Intelligent big data: Opportunitiesfor real estate asset management
IES Faculty Event
Thomas BouriotSenior sustainability and energy consultantTuffin Ferraby Taylor LLP
27 April 2016
Why this presentation?
Real estate asset managers are often the final decision-makers in construction projects
91% believe that energy efficiency has become more important in their organisation in the last 5 years
53% now consider energy efficiency as a top 5 priority when acquiring new buildings
Overview
(Very) brief definition of asset management
Building performance from an asset management perspective
Challenges and drivers for energy efficiency
How data can support performance optimisation?
Real estate asset management
Management of real estate investments aimed at maximising property value and return on investment via
Effective risk management
Efficient property management
Identification and implementation of valuable improvements
A different definition of building performance
A high-performing building generates maximum profit via
High and continuous rental income
Low operating & maintenance cost
Low depreciation
Big data and running costs reductionBuildings already gather a lot of data which is not used optimally
Information/data is not shared between the occupants, the landlord and designers
Designers don’t have feedback on the performance of their designs
Energy metering data Utility meters Sub-meters
Building Management system Time schedules Indoor environmental parameters Plant status (load, running, faults, settings etc.) Etc.
Design & commissioningdata
EPC/energy model Asset register Operation and Maintenance manual
Billing Reporting (CRC, GRESB, etc.) Energy management
Maintenance recordsFor both planed and reactive maintenance: Inspections records Test results Etc.
Big data and running costs reduction
Energy manager BMS engineer Site manager
Day to day building operations Potentially energy management
Day to day building management Due diligence Potentially energy management
Maintenance contractorSite manager
Design engineersBuilding surveyorsArchitects
Building upgrades Due diligence Potentially energy management
Streaming data remotely accessible
Streaming data Dynamic
dataStatic & dynamic data
Large volumes of data of different types, in various formats and in different locations, for each building
Limited possibility to access the data easily and remotely or track changes in real time/on an ongoing basis
No visibility into data
No possibility to cross reference and analyse the data quickly and cost-effectively
Intelligent Big Data
Energy metering data Utility meters Sub-meters
Building Management system Time schedules Indoor environmental parameters Plant status (load, running, faults, settings etc.) Etc.
Design & commissioningdata
EPC/energy model Asset register Operation and Maintenance manual
Maintenance recordsFor both planed and reactive maintenance: Inspections records Test results Etc.
Big data and running costs reduction
Energy manager BMS engineer Site manager
Maintenance contractorSite manager
Design engineersBuilding surveyorsArchitects
Streaming data remotely accessible
Streaming data Dynamic
dataStatic & dynamic data
High visibility into data
Data ScienceContinuous
and in depth monitoring
Enhanced reporting
Identification of latent wastage
Building fine tuning
Smarter maintenanceInformation
sharing
Lower running costs via smarter management
Big data and regulatory risk: Minimum Energy Efficiency Standard
• Affects F or G rated properties
• Applies to new leases and renewals from 1 April 2018
• All leases from 2023 (domestic from 2020)
• 500,000 EPCs - 1 in 5 have F & G ratings
• Accelerated obsolescence and potential for ‘brown discount’
Big data and regulatory risk: Minimum Energy Efficiency Standard• Essential to have accurate EPCs to
maintain asset performance
• Most poor EPCs are due to poor quality inputs
• Availability of design data throughout the lifecycle of the property is essential
BIM and big data can improve information availability through the property lifecycle
Thank you
Contact details:
Email: [email protected]
Direct: 020 3479 7709
Thom Bouriot
www.tftconsultants.com