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: tbouriot@tftconsultants.com

Direct: 020 3479 7709

Thom Bouriot

www.tftconsultants.com