Square Sense, a Proptech specialized in data-driven real estate asset management, who works with large asset managers, developers and corporates across more than 10 European countries, has deployed Terabee people counting solutions to help their clients to slash energy consumption, energy costs and dramatically improve space utilization.
Says Philippe Khoury, Head of Data Asset Management, Square Sense, “We provide an end-to-end single contract for our clients, ranging from IoT acquisition, to installation, configuration, and integration into our SaaS platform. This is available for asset managers, developers and corporate tenants.”
Privacy-friendly and GDPR-compliant
In terms of GDPR-compliance, Terabee people counting solutions Time-of-Flight technology means that no personal identifiable information (PII) is ever gathered so there is never processing of personal data. As the Terabee technology is not camera based, no images or videos are recorded.
Terabee people counters are therefore GDPR-compliant by design. Another strong point with this technology is that there is no issue to obtain consent for data processing and the risk of personal data breach is removed, as personal data is not being gathered.
Why do we use Terabee?
“We use Terabee people counting solutions with our clients in order to reduce the energy consumption within their portfolio and to optimize the use of their space,” Philippe Khoury continues. “We have deployed this kind of solution within our institutional investors’ portfolio and we have managed to solve several problems with them.”
Square Sense’s first step has been to build an understanding of the occupancy level of each space within the building, going from common areas to private areas of each of the tenants in those buildings.
“Then we use this data, having it processed on the Square Sense platform, to come up with actions that can immediately reduce costs and increase revenue,” says Philippe Khoury. “The solution has resulted in 15% cost savings, mostly on energy costs and generally related to HVAC systems. There has also been a 75% increase in usage of common areas, mainly focused on business centers, meeting rooms, and corporate restaurant spaces.”
Data-driven energy efficiency and occupancy gains
“Terabee is delighted to work with Square Sense for these data-driven energy efficiency and occupancy gains for commercial real estate investors and their ecosystem,” says Max Ruffo, CEO, Terabee.
“The scope of applications for our GDPR-compliant, privacy-friendly people counting solutions mean that large institutional investors and organizations who manage a considerable commercial property portfolio can use the accurate, anonymous data insights to improve energy efficiency, building use and space occupancy. They can also make informed decisions to maximize the management of resources such as staff canteens, washrooms, information desks and meeting rooms. This, in turn, can give better user and customer experience,” added Max Ruffo.
The Terabee People Counting L-XL device, available both in Power over Ethernet and LoRa models, provides data privacy by design. It uses advanced Time-of-Flight technology and gives class-leading accurate people counting data on the number of people entering and exiting large doorways or corridors. Moreover, the Terabee people counting algorithm filters out static objects and counts multiple people passing in both directions below the device, as they enter or leave a designated space.
About Square Sense
Square Sense is a fast-growing PropTech founded in 2017 to lead the digital transformation of real estate asset management. Our unique solution supports office and residential real estate portfolios to develop better relationships with their tenants, enhance the effectiveness of their operations, and optimize their environmental performance.
Square Sense collects and processes all data from real estate assets, providing a unique data platform to create measurable financial and environmental value for asset managers, operators and developers. Its team combines skills in data science, software development, and asset management, to accelerate the transformation of real estate into a data-driven industry.
Get in touch with Terabee today for accurate, anonymous insights into building, workplace and room usage and how to optimize real estate expenditure with Terabee Time-of-Flight people counting systems.