Analytics and IoT for Retail Banking

Our national retail client desired a low cost solution that captured energy and performance data across a portfolio of sites across the country. The overall aim was to improve the immediate visibility of energy consumption and equipment performance so that they could:

1. anticipate break downs, reduce trade call outs and  maintenance spend
2. manage temperature setpoints and time schedules to reduce energy consumption and energy spend.

Problems:

• High costs for servicing a large portfolio across Australia
• High percentage of redundant trade call outs
• Poor remote visibility of branch environments
• No control for HVAC and lighting

Solution overview:

Precise Air proposed and implemented a cost effective Nube iO IoT solution to control and monitor HVAC and lighting with Web-based dashboard providing access to the national property portfolio.

Benefits:

• Ability to remotely diagnose equipment faults and site issues, resulting in reduced trade service calls and lower facility operating costs
• Time schedule control
• Temperature control and monitoring
• Improve human comfort and reduce energy consumption
• One access point to monitor and control all building assets
• Low cost solution to remotely understand what is happening at each outlet
• No damage to building infrastructure
• Predictive maintenance model

*Cost & ROI:

• Cost savings through reduced trade call outs & time schedule control ~$4.2k p.a. per site

• Cost is around $6k + $400 p.a. subscription fee ~$6.4K

• ROI ~1.5 year