Smart Buildings

Will Building Owners & Operators get a Return on their Internet of Things Investments?

The terminology “The Internet of Things” (IoT) was coined by MIT’s Kevin Ashton around 20 years ago but only more recently has it become a subject of immense interest to the building services industry and their customers; the owners and operators of smart buildings. So where does the Building Service Industry fit within the wider context of the IoT? Have the delivery challengers both commercial and technical been resolved and will customers get a satisfactory return on investment in IoT? The Building Internet of Things (BIoT) is regarded as one of the 5 largest revenue opportunities of IoT along with the Home, Transport, Health and Cities /Industry. We estimate that in 2014 overall connectivity penetration rates across all building systems are currently around 16%. This connectivity penetration rate will of course rise steadily over the coming years and with it the market potential for BIoT (a term coined by Jim Young at Realcomm). But today […]

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