by Brianna Crandall — October 24, 2018 — Aquicore, a real estate performance management platform, just launched a new optimal start time tool for its existing platform. This new tool enables buildings to quickly save on operating costs without affecting tenant comfort.
On average, commercial buildings account for nearly 20 percent of all the energy used in the US, and as much as 30 percent of that energy is wasted, according to the US Energy Information Administration. Aquicore is working with its customers across the country to reduce what it says is the single most important source of carbon emissions on the planet. Aquicore’s software equips asset and property/facilities managers with the data they need to make faster, more informed financial and operational decisions based on key performance indicators for utilities, equipment use, environmental conditions and more.
Built from the ground up as a portfolio-wide asset management solution, Aquicore offers a cloud-based platform to track, analyze and predict key building performance factors in real time to unlock portfolio-grade insights. Aquicore’s built-in collaborative tools and shared target tracking facilitates more robust lines of communication among executives, property managers and building engineers. With self-installed Internet of Things (IoT) sensors, Aquicore is designed to be implemented in a matter of days, rather than the months these solutions typically take.
Mike Donovan, vice president of Product at Aquicore, stated:
Aquicore is all about empowering building teams through tools that help them do their jobs better. Unlike other market solutions, our approach utilizes machine learning techniques to deliver accurate start times without the need to install expensive equipment. By incorporating factors like utility tariffs and lease schedules, our suggestions are trusted by the best engineers out there.
The optimal start time tool utilizes a complex algorithm to develop its suggestions, factoring in outdoor temperature, equipment efficiency, insulation levels, utility tariff schedules and lease hours. The tool’s suggestions are then delivered to users on a daily basis with plenty of time to take action. The tool also requests input from users to better train and enhance the algorithm for the future.
Logan Soya, CEO and founder of Aquicore, remarked:
Aquicore is a new kind of software platform for the real estate industry, founded on the principle that simple and intuitive tools in the right hands can help create both a fiscally and environmentally sustainable future.
With more than 1,000 installations nationwide, Aquicore services more than 146 million square feet of real estate space across the US, working with over 700 commercial buildings owned or managed by 80 institutional clients, including the John Hancock Tower, Salesforce Tower, National Press Building, Promenade and NASCAR Plaza. Aquicore’s clients include Cushman & Wakefield, JBG Smith, Lincoln Property Company, MRP Realty, Under Armour, Facebook, The World Bank and Salesforce.
For more information about the Aquicore platform, or to learn more about the optimal start time tool, visit the Aquicore website.