IoT use case: Banking

Ensuring optimal performance of the equipment in your branches is critical to minimizing overhead costs and ensuring energy efficiency.

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Envizi provides an Enterprise IoT platform to capture and analyze your HVAC, lighting and key equipment infrastructure data, providing actionable insights to lower your property service and energy costs.

Envizi delivers a single, organizational-wide view of your IoT data across sensor, gateway and connectivity types.  The platform is scalable and flexible to adapt and grow with your business.

Actionable insight to lower the property service costs in your branches

Building Demographics

  • Large portfolio of small bank branches
  • Fixed operating hours
  • Average floor area: approx. 200- 500 m2
  • No centralized oversight or control of plant equipment

Challenge

  • Property services and energy are major cost centres when managing a large property portfolio
  • In an environment where margins are being squeezed, lowering overhead costs is essential to profitable operations
  • Limited on-site resources to monitor and repair equipment
  • No way of proactively identifying equipment faults or cost saving opportunities

Solution

  • 3-7 IoT sensors deployed per branch to monitor HVAC, lighting levels, and occupancy
  • 1 gateway to receive and transmit sensor data to the cloud
  • Asset Performance Monitoring software module to visualize data and extract insights

Insights

  • HVAC operating out-of-hours (or when not occupied)
  • Lighting operating out-of-hours (or when not occupied)
  • Facility or space occupied out-of-hours
  • HVAC start time not optimized (comfort conditions being achieved well before occupancy)
  • HVAC discharge temperature fluctuating (cycling between heating and cooling modes)
  • Comfort set-point too low or high (HVAC working harder than required)
  • Comfort out of range (HVAC not able to achieve comfort conditions)

Outcomes

  • Significant savings realized in labor, energy and equipment costs
  • Reduced disruption to business operations due to unplanned maintenance
  • Reduced reliance on outside contractors to investigate and diagnose issues

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