Energy Consumption Optimization Platform for Real Estate Property Management

The client manages extensive property portfolios with diverse electrical and HVAC systems. They face rising utility costs due to non-optimized energy consumption, limited visibility into device operation, and a need for scalable solutions to monitor and control smart devices across multiple properties to reduce operational costs and improve environmental impact.

A large property management company operating multiple residential, commercial, and hospitality properties across a region, seeking to enhance energy efficiency and device management through IoT integration.

• Develop a scalable, real-time energy consumption monitoring system integrated with existing IoT platforms to provide insights for each connected device and property.
• Expand the system's support to include various smart devices such as thermostats, occupancy sensors, and air quality detectors.
• Implement alerting mechanisms for energy overuse to facilitate proactive management.
• Design a user-friendly interface to enable property managers and tenants to easily control devices and view energy analytics.
• Enable secure data handling and compliance with relevant privacy standards.
• Lay the groundwork for monetization through subscription-based services and partnerships with industry stakeholders.
• Create a flexible system architecture that allows future integration of predictive analytics and occupancy-based energy regulation.

• IoT device onboarding and management (smart sockets, thermostats, occupancy and CO2 sensors).
• Realtime energy consumption tracking and detailed analytics per device and property.
• Configurable alerts for overconsumption and abnormal device behavior.
• Intuitive, responsive user interface for property managers and tenants, including onboarding flows and device controls.
• Secure user authentication and data security measures following best practices.
• Integration with existing IoT platforms and external systems through APIs.
• Administrative dashboards for monitoring system health and managing permissions.
• Scalable back-end architecture designed for quick deployment and growth.

• IoT device protocols and APIs for smart sockets, thermostats, occupancy sensors, CO2 detectors.
• Existing IoT platform for device management and data collection.
• Analytics and alerting systems for energy consumption monitoring.
• Authentication and authorization systems.
• Potential integrations with predictive analytics or ML models in future phases.

• Support at least several thousand connected devices with minimal latency.
• Ensure system uptime and reliability with automated recovery procedures.
• Implement GDPR-compliant data security standards, including access controls and secure data storage.
• Design for rapid scalability to accommodate an expanding number of properties and devices.
• Maintain optimum response time for user interactions and data processing.

The proposed system aims to significantly reduce energy costs through real-time monitoring and proactive alerts, improve device operational visibility, and enable scalable deployment across multiple properties. It sets the foundation for future monetization via subscription services and strategic partnerships, ultimately increasing ROI and supporting the client’s sustainability objectives.