Today, smart factories are providing the once technologically stagnant industrial sector with the ability to reap the benefits of digital transformation. At every step, from design to assembly and delivery, smart factories are helping revolutionize the manufacturing process by becoming Sustainable Smart Buildings.
Through smart factory technologies, industrial enterprises are provided enhanced data generation that allows them to make adjustments to increase yields and improve quality, while also taking advantage of the improved visibility for predictive maintenance.
However, while financial and machinery benefits are surely driving smart factory growth, so is the new emphasis on environmental, social, and governance (ESG) issues among investors and consumers. ESG considers how a company safeguards the environment and its policies addressing the environment, as well as how the company manages its relationships with the community, customers, employees, and suppliers with which it conducts business.
Improving one’s ESG standing is a difficult task for industrial organizations. Fortunately, technologies associated with the smart factory transformation process can aid manufacturers in tackling this problem. The global smart manufacturing market was valued at USD 254.24 billion in 2022 and is anticipated to grow at a CAGR of 14.9 percent from 2023 to 2030. However, as industrial organizations increasingly look to innovative devices and applications to improve their ESG standing, this number may be set to increase.
Recently, Veea, an integrated smart edge connectivity, communications and computing for edge and cloud provider, announced the availability of its new Environmental, Societal and Governance as a Service (ESGaaS) offering. The offering consists of an array of solutions, powered by the Veea Edge Platform that integrates connectivity and edge computing solutions via an open, scalable, and secure platform at the device edge. Download the ESG Concept Brief here.
The growing market for Environmental, Societal and Governance (ESG) solutions brings brand new opportunities for solutions providers. Commercial real estate solutions providers and property managers today are leveraging technology to create smarter buildings, to achieve energy and cost efficiencies, real-time monitoring and control, and improved in-building experiences in order to meet ESG requirements and building compliance.
“Until now, implementing such a system was complex and costly due to several challenges related to data gathering and processing,” said Allen Salmasi, CEO, Veea. “The Veea Edge Platform is designed to effectively address these challenges, aiding companies in gathering building data to drive informed operational decisions. By creating a unified, simplified and secure local network, and making it easy to onboard devices of all types is critical in enterprise and commercial real estate, with benefits that include creating excellent experiences, while lowering cost, and instantly improving ESG scores.”
The ESGaaS offering provides Veea’s proprietary vBus technology, which enables integration with numerous IoT sensors and equipment, shortening development effort and deployment time. Supported protocols include Wi-Fi, Bluetooth, Zigbee, and LoRaWAN.
Through collection of building management systems (BMS) sensor data at the edge using VeeaHubs, not only can the processing of data and decision making be expedited, but data security also improves significantly. On top of this, Veea’s vTBA and SD-WFAN solutions provide a secure, remotely monitored and controlled connection between the device edge and your cloud services.
Along with tackling some of the most prominent smart building challenges, Veaa’s ESGaaS offering also provides a variety of advantages related to ESG standards across an array of business processes, including:
- Energy: efficiency and consumption
- Gases and air quality: pollutants and air particle levels
- Access and security: camera feeds, lock status, keypad inputs for improved building security and tenant safety
- Lighting: ambient light levels, light levels by room or perimeter
- Water: leak detection and remediation
- Connectivity: Operations, tenant, and guest connectivity
- Building communications: digital signage, notifications, and alarms
- Maintenance: reduced unscheduled downtime through predictive maintenance
- High-speed network access via Wi-Fi, 4G and 5G
Veea’s partners have already taken this platform to the next level, integrating analytics, dashboards, and reporting to create market-leading solutions. These solutions enable direct, secure, and scalable control of building environments, reducing energy consumption and expense, reducing carbon footprint, supporting LEED certification, ensuring a healthy environment, and supporting tangible ESG programs.
For example, the Niagara Framework is now available on the Veea Edge Platform. Tridium’s Niagara open building management framework is one of the world’s most widely-used building management software, revolutionizing the way buildings are managed. With the Veea Edge Platform, users can leverage the Niagara Framework’s features in new ways to monitor and manage their buildings, ensuring their occupants’ safety, comfort, and convenience and introduce new wireless end-points utilizing the Veea Edge Platform’s vMesh technology.
With their partner WYND Technologies, an air quality management and analytics company, the Veea Edge Platform provides the local edge mesh network, which collects the data from the WYND Halo indoor air quality monitors, and performs the local processing for interpreting, managing, reporting, and presenting the information collected with a wireless 4G WAN uplink to the cloud for remote reporting, alerts, notifications and archiving. The data generated and stored locally on the Veea Edge Platform can be used by enterprises to efficiently monitor and analyze components such as pollutants, odors, humidity, moisture, temperature, maintenance of systems, and even occupancy.
The Veea team will be at Mobile World Congress in Barcelona from February 27 – March 2, available for briefings and interviews. Please contact Tom Williams to set up a meeting to learn more, and to schedule time with one of Veea’s experts.