SMART Goals for Retail Banking
Energy cutting goals vary from role to role and from branch to branch, but ultimately should focus on optimizing IoT technologies in a way that makes sense for retail bank branch portfolios. Some banks may even have an energy savings plan that can assist in developing SMART goals.
IoT Solutions to Implement
IoT solutions ultimately save money, which is good news for both property managers and executives.
Lighting Upgrades
Use LED lights rather than incandescent or fluorescent bulbs to significantly cut energy costs. When installing new LED lighting, look for solutions with smart sensors so retail bank branches can track energy saving progress.
HVAC System Improvements
IoT solutions for HVAC systems monitor for potential problems and malfunctions. Incorporating smart technologies means property managers and executives can track bank branch temperatures and adjust accordingly from anywhere.
SMART Goal Examples for Property Managers and Executives
While specific goals will vary depending on your current usage, here are some examples of specific, measurable, attainable, relevant, and timely goals you can set for your portfolio.
- Reduce energy consumption in each branch by 15% within one year of LED installation.
- Cut electricity bills by 10% over a one-year period after smart system installation.
- Increase HVAC efficiency by 50% within a two-year period.
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