Real Estate Industry Embraces Sustainable Solutions For New Existing Buildings, Says Netix Controls CEO – News

Most key economic sectors have made building sustainable solutions to ensure growth and development a top priority.

Published: Sat, March 12, 2022, 9:39 PM

Last update: Sat 12 Mar 2022, 10:04 PM

The booming real estate sector in the UAE is experiencing a profound fundamental shift with a pressing need to save on energy consumption by deploying sustainable solutions in existing properties as well as new builds.

The real estate market has been impacted by longstanding inefficiencies, archaic operating models, proprietary protocols, and high carbon and energy footprints in buildings. According to the United Nations Environment Programme, buildings account for 40% of global energy consumption and emit a third of total greenhouse gas (GHG) emissions.

The UAE is at the forefront of its strategic initiative to achieve net zero emissions by 2050, making the nation the first in the Mena region. Most key economic sectors have made building sustainable solutions to ensure growth and development a top priority.

Netix Controls is currently working with leading developers like Emaar, Damac, and Al Mazaya, among others, to help catalyze the process of “zero carbon” emissions by helping them make their existing properties sustainable and environmentally friendly.

“A vast majority of existing buildings are struggling with legacy, multi-vendor systems that are inefficient, energy-intensive, heavy on operational expenses, and difficult to replace due to proprietary protocols. Whether you are a landlord, tenant, facility manager, climate action advocate or government official, this is a cause for concern at all levels,” said Sanjeevv Bhatia, CEO of Netix Controls.

“Previously, however, any remedial action was costly or piecemeal, with no way to quantify achievable results. We are now able to present a solid business case for the “right to repair” of buildings. »

Netix Controls is planning expansion in the region with a total investment of 37 million dirhams which is expected to be spent in 2022 to establish a stronger footprint in the region. The company will open offices in Egypt, Saudi Arabia and Qatar. The appointment of new country managers for Kuwait and Bahrain as well as senior international talent have also joined the teams in the United Arab Emirates and Saudi Arabia.

The change needed

With a range of automation and management systems, and units such as HVAC, lighting and conveyor systems, the buildings road to holistic optimization is anything but simple. The problems, however, have less to do with the systems’ autonomous problems than with their inability to communicate and integrate with each other. This is due to the multiplicity of vendors and vendor-specific blockages, which hinder interoperability. Due to siled systems, a large amount of usable data remains unanalyzed, while building owners continue to deal helplessly with multiple vendors. More often than not, the solutions offered by proprietary systems are expensive upgrades and fixes, forcing owners to spend more money without fully utilizing the benefits. “Problems associated with proprietary protocols inspired Netix’s ‘Android approach’ – an open protocol framework similar to the Android operating system, which is open source, easy to use and more suitable for new additions,” Bhatia explained. . “The idea is to allow real estate players to upgrade the BMS with a better open-protocol architecture or refurbish the existing BMS and only repair/replace faulty devices, without throwing the item away. the most expensive or face resistance from the supplier.” And such change involves an increase in IoT and AI applications, which break down silos, increase connectivity, and centralize command and control.

Technology Driven Repair

IoT platforms such as Netix Konnect replace siled and decentralized building operations with a centralized, cloud-enabled model that provides deep visibility into all systems. This is particularly beneficial for owners of multi-building portfolios, which can now be monitored, managed and optimized at once, using data-driven insights. This has many implications for asset and vendor management, labor productivity, cost savings, occupant/tenant experiences, and most importantly, building sustainability.

“The promise of IoT and AI applications in any industry or domain is greater efficiency. The same goes for construction operations – you can replace laborious and reactive methods with more automated and proactive actions, unlocking multiple value in the process. With features like automatic fault detection and diagnosis, centralized control, energy management, and custom alerts based on end-user status, legacy buildings that adopt IoT platforms can exercise their ‘right to repair’ and become at the forefront of technology,” revealed Bhatia. However, he believes that as service providers, it is important to quantify the value that technology-driven interventions can unlock in a building.

“While software-only platforms will bring huge cost savings, they pale in comparison to what a software-hardware interaction can bring. That’s what our Novus Partner Program is all about, delivering greater savings through synergistic solutions. We’ve seen a 50% reduction in operating expenses and skilled labor requirements while avoiding system outages by 80%. These are demonstrable results,” Bhatia said.

Currently, old buildings are yet to be brought under the responsibility of IoT and AI, forward-thinking developers are embracing the “right to repair” movement. “We invest in advanced technologies to meet market needs. Soon, with old buildings yearning for a fresh start, we could see a brownfield revolution,” Bhatia concluded. —