Like it or not we have now entered the third wave of Information Technology which will be even more profound than the previous two; which have shaped world over the last 50 years. Building Internet of Things (BIoT), smart, connected products in buildings offer a totally new set of choices of how we capture and create value from the phenomenal amount of new data they generate, and then convert into actionable intelligent information, across a whole series of seemingly unrelated services in the built environment. Theoretically they should be able to achieve this for a lower cost and provide add on services that will reduce the building owners Return on Investment (ROI). However to achieve this we will need to form new relationships as the industry boundaries are expanded causing the routes to market to be redefined and contractual procedures drastically changed. We cover this in much more detail in our recently published research – […]