Big growth opportunity for big data in smart buildings

Fault detection in 2012 represented 27% of the $16 million global market for building analytics, with optimization accounting for the remainder.

09/10/2013


IHS Inc.The market for fault detection based on big-data building analytics will expand at a compound annual growth rate (CAGR) of more than 40% during the next five years, according to a new report entitled “Value Added Services in Intelligent Buildings” from IMS Research, now part of IHS.

Fault detection in 2012 represented 27% of the $16 million global market for building analytics, with optimization accounting for the remainder. However, as the market develops and grows, fault detection will take a larger share of the market, IHS forecasts.

Big data is a term used to describe large and complex data sets that can provide insightful conclusions when analyzed and visualized in a meaningful way. Buildings are full of systems that produce data, from building management, which captures temperatures and humidity levels, to access control, which collects occupancy statistics.

Source: IHS Inc.

“The challenge for big data in smart buildings is to combine the silos of information from different systems into a single unified location where the data can be analyzed,” said William Rhodes, senior market analyst with the Building Technologies Group at IHS. “Some systems allow for an Internet protocol (IP) interface, whereas others require acquisition and transformation of the data before it can be combined. Data naming and labeling is critical at this point to ensure consistency across buildings and equipment.”

After the data is combined it needs to be normalized in order to adjust for seasonality, measurement scales and other factors that may skew the findings.

“Once combined and normalized, the opportunities for big data can emerge,” Rhodes observed. “Analytics and algorithms can be run on the data to identify operational and energy savings. Fault detection and building optimization are the two primary methods to drive savings and provide quick payback on the cost of installing the solution.”            

The final step is to provide big data analysis to the relevant stakeholders. The facilities team needs a dashboard to show where the faults are, or will be. In contrast, the chief financial officer requires a dashboard to reveal where the savings are being made.

Ultimately, the big data opportunity for smart buildings lies in achieving savings and improving the bottom line.



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Water use efficiency: Diminishing water quality, escalating costs; Lowering building energy use; Power for fire pumps
Building envelope and integration; Manufacturing industrial Q&A; NFPA 99; Testing fire systems
Labs and research facilities: Q&A with the experts; Water heating systems; Smart building integration; 40 Under 40 winners
Maintaining low data center PUE; Using eco mode in UPS systems; Commissioning electrical and power systems; Exploring dc power distribution alternatives
Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.