REGULAR
from $625million in 2015 to more than $8billion by 2021. The bulk of this revenue will come from North America and Western Europe as large buildings in these regions implement cloud- based smart building platforms or integrate existing building management systems to smart building platforms.
We are approaching a ‘tipping point’ in the use of Internet of Things technologies for building management. Used effectively, IoT can be a key enabler in delivering smart, resilient, sustainable and productive buildings. Low cost sensors, strategically positioned around the building, can be used to deliver actionable insight based on real time data stored in the cloud. The days of inaccurate manual readings and unreliable point-in-time information from traditional Building Management Systems are coming to an end.
An interesting report, published by Honeywell earlier this year, developed a Smart Building Score Index™ for evaluating a building’s use of 15
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technology assets across three main smart building indicators – green, safe and productive – as follows:
• Green – flexible cooling and heating; power consumption monitoring and control; energy-efficient electrical appliances and plumbing fixtures; conservation and efficient use of natural resources.
• Safe – surveillance and intrusion monitoring; fire detection and notification; people and vehicle screening and access control; disaster response; gas and water leakage detection and notification; worker safety and personal protection.
•
Productive – uninterrupted power supply; wired communication and data infrastructure; people, vehicle, and cargo movement management; wireless communication and data infrastructure; indoor environment comfort, quality, and control.
A wide range of facilities management benefits can be derived from the effective combination of cloud
technology and services, IoT sensors, intelligent devices and the big data generated from such infrastructure – operating cost and energy savings, workspace personalisation, occupant wellness, tenant experience management, preventive asset maintenance, reduced capital expenditure due to extended asset life and reduced downtimes.
Incumbent facilities service providers who do not respond to ‘smart’ opportunities and threats could well face the prospect of being digitally disrupted by new entrants to the industry. The ABI Research mentioned previously argued that the lack of initiative from incumbent service providers is opening up opportunities for device OEMs, system integrators, security companies, telcos, and platform vendors to offer managed building services.
In Part 4, we will look at digital disruption in the residential care and public sectors.
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www.rpadam.co.uk
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