7 Benefits of Using an IoT Monitoring Platform

Share this Post

Key Benefits of Using an IoT Monitoring Platform

IoT allows building managers to gain insights into critical systems and equipment, but bringing all that insight into one place is challenging. IoT monitoring offers many benefits that let managers cut costs, increase operational efficiency, and plan for scalability. top-view-of-businessman-hand-working-with-modern-technology-and-digital-layer-effect-as-business-strategy-concept-2.0

Any IoT monitoring platform is embodied by one word: connectivity. 

Connectivity allows building and property owners to boost efficiency, eliminate needless expenses, and address concerns before they unravel into catastrophes.

It doesn't matter if you're dealing with household appliances or industrial equipment; individual devices carry unique performance issues. To avoid these issues, their performance metrics must be tracked constantly. 

IoT-enabled devices use built-in technology that allows managers to monitor performance thresholds. But there's a problem: even with this outstanding tech, it's hard to corral all essential metrics into one place.

That's where an IoT application monitoring solution comes in. It knits all the data together, bringing it into a simple dashboard so managers can visualize their property's needs and performance at a glance.

If used right, IoT monitoring offers a variety of benefits. Below, we'll explain the top seven benefits of connecting IoT infrastructure with a monitoring platform. 

1. Real-Time Data Visibility and Analysis

Anyone in charge of a building's internal system knows how crucial real-time metrics are to ensure everything is above board. 

Traditional property management relies on manual inspections, leading to potential delays in decision-making, errors, and missed insights. On the other hand, IoT monitoring platforms provide continuous, real-time data visibility and analysis.  

IoT devices and sensors monitor every critical piece of equipment, including:

  • Air conditioning and furnaces
  • Indoor air quality
  • Lighting
  • Building and Device Security
  • Plumbing

Deploying IoT smart devices throughout a property gives managers real-time information on all systems. Managers receive instant alerts when performance issues or potential failures arise. For example, you'll receive a warning if there's a harmful level of airborne particulate matter. This insight can change a dirty air filter or replace batteries on a carbon monoxide detector. 

Ultimately, it's all about enhancing decision-making, and IoT platforms deliver this real-time analysis clearly and consistently. 

2. Remote Monitoring and Control

Managers often become tied to their buildings, making it hard to take a break or leave it in the hands of others. Another typical pain point is that one manager is responsible for overseeing multiple sites. 

With an IoT monitoring platform, managers can monitor equipment from any location. IoT dashboards are wholly centralized and include data on all critical systems. As a result, managers can oversee building operations directly from their phones. They can even control and track things like:

  • Temperature control
  • Security cameras
  • Energy consumption

With IoT monitoring, managers gain the advantage of monitoring from anywhere. The platform also makes it easier for the entire building staff to get a picture of what's going on, making it easier for managers to feel comfortable leaving operations in their hands. 

3. Proactive Maintenance and Predictive Analytics

Building managers often face difficulties keeping up with the sheer extent of equipment and devices. Given this, tasks fall through the cracks and can be costly. 

IoT monitoring lets managers foresee breakdowns and conduct maintenance before it becomes urgent, ensuring minor tasks don't become major issues. It also helps businesses plan and predict when equipment will reach a point of failure. 

Overall, smart analytics save money by avoiding downtime and helping implement predictive maintenance plans that provide structured layouts for key assets. This reduces the cost of repairs and increases system reliability. 

4. Energy Efficiency and Sustainability

Energy bills are a massive overhead cost. IoT monitoring puts energy consumption under a microscope, capturing real-time metrics that provide actionable insights into where building owners can act to reduce costs.

Whether it's HVAC, water, or lighting, IoT sensors capture usage data, allowing managers to optimize as needed. This is especially pertinent as new sustainability regulations continue to pass. Soon, most businesses will be required to strategically adhere to environmental standards, which makes IoT monitoring a way to get ahead of the curve. 

5. Cost Savings and ROI

Traditionally, there's been no way to get around the fact that building maintenance is time-consuming and costly. Now, with IoT, managers can detect immediately when systems are down or running inefficiently.

Continuous monitoring provides notifications to managers, telling them exactly what repairs are necessary. This significantly reduces the likelihood of emergency breakdowns. As any building manager knows, the cost of an emergency repair is exponentially greater than that of one scheduled in advance. 

If managers are proactive, they can use IoT systems to slash energy, utilities, and maintenance costs. But to do this, they need to understand how to use predictive analytics to build a holistic plan around equipment monitoring. The result is positive returns on investments (ROIs) at faster rates.

6. Compliance and Reporting

Commercial and industrial real estate is subject to massive occupancy and safety standards. IoT monitoring solutions greatly reduce the complexities and worries over compliance. Monitoring applications track equipment and systems, ensuring safety and environmental standards are met. So when that surprise audit finally happens, there's nothing to sweat over. 

Owners can even schedule regular reports to get routine updates on regulatory compliance. Overall, this saves time while creating an easy, effective way to stay within legal boundaries. 

7. Scalability and Future-Proofing

Implementing new systems used to be a logistical nightmare. With IoT monitoring, owners can easily expand or contract their network. Most IoT monitoring systems are plug-and-play, making it a breeze to integrate new devices, sensors, and applications into a network of devices. 

This easy network performance allows businesses to scale according to their needs. Better yet, managers receive insights into that new system immediately. Then, as service providers continue expanding what types of systems and devices can be built into the IoT network, managers can swiftly seize the opportunity to scale up their network, enabling greater insight and gaining a larger working picture of their building. 

Future-Proof Your Space With the IoT Platform That Grows With You

The future doesn't wait for anyone to play catch-up. Because of this, buildings must begin building robust IoT monitoring tools now. 

Attune offers a cutting-edge package of IoT sensor technology with a sleek platform that monitors all applications and provides impeccable insights. Our software allows businesses to customize layouts precisely according to their needs. This heightened customization increases transparency and communication as managers work to prevent downtime, increase operational efficiency, gain data-driven insights, comply with regulations, and forge ahead as a future-proof property management leader. 

Visit our site today to schedule a demo.

Recent Posts