Syed Ahmed, Founder and CEO of Savortex explains how UK businesses can harness data and a smart service model to reduce waste and boost profitability.
UK businesses could save £23 billion per year by improving the way they use resources and interact with their business premises, furthermore the built environment accounts for around 33% of waste, and 47% of UK greenhouse gas emissions.
What’s just as alarming is that 30% – 50% of the energy in buildings is wasted. In my opinion, smart energy management is the most dynamic segment of the building technologies and services industry.
Savortex is an Innovate UK funded, multi-award winning British Eco Technology and Internet of Things (IoT) Company.
We have found that hidden risks in buildings such as energy and waste can be identified and turned into profitability through smart technology that produces actionable data.
You can’t manage what you can’t measure and it is vital to improving the way buildings are operated by unlocking potential savings, whether that’s in terms of cash, carbon or waste.
The challenge is knowing what areas of a building to target and how to use the data. Washrooms make a compelling starting point for any organisation.
There are around 70 million around the world; around 20% use ‘energy-hungry’ hand dryers; and the average person uses up to 3,000 paper towels drying their hands at work each year.
At Savortex, we are using a cognitive platform with big data to offer servitization, data intelligence, trend analysis for our sustainability focused clients helping them improve resource efficiency, encouraging collaboration and cross-functional, continuous conversations between stakeholders.
All of this results in profit-boosting insights through faster problem resolution and a significant reduction in cost, waste and energy.
For example, one of our clients stands to save £35,000, 2.7 tonnes of Co2, 3.3 tonnes of waste and 1,938,209 paper towel sheets per year in just one building alone by using our products and data platform.
Understanding how to harvest data will enhance performance and wellbeing, reduce costs and resource consumption, engage energy management effectively within the built environment and deliver opportunities to monetise the data being collected introducing profitability in our businesses and economy.
Syed Ahmed – Entrepreneur
Since appearing on the second series of BBC’s The Apprentice, Ahmed has as successfully built several businesses and served as board member and non-exec director positions. He is now cofounder and managing director of Savortex Ltd, a dynamic technology company that has pioneered the world’s first Intelligent and economical hand drying products, for use at home or work, which digitally report on real-time usage data.
Ahmed founded the company in 2006 when he met inspiring product engineer Peter Williams and after three years of research and development, building several prototypes.
Savortex is a multi-award winning, British eco technology company that has pioneered innovative technology to create eco-friendly hand dryers, that do a lot more than just dry hands.
The company, which designs and manufactures these state-of-the-art products, serves some of the world’s leading brands that value sustainability, such as British Airways, Marriott Hotels, Everything Everywhere, the Royal Bank of Scotland, and many more.
Find out more at bit.ly/SyedAhmed
