“The Internet of Things will help fundamentally change the way we design and operate buildings” said James McHale, Managing Director of Memoori, at the Smart Buildings Conference (SBC) 2017 on Monday in Amsterdam, Netherlands. McHale explained to delegates why and how the combined global market for the Internet of Things in Buildings (BIoT) will grow from $23.5Bn in 2015 to $75.5Bn by 2021 ­- an impressive CAGR of 20.7%. The fundamental reason, he says, is that “society needs better buildings” and fast. The seven billion people on the planet will become nine billion by 2050, and today’s 30% urban population rate will become 70% in the same period. That means 6.3 billion people will be living in cities by 2050, three times more people than live in our already crowded urban areas today. Coping with such increases is simply not feasible now with the ways we currently construct and operate our buildings and cities. Furthermore, […]