Many businesses have fallen victim to the energy crisis as rising energy costs and overheads are eating into their profit margins. As result of this, businesses are facing operational difficulties and financial constraints which are stunting their perpetual growth and profit maximization. However, the current energy crisis serves an opportunity for businesses to reevaluate their approach to consuming energy, and implementing strategies that minimize energy costs, provide energy independence, and protect them from any unforeseeable energy crises.

The best approach to minimizing energy consumption and energy costs is building optimization. Given the volatility and unpredictability of the energy market, a business must have the ability to control their energy consumption and energy costs without adhering to the situation of the energy market. Therefore, improving the energy performance of your assets and operations is an efficient and sustainable concept to demonstrate.

Building optimization is a proven concept where businesses use smart technological means to efficiently use resources and energy, whilst creating a comfortable and safe environment to live and work in. Businesses can integrate and connect legacy systems such as Internet of Things (IoT) sensors, building

management system (BMS) and artificial intelligence (AI) to help control and optimize the energy and operational performance of the business. Such systems can provide a holistic, real-time data insight of a business and find areas for improvements, using enhanced connectivity and automation or proposing strategies to reduce energy consumption and energy costs.