FEATURE do not have an accurate baseline for setting measurable and achievable goals . Establishing metrics such as energy use , energy waste , space use and environmental conditions allow businesses to develop a clear set of priorities . Doing this helps avoid ‘ analysis paralysis ’, where large volumes of data are collected without the purpose or ability for valuable analysis . Setting a clear purpose for data collection ensures that even when a business does not have the immediate capacity for analysis , the data will be readily available when required . as businesses evaluate the adaptability of their business practices after the pandemic . Furlough schemes and lockdowns presented companies with the challenge of monitoring their office , retail or warehouse space with reduced – or nonexistent – staff .
Deploying smart , wireless technology means business owners can continue tracking equipment safety and room occupancy , along with metrics that are important for the occupants , such as temperature , humidity and CO 2 levels .
Clear metrics are also vital for demonstrating ESG compliance to critical stakeholders , particularly investors . Ethical considerations – particularly environmental concerns – are playing an increasingly significant role in investment decisions and many investors will seek evidence of sustainable practices and improvements .
Wireless sensors and remote monitoring
IoT sensors have the additional benefit of remote monitoring . This is particularly important
As the world continues moving forward from the pandemic and increasing its focus on environmental concerns , businesses must adapt to new expectations and requirements .
Sensor technology provides the most costeffective solution , offering opportunities for companies to establish measurable goals and take essential steps to achieve them . ESG goals have already proven their value and as investors and critical stakeholders scrutinise ESG compliance , more businesses will seek the technology necessary to uphold these expectations . x
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