Smart Buildings

The Key Market Drivers for the Building Internet of Things Business

The key drivers causing Building Automation (BAS) to morph into the Building Internet of Things (BIoT) fall into 3 main categories – business drivers, technology drivers and energy efficiency drivers. In the first category the driver that will have the most impact in the long term is data integration into business systems. Organizations are increasingly looking to leverage the benefits of the Internet of Things by integrating data from connected devices from their building systems and employees and integrating them into already well established corporate business systems such as ERP, CRM, BPM etc. Combining and analyzing this data in new and innovative ways can help reduce costs, improve visibility of market opportunities and assist with supply chain optimization. Device manufacturer engagement in IoT is increasing the numbers of device manufacturers in vertical markets including retail, healthcare and manufacturing that are partnering with semiconductor, sensor and network providers to provide connectivity and interoperability in their products. […]

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