The Bank of America Building Automation project has won a gold award in the Building Automation category at the fifth annual Machine-to-Machine Value Chain Awards gala.

 

One of the world’s largest financial institutions, Bank of America serves more than 59 million consumer and small business relationships with more than 6,100 retail banking offices in the U.S.

 

A core part of the project implementation was Field Diagnostic Services Inc.'s (FDSI) Service Assistant portable diagnostic tool and InSight monitoring products and professional services.

 

Bank of America is deploying an energy and maintenance management solution to significantly reduce both the energy and maintenance costs at its 3,200 branches. Field Diagnostics' technology will utilize the data from Bank of America's building automation system to inventory each branch's energy topology monitor equipment performance and optimize maintenance.

 

The winners of the Value Chain Awards are determined by an independent panel of industry analysts and experts. The entries are evaluated on the overall strength of the deployment, especially the level of innovation and the business value obtained.

 

According to Derek Johnson, program director for Bank of America's intelligent Command and Control Center, Field Diagnostics provides an advanced set of products that leverage its diagnostic energy conservation and maintenance tools to help the bank reduce its branch energy costs by 10 percent to 15 percent and create a similar saving in its per branch maintenance costs.

 

In addition, the technology helps the bank to move away from a prescriptive preventative maintenance regime to a conditioned-based one where it can focus its maintenance resources where the real problems are, based on the data analyzed by FDSI's InSight product. This ensures that the bank gets a better return on its maintenance investment dollars.

 

Commenting on the recognition, FDSI President Todd Rossi stated that FDSI is proud to work with Bank of America on this pioneering project, and to have helped them to realize substantial savings as a result.