Analytics at Edge
One of the primary appeals of IoT within the built environment is the ability to connect to existing data-rich devices and equipment for greater analysis and insight into their operation and performance. Over the past couple of years, we have seen clear movement toward computing and intelligence to the edge. With it, the industry is moving towards a distributed data architecture where multiple nodes work together to perform analytics at the edge.
Computing and analytics are increasingly beginning to reside at the equipment and device sources, enabling data to be generated faster, more efficiently and more reliably than ever before. The ongoing evolution of micro-processing technology has meant that sufficient computing power to perform the heavy lifting of data analysis can now be performed directly onboard the devices themselves. This evolution is happening because of the need to streamline the amount and types of data, reduce latency and manage bandwidth, reduce the amount of data sent to the cloud, reduce complexity, decrease network, improve system response time and decrease potential failure points. The result is the advent of Edge Analytics.
So, what is Edge Analytics? It's an approach that provides analytics at the point of data collection, on devices themselves and in the gateways at the edge of the network close to the things that are the source of the data, such as sensors, controllers, equipment, and machines residing in a building, campus, and or control rooms. Also known as distributed analytics, it means analytics is performed at the point where (or very close to where) the data is collected (at the device level) rather than being required to be sent back to the Cloud before any value can be derived.
We recognize that the ever-increasing flow of data and analytics must be managed more efficiently to optimize information utilization, reduce costs, and improve business performance. Edge analytics clearly offers many benefits. By incorporating “analytics at the edge”, facility management operations can rapidly accelerate processes, reduce data storage and data transfer costs and improve system resilience and performance.
The flexibility and power of edge devices makes them useful in a wide variety of applications and built environments. By offering facility owners and operators an opportunity to improve data processing and analytics locally at the device level, edge devices are an attractive tool for facilities of all shapes and sizes. For these reasons, edge devices will continue to drive change in the built environment over the next decade.
I think it's important to point out that the edge computing and analytics will not replace the Cloud but rather complement it. They will however, bring more efficiency, resilience, flexibility, security and simplicity to the effort. Analytics at the edge ensures that the data resulting from equipment and devices is the best you can get, so that the premises and the conclusions derived can be followed and acted upon within a timeframe in which is needed and required to deliver the maximum value and business outcomes.
In conclusion, we can expect more analytics to move even closer to the edge and become ingrained in the same devices that are generating the data, creating even greater possibilities for inter-device intelligence and interactions and better optimized user experiences. As access to data and the use of analytics becomes mandatory, not optional, demand increases to make computing and analytics availability at the edge as non-negotiable.
This Week’s Sponsor
Embracing open software and hardware platforms, Lynxspring develops, manufactures and distributes edge-to-enterprise solutions and IoT technology, to create intelligent buildings, better energy management, equipment control and specialty machine-to-machine applications. Lynxspring technologies and solutions are simplifying connectivity, integration, interoperability, data access and analysis from the edge to the enterprise and is deployed in millions of square feet of commercial facilities. For more information about Lynxspring, visit www.lynxspring.com.
UPCOMING REALCOMM WEBINARS
Controlling a Building from Your Phone – OCCUPANT EXPERIENCE Platforms Arrive - 2/28/2019
The initial focus in mobile technologies was on meeting room reservations; then came lighting, heating and cooling, then access control. Over the last 24 months it has become apparent that there are many more occupant experiences that can be delivered via mobile phone. Managing parking, reporting maintenance issues, ordering coffee, scheduling an exercise class, viewing security cameras, and other applications were quickly added to the list. With so many options and approaches available, what are the best strategies for occupant experience? Build versus buy, functionality selection, solution integration and ongoing support are just some of the topics to be addressed by the industries’ most respected professionals.
Chuck Niswonger has over 30 years of successful leadership experience in technology-related roles that range from operating his own consulting company (www.nicenets.com) to directing the IT strategy of a real estate investment management firm to manufacturing and technology-enabled education. Chuck has also been the chair of the Realcomm Investment Management (IM) Advisory Council for the last ten years, managing content selection for the conference educational sessions, IM forums, workshops and webinars.
Matthew Lennan has been integrating IT and building system technologies for more than 30 years. He has developed and implemented computing infrastructures for global financial firms, major healthcare facilities, manufacturing, entertainment complexes and traditional smart buildings. Most recently, Matthew has been working in software development to refine the customer experience for smart buildings in Office, Retail and Residential environments. He is currently responsible for driving Innovation across Oxford Properties’ portfolio.
Jared Summers is a motivated execution-oriented high performance individual who has extensive experience managing large-scale global programs. He brings a unique ability to understand and articulate complex technologies in a relatable way while rapidly fielding innovative capabilities. Currently Jared is the Data, Analytics & Technology Manager at ExxonMobil, delivering on the promise of transformational change enabled by digital technologies across the entire global real estate portfolio.
Joshua has over 15 years of successful leadership experience with early-stage disruptive companies. He has an extensive background in property technology, focusing on amenities that drive tenant experience across commercial real estate, multifamily residential and student housing. Josh has lead national sales and support teams with an emphasis on customer success, brand recognition, and occupant experience.
Elizabeth Dukes is the Co-Founder and CMO of iOFFICE, the leading workforce-centric IWMS software and the first 100% SaaS platform designed for the Digital Workplace. Dukes drives strategy for iOFFICE and advocates for the confluence of people and technology that unleashes the full potential of the workforce and the workplace.
As Head of Sales, Nick is responsible for leading the sales organization including domestic sales, product implementation and customer success. Nick’s 20+ years’ involvement with technology dates to the 90s when Peapod did its best to teach him UNIX. Nick’s IT responsibilities over his various positions have included End User Support, System/Platform Administration, Business Continuity Management and Project, Facilities, Procurement, Contracts & Maintenance. Most recently Nick served as Vice President at Environmental Systems Design (ESD).
Matt leads the product development and roadmap strategy for Modo Labs. With broad experience across mobile and audience engagement, along with a customer-centric mindset, he is the company’s product leader for both Workplace and Campus solutions. Matt and his development team continue to enhance the Modo no-code platform, empowering higher education and enterprise organizations to quickly create personalized applications and ensure students and employees have access to the information they need most.