic, employees want to stay flexible in how and where they work and companies are grappling with how to make the office more appealing, more closely tend to the needs of individual roles, as well as better manage the costs of under and over-utilized workspaces.
There’s only one way to do this: implement data-driven workspace management strategies with intelligent building technologies.
However, only a small minority of buildings have deployed the right tools for extracting data to actually understand Occupancy issues and know how much and what kind of spaces are required as well as gain useful insights to improve the workspace environment.
With Intelligent Building solutions, you can leverage building performance data to strike the right Occupancy balance. You don’t want to have too few employees in the office at a given time so as to avoid wasteful energy consumption, nor have too many leading to overall discomfort and dissatisfaction — further exacerbating the problem of workers not wanting to come in.
There are also missed opportunities to drive new revenue with Flex Space management. For example, renting out underutilized spaces to other companies or hosting events. In fact, workers themselves are increasingly organizing after-hour or community events within office spaces and employers can more creatively cater to these trends to such an extent that the workplace becomes somewhere we want to be as opposed to somewhere we have to be. With the right insights, you can leverage the entire office building into a more dynamic, profitable operation.
At EDGE Next, we strive to reveal actionable building insights to real estate stakeholders, such as CFOs, portfolio and facility management, enabling them to:
What’s more is that all this can be achieved quickly and inexpensively within any legacy system or building, old or new. By deploying Intelligent Building solutions, you are empowering yourself to transform your office building into a healthier, more sustainable and profitable operation.
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Adapting to new flex work environments and demands while improving Operational Efficiency requires knowing what kind and how much space is required while understanding a variety of activities occurring within.
To get a better overview of what can be achieved, it’s helpful to break down Occupancy into three main areas:
SpaceThe goal here is to gain a precise overview on space availability and utilization — even at the desk level — in real time. Within our platform dashboard you can clearly see room occupancy and space usage percentages by time (hourly, daily, weekly, etc.). With this level of insight, you can take a variety of initiatives:
ConsumptionAlso appearing on the dashboard are a wide variety of data points illustrating sources of energy consumption and by various measurements.
Health This refers to all the factors within workspaces that can have negative or positive effects on employee wellbeing and productivity, which will directly affect the desire to come into the office or work from home. When in the office, displays can be installed throughout spaces to help employees find the ideal place for their current need/task through a smart scheduling system. Our dashboard displays:
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In the second part of our series on how to achieve energy savings with EDGE Next, we went into some depth on how the platform works. It bears repeating that our Intelligent Building solution overall is easy to execute, inexpensive and yields quick results.
First, we create a Digital Twin of your spaces that virtually represents structure, floors, rooms, etc. Next, we install and connect a network of IoT sensors and devices to your existing systems that immediately starts sending messages to the backend of the EDGE Next data platform. The platform is integrated into the company’s existing BMS with no additional upgrades, automations, capital adjustments, workflow changes or teams.
From here, the collected and correlated data is visualized on the frontend through an intuitive, customer (and even employee) facing dashboard, which provides the overviews described above and can generate additional reports on actionable insights.
Certain insights can even be displayed on screens mounted throughout the offices, corridors and conference rooms. This empowers not only C-suite, portfolio or facility managers within their own role in transforming their office building, but even each individual employee.
Occupancy is just one area where corporate stakeholders must focus if their companies are to navigate the rough waters of current work and real estate trends. Companies must also tackle their overall office energy usage as well as understand and improve their spaces for maximum employee comfort.
Furthermore, starting on your path to Operational Efficiency is also a major step to achieving Net Zero. Imagine if the vast majority of the industry and world at large were committed to deploying Intelligent Building solutions in order to transform their buildings into healthy and sustainable spaces.
This would be a major collective achievement in overcoming both societies’ business and environmental challenges at once.
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Stay tuned for the next articles in our series. We’ll be deep diving into how companies can get even more actionable insights through data within the three pillars of Energy, Occupancy and Wellbeing.
For over 25 years, our parent company EDGE, a leader in sustainable real estate development, whose portfolio and Net Zero initiative are dedicated to putting people and the planet first by building a zero carbon world, have understood the need and opportunity to deliver the right technologies to the right areas. Thus, EDGE Next’s Intelligent Building Solution was born.
We believe that every relevant stakeholder at the top of executive management — CFOs, portfolio managers, facility managers, HR, etc. — has the power to act. Once we realize how our building spaces are performing, we can trigger initiatives that improve all aspects under the banner of “Operational Efficiency” — for the sake of our companies, global business and humanity itself.
To facilitate such a new and innovative process, we have given extensive thought into how customers can both understand and onboard the technology as easily, clearly and seamlessly as possible. We strive to help our stakeholders realize that there are absolutely zero reasons to not try our platform. This is why we integrate our Intelligent solution into your BMS with no long-term commitment, ready to start immediately to see results. We’re confident that once you see the quick results, a whole new world of building and office management opportunities will reveal itself.
Too many of us — at the individual and company level — find ourselves paralyzed in thought by the many modern, existential crises bearing down on our collective humanity. Where each generation faced one or two great challenges in their lifetimes, it feels like we’re facing them all at once.
Maybe true, but what’s underreported is that there are many individuals and companies actively finding solutions.
This includes us at EDGE Next and the Smart Building Collective.
This is why we’ve started The Building Revolution.
To sign up for our episodes and read recommended literature on the correlation between Buildings, Wellbeing and Data, visit The Building Revolution website.