This article was written by Daphne Tomlinson of Tomlinson Business Research. The major security systems companies are facing competitive pressure from a wave of smart building startups in the continuing race towards IoT. As a response to the potential threat, Tyco and Bosch have recently increased their investments in innovation through in-house R&D, early stage incubator programs, strategic partnerships and startup funding. In Memoori’s recently published report, The Market for Building Performance Software, we tracked 167 investment announcements in companies offering software for enterprise energy management, fire and security and real estate and property management over the past five years. The focus is on analytics, deep learning and machine vision to enhance IoT in non-residential buildings and smart homes as well as identification & authentication, biometrics, video analytics and 3D imaging sensors. Tyco announced in March this year that it had opened innovation centers aimed at solving broader customer problems while championing startups in security, […]