How to Increase NOI and Reduce Operational Expenses
Facilities managers are always on the hunt for ways to increase Net Operating Income (NOI), from adding revenue-driving amenities, increasing rates, and decreasing operating expenses. All too frequently, they focus on increasing revenue, which can lead to dissatisfied tenants who may begin looking for alternative locations. However, by finding opportunities to reduce operating costs, you […]
How Predictive Analytics Can Reduce Facility Maintenance Costs by 40%
As a facility team leader, you live and breathe conversations about the productivity and profitability of your equipment and building systems. Maintenance and labor costs factor heavily into those discussions as you and your team weigh the benefits to your bottom line of reactive maintenance plans and preventative maintenance plans. However, if a predictive maintenance […]
Get Actionable Insights From Building Data
Increasing commercial HVAC efficiency is a global problem with a surprisingly high-tech solution. Since HVAC operations in large commercial buildings account for nearly 20% of all energy consumed worldwide (and nearly half of the energy in each building), facility managers and power grid engineers alike have a vested interest in increasing energy efficiency and reducing […]