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Beckhoff Predicts Recovery after Posting 33% Decline in 2024 Revenues
May 20th, 2025Open Standards: An Essential Basic Guide to Smart Building Interoperability 2025
April 17th, 2025
LumenRadio’s 73% Growth in Building Controls Segment Reveals Strategic Shift in 2024
This Research Note examines the wireless IoT business of LumenRadio AB, a Swedish public company listed on Nasdaq First North Growth market. We focus on the company’s 2024 financial highlights and business segment results, based on their Year-End Report 2024, published 26th February 2025. We previously covered the company IPO in 2022, and 2023 financial […]
Open Standards Driving Smart Building Technology Interoperability in 2025
Open standards are critical for IoT adoption in modern commercial real estate, by ensuring that diverse devices and systems can work together, open standards lay the foundation for smart building development. Without open standards, devices operate in silos, making integration more complex, but open standards eliminate these barriers by providing a shared framework for communication […]
ICONICS Building Automation Business Examined
In this Research Note, we examine the building automation business of ICONICS Inc., a group company of Mitsubishi Electric, based on their latest acquisition, smart buildings portfolio, and Microsoft partnership. ICONICS Inc Founded in 1986 and headquartered in Foxborough, Massachusetts USA, ICONICS Inc. is a global software developer focused on SCADA, IoT, mobile, analytics, and […]
Akila Digital Twin Platform Business 2024 Examined
This Research Note examines Akila, an Asian provider of a digital twin data platform that centralizes and visualizes data from one site up to an entire building portfolio for property management and optimization. A Startup Backed by Aden Group Launched in 2021 in Singapore, Akila is backed and incubated by Aden Group, an Asia-based facility-management […]
Breaking the Shackles: Overcoming Resistance to Change in Smart Buildings
The commercial building industry has been notoriously slow in its adoption of new smart buildings technologies, struggling with a deep-seated inertia that has seen innovation lag other market verticals. Bound by the shackles of long-established practices and the burden of decades-old infrastructure and systems, it remains highly resistant to disruption. Complex supply chains, entrenched ecosystems, […]
Belimo Building Controls Business & Growth Strategy 2022 Examined
In this Research Note, we examine the Belimo Group, based on their 2022 annual report, investor presentations, financial results announced on 6th March 2023 and their long-term growth strategy in the building automation field devices sector. Belimo Group, a listed company on the Swiss Stock Exchange, is headquartered in Hinwil, Switzerland with over 2,000 employees. […]
Carrier HVAC and Fire & Security 2022 Business Examined
In this Research Note, we examine the HVAC and Fire & Security business of Carrier, based on their 2022 10K Report, investor presentations and building technology-related digital business throughout 2022. Carrier Global Corporation is a global provider of healthy, safe, sustainable and intelligent building and cold chain solutions with a focus on providing differentiated, digitally-enabled […]
Buildings Can Do Much More To Reduce Their Cyber Security Risk
The ultimate vision of mass hyper-connected smart buildings hosting hundreds of interconnected devices will not be possible without addressing a wide range of building specific cybersecurity issues. Each system, device, router, server, and gateway, including their multiple versions and iterations, introduces its own cyber security risk to the building. And, without strict segmentation, unauthorized access […]
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