Plus Property Develops Smart AIoT Solution for Prevention of Energy Loss at Facilities Energy Bill Could Be Slashed by as Much as 30%
It hardly needs to be said that building and facility owners are concerned about expenses that result from the operation of the building or facility. A critical expense at a facility is the energy bill. The air-conditioning system is responsible for 50-60% of said energy bill at a facility. If we are to reduce energy consumption, it is crucial to implement accurate remedies and place importance in optimising the air-conditioning system. Plus Property has introduced a new technology to help with preventing energy loss at buildings and facilities. The technology involves the pro-active use of IoT to monitor and control the HVAC system. Under a partnership with TIE, distinctive techniques are employed to develop PLUS’s AIoT Platform. The patented technology integrates the use of building systems engineering, digital IoT and proficient personnel.
What is PLUS’s IoT system and how does an AIoT platform contribute to greater efficiency?
PLUS’s IoT platform involves expanding on IoT (Internet of Things) and AI algorithm to give rise to an AIoT platform capable of diagnosing the causes of energy waste within an HVAC system. The air-conditioning system is generally the top power consumer within a facility. Said diagnosis makes use of Automated Fault Detection and Diagnosis (AFDD) to reveal the true causes of energy waste. AFDD augments efficiency in the use of data provided by equipment and systems at a facility by linking the data feeds to AI. The latter then analyses the data to accurately determine the causes of issues. Diagnosis results are display via a mobile application so the facility manager can pinpoint the spot causing the problem. This leads to precise solutions being implemented for said problem. Damages are also reduced this way. The AIoT platform can help increase energy saving by at least 15-30%, therefore reducing the energy bill.