How unlocking the potential of a smart building can reduce cost and boost business
Urban migration is at its highest level and city buildings are under pressure to operate more efficiently. We are now seeing a shift towards smart buildings that embrace the internet of things (IoT), with growth in this market projected to increase at a compound annual growth rate (CAGR) of 12 percent by 2021, according to research by Technavio. IoT offers tremendous opportunity in smart buildings and construction — which can save energy, re-engage workforces, increase investment and improve sustainability. But how can it be implemented? Putting the ‘smart’ in buildings The prestige of location is no longer the only priority for global powerhouses and businesses. Thanks to a rapidly growing urban population and increased environmental regulation, operational efficiency is now top of the agenda. And with innovation and IoT able to reduce operating costs by up to 30 percent, according to the technology research company Gartner, “smart buildings” are clearly the way to a prosperous fut...