31 May '18, 11am

5 Trends Helping Drive Smart Building Adoption

5 Trends Helping Drive Smart Building Adoption

The opportunity for smart buildings is clear. From The Edge in Amsterdam to the RBC WaterPark Place in Toronto, smart buildings across the globe are delivering a better occupant and operating experience. Moreover, there is data that links green building certification to higher rents and property values. McKinsey, which has analyzed the market opportunity for the internet of things (IOT) in many different industries, predicts there will be between $70 billion and $150 billion of value creation by 2025 within offices due to the IOT. Key areas of savings include a 25 percent reduction in maintenance costs and a 50 percent reduction in unplanned outages. Smart buildings will also increase revenue opportunities and enable the delivery of new business models. Many startups understand and benefit from key technology trends. It is now easier to collect and analyze building data. W...

Full article: https://www.greentechmedia.com/articles/read/trends-drive...

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