Internet of everything
Internet of everything

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

2.4.4 Property management case study

In what ways can the combination of people, process, data, and things across a secure platform create value? Consider property management and owners, as shown in the Table 6.

Table 6 Combined value of the three connections, M2M, M2P, and P2P.
Connection typeValue of combined connections
95,000 sensors and devices connected to Cisco network, including fire alarms, wireless access points, video surveillance cameras, temperature sensors, and HVACCut energy costs 21% in 2012, another 11% in 2013

Data from sensors and devices monitored by building managers with mobile devices

Energy consumption analysed in real time to increase efficiency, optimise usage

Providing network connectivity to tenants
Mobile employees work with tenants and respond to service request in real time via mobile devicesPlans to offer integrated unified communications (UC), wireless, physical security services

In a commercial real estate market, a property management company must look for ways to differentiate itself from its competitors by providing unique services to tenants and increasing revenues along the way.

In one example, a property management company installed 95,000 sensors throughout the building on a Cisco network to track energy usage. By applying analytics applications, the company was able to track energy usage and help tenants lower their energy bills. This company also provided their building managers and other facilities employees with mobile devices to improve collaboration and service to tenants.

The result was a 21% reduction in energy costs in 2012.

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371