Smart Cities

Demanding Smart Business Models for the Future of the IoT

Technology providers are yet to offer a single, tailored system that combines building automation, management, and integration functions. That’s according to William Ruh, Digital CEO of Australia-headquartered, international property and infrastructure group, LendLease. Ruh spoke during the IoT Impact conference in Sydney recently, laying out the company’s vision for a ‘smart building ecosystem’ that would increase the number of live data points in buildings tenfold. In Barangaroo, Sydney, the company is engaged in a building development that already generates over 1 million live data points from a variety of connected systems that includes lighting, access control, and metering systems, among other things. They are still lacking a single, customized ecosystem that can serve the primary needs of the building. “People come in and say ‘I have one of those’. But it’s a general-purpose thing that doesn’t actually do what we want, and it costs a lot to make changes,” Ruh said. Relevant buildings related data […]

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