Why should you benchmark your building: 5 reasons why you should join the Smart Building Collective
Why should you benchmark your building?
5 reasons why you should join the Smart Building Collective
Attention building owners and operators, have you ever asked yourself:
How smart is my building?
How does my building stack up when compared to the smartest buildings in the world?
What can I learn from leaders in the smart building industry to improve the performance of my own building?
If you have ever wondered about these things, you should consider benchmarking your building. And a great way to do that is by joining the Smart Building Collective (SBC). Read on to learn 5 reasons why.
What is Benchmarking?
Benchmarking is a process of comparing against industry standards, best practices or even your own targets or goals. By benchmarking a building (or a portfolio of buildings), you can identify areas where your building is performing well and areas where improvements can be made.
How can the Smart Building Collective help me benchmark my building?
The Smart Building Collective (SBC) believes, and has observed first-hand, that the practice of smart building is constantly evolving. This means that the benchmark or standards of what defines the smartest buildings in the world are also constantly evolving. The power of the Smart Building Collective is that it allows us to learn from each other about new and innovative smart solutions, buildings and business models as they are introduced, pushing the boundaries of what makes a truly smart building. SBC captures this and therefore defines/sets the ultimate smart building benchmark.
What are the benefits of benchmarking my building with SBC?
1. Identifying best practices. Benchmarking with the Smart Building Collective allows you to identify the best practices, strategies and business models used by the smartest buildings in the world - because the industry leaders in smart buildings are all part of SBC. As buildings get smarter and smarter, learning from others what the best practices are can improve your own performance and competitiveness.
2. Improving efficiency. Benchmarking can help you to identify building inefficiencies and areas where resources (like energy, space) are wasted. Benchmarking allows you to compare efficiency/performance to industry (SBC) standards, other buildings inside or outside of your portfolio, past building performance, or other targets you set. This is the first step in actually meeting efficiency targets (e.g., through implementing specific smart technologies), and subsequently reducing costs and improving indoor environmental quality.
3. Identifying opportunities for innovation. Benchmarking with SBC can help you to identify new products, services, or technologies that are being used in other smart buildings, and how they could potentially make your own building smarter. This can help you to stay ahead of the curve in the industry, but can also help you to innovate yourself and develop new products or services that meet your unique needs.
4. Measuring and proving performance. Benchmarking with SBC provides opportunities to measure your building’s performance against the SBC standards. This allows identification of areas where your building is underperforming and insights to make changes that improve performance. In addition, it allows for building performance to be quantified and qualified alongside smart features and solutions. This is very important because, through SBC’s research ecosystem, we can scientifically demonstrate the true value (social, economic, environmental) of smart buildings - something that is needed to bring the industry forward.
5. Identifying industry trends. Benchmarking can help to identify trends in the built environment industry, learning from the other leaders in the Smart Building Collective. This can help you to anticipate changes and upcoming trends in the market and adapt accordingly.
Overall, benchmarking is a valuable tool for building owners and operators to identify areas for improvement, gain a competitive advantage and improve performance. And the best way to do that is by joining the Smart Building Collective and joining the other industry leaders in smart buildings. Contact us to find out more:
Learn about the power of the collective from two building program sponsors we worked with:
Join the Smart Building Collective | Certification and certify your building, service, solution, and knowledge against the market.
