Page 51 - RC18-EDGE Spring.FINAL

The implications of

edge computing are
enormous. Not only will

it bring down the costs
of implementing fault
detection solutions,

it will create the
conditions for highly
customized analysis.

is currently a central building
management system installed.
Fault detection does not only cover
equipment which has failed or
is performing poorly. Equipment
that is operating perfectly, but
during the wrong times are a
major source of energy waste in
buildings. This includes buildings
with a BMS installed, where the
Department of Energy estimates
that improperly configured
BMS results in 20% higher than
necessary energy usage.

Fault detection software can infer
an occupancy schedule based on actual usage data
In addition, the savings in data transfer and storage and generate an alert as soon as it detects a piece of
can translate into more useful aggregation and unit equipment running off schedule. For Class A properties
conversions. This may seem trivial, but most on-site that have assumed their automation and controls
operators do not have any context for the units of means efficient operations, perhaps it is time to take
measurement that meters and sensors are capturing. For another look at fault detection software to complement
example, equipment performance is usually measured existing systems.
with the power demand unit kilowatts (kW), but very few
operators could tell you what the baseline demand of any Brendan Wallace is the co-Founder of Fifth Wall,
piece of equipment is. a venture fund focused on real estate, hospitality,
and travel technology backed by some of the
Understanding this, algorithms have been deployed to largest commercial landlords, REITs, brokerages,
convert power consumption data into units that make and hotel companies in the world. Prior to
sense for the end user. While kilowatt hours might not founding Fifth Wall, Brendan was the Co-founder & CEO of
mean anything to an operator, knowing the runtime Identified, a data & analytics company focused on workforce
hours of a piece of equipment is a very valuable piece optimization that raised $33 million of venture capital and was
of information that can inform maintenance schedules, acquired by Workday (WDAY) in 2014. Brendan has been an
startup times, and set point adjustments. active angel investor and manages one of the largest syndicates
on AngelList, having led over 60 angel investments including
These advancements have consequences for buildings Bonobos, Dollar Shave Club, Lyft, SpaceX, Clutter, Philz Coffee
of all sizes and types, regardless of whether there and Zenefits.

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