Kone
Going Up! Tracking the Rise of the Smart Elevator Market
October 12th, 2023Siemens Xcelerator Partners Focus on Energy Performance Optimization & Building Analytics for Building X
August 23rd, 2023
Exploring Caverion’s Smart Building Strategy & Public Tender Offer
In this research note we explore the strategic priorities and business activities of Finnish building technology company Caverion, which has been listed on the Nasdaq Helsinki since 2013. In the last month, a consortium led by North Lux Holdco SARL, a vehicle owned and controlled by Bain Capital Private Equity, has proposed a voluntary public […]
European IoT-Enabled Elevator Maintenance Startups Examined
In this Research Note, we examine several of the European startup firms addressing elevator maintenance solutions and services. This analysis covers the business models, stakeholders, funding and acquisitions of WeMaintain, Digital Spine and Uptime, accompanied by Memoori’s own assessment of these startups. The lift and escalator industry has been shaped by a small number of […]
Technology Alliances Tackle Thorny Issue of Interoperability in Smart Buildings
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. “Currently, there is no automation technology available that covers all of the use-cases required to fully automate a commercial building.” That is the conclusion of IP Building and Lighting Standards (IP-BLiS), the latest initiative announced in June 2020 to promote a secure multi-standard […]
“As Buildings Evolve, Elevators can also Evolve in Ways we have Not Seen Before”
Office workers in New York City spend a cumulative 5.9 years, per year, in elevators, according to an IBM study. The research showed that NYC office workers spend a further 16.6 years, per year, waiting for those elevators, meaning a cumulative of 22.5 years of potentially productive work time is wasted in the elevator process. […]
New Partnerships Underline IBM’s Smart Building Ambitions
Last week, KONE, a global company in the elevator and escalator industry, entered into an agreement with tech giant IBM, where KONE will use IBM’s technology and experience to harness the potential of digitalisation and the Internet of Things (IoT) in smart buildings. KONE stated that it “will use IBM’s Watson IoT Cloud Platform to […]